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Obama's FY 2012 Budget Is A Tool Of Class War

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Obama's new budget is a continuation of Wall Street's class war against the poor and middle class. Wall Street wasn't through with us when the banksters sold their fraudulent derivatives into our pension funds, wrecked Americans' job prospects and retirement plans, secured a $700 billion bailout at taxpayers' expense while foreclosing on the homes of millions of Americans, and loaded up the Federal Reserve's balance sheet with several trillion dollars of junk financial paper in exchange for newly created money to shore up the banks' balance sheets. The effect of the Federal Reserve's "quantitative easing" on inflation, interest rates, and the dollar's foreign exchange value are yet to hit. When they do, Americans will get a lesson in poverty.

Now the ruling oligarchies have struck again, this time through the federal budget. The U.S. government has a huge military/security budget. It is as large as the budgets of the rest of the world combined. The Pentagon, CIA, and Homeland Security budgets account for the $1.1 trillion federal deficit that the Obama administration forecasts for fiscal year 2012. This massive deficit spending serves only one purpose -- the enrichment of the private companies that serve the military/security complex. These companies, along with those on Wall Street, are who elect the U.S. government.

The U.S. has no enemies except those that the U.S. creates by bombing and invading other countries and by overthrowing foreign leaders and installing American puppets in their place.

China does not conduct naval exercises off the California coast, but the U.S. conducts war games in the China Sea off China's coast. Russia does not mass troops on Europe's borders, but the U.S. places missiles on Russia's borders. The U.S. is determined to create as many enemies as possible in order to continue its bleeding of the American population to feed the ravenous military/security complex.

The U.S. government actually spends $56 billion a year, that is, $56,000 million, in order that American air travelers can be porno-scanned and sexually groped so that firms represented by former Homeland Security Secretary Michael Chertoff can make large profits selling the scanning equipment.

With a perpetual budget deficit driven by the military/security complex's desire for profits, the real cause of America's enormous budget deficit is off-limits for discussion.


The U.S. Secretary of War-Mongering, Robert Gates, declared: "We shrink from our global security responsibilities at our peril." The military brass warns of cutting any of the billions of aid to Israel and Egypt, two functionaries for its Middle East "policy."

But what are "our" global security responsibilities? Where did they come from? Why would America be at peril if America stopped bombing and invading other countries and interfering in their internal affairs? The perils America faces are all self-created.

The answer to this question used to be that otherwise we would be murdered in our beds by "the worldwide communist conspiracy." Today the answer is that we will be murdered in our airplanes, train stations, and shopping centers by "Muslim terrorists" and by a newly created imaginary threat -- "domestic extremists," that is, war protesters and environmentalists.

The U.S. military/security complex is capable of
creating any number of false-flag events in order to make these threats seem real to a public whose intelligence is limited to TV, shopping mall experiences, and football games.

So Americans are stuck with enormous budget deficits
that the Federal Reserve must finance by printing new money, money that sooner or later will destroy the purchasing power of the dollar and its role as world reserve currency. When the dollar goes, American power goes.

For the ruling oligarchies, the question is: how to save their power.

Their answer is: make the people pay.

And that is what their latest puppet, President Obama, is doing.

With the U.S. in the worst recession since the Great Depression, a great recession that John Williams and Gerald Celente, along with myself, have said is deepening, the "Obama budget" takes aim at support programs for the poor and out-of-work. The American elites are transforming themselves into idiots as they seek to replicate in America the conditions that have led to the overthrows of similarly corrupt elites in Tunisia and Egypt and mounting challenges to U.S. puppet governments elsewhere.

All we need is a few million more Americans with nothing to lose in order to bring the disturbances in the Middle East home to America. With the U.S. military bogged down in wars abroad, an American revolution would have the best chance of success.

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http://www.paulcraigroberts.org/

Dr. Roberts was Assistant Secretary of the US Treasury for Economic Policy in the Reagan Administration. He was associate editor and columnist with the Wall Street Journal, columnist for Business Week and the Scripps Howard News Service. He is a contributing editor to Gerald Celente's Trends Journal. He has had numerous university appointments. His book, The Failure of Laissez Faire Capitalism and Economic Dissolution of the West is available here. His latest book,  How America Was Lost, has just been released and can be ordered here.

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Paul, thanks so much, you've written well. I'm goi... by Lewis Yang on Friday, Feb 18, 2011 at 12:03:11 AM
PCR would have his savior and the budget would be ... by BFalcon on Saturday, Feb 19, 2011 at 7:46:36 PM
Another excellent piece Mr. Roberts. I have been w... by Donald on Friday, Feb 18, 2011 at 12:30:13 AM
Thank you Mr. Roberts for another fine article. I ... by Nancy S on Friday, Feb 18, 2011 at 1:28:32 AM
the U.S. to the brink. Only a few questions remai... by Mark Adams JD/MBA on Friday, Feb 18, 2011 at 11:03:05 AM
Power is blind, its only looking after it's own in... by Nancy S on Friday, Feb 18, 2011 at 2:28:27 PM
I referred to the collective scum (Dragon) as a be... by Donald on Friday, Feb 18, 2011 at 8:46:41 PM
http://www.youtube.com/watch?v=sP7ggY2cNcs... by weslen1 on Saturday, Feb 19, 2011 at 8:01:34 PM
We have a real beast in our own land, and create o... by Debbie S on Friday, Feb 18, 2011 at 1:39:50 PM
These few paragraphs say it as clearly and directl... by Josh Mitteldorf on Saturday, Feb 19, 2011 at 8:43:11 AM