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Instead of using existing presidential directives and executive orders to declare a national emergency, suspend the debt ceiling limit, and keep issuing it to avoid default (perhaps Plan B), he can use his preferred option (Plan A), gutting America's social contract for the corporate bosses who own him.
Perhaps he'll do it by "cut(ting) Social Security, Medicare....education (and other social programs) loose from the federal budget, (so his) Wall Street (friends) can privatize them," ripping off recipients like they scam investors.
In fact, the entire scheme may have been cooked up in Wall Street board rooms years ago, awaiting the right time under the right president to spring it on millions unsuspecting beneficiaries and future ones, unaware of the subterfuge planned to defraud them.
Before he took office, Petras nailed Obama cold, calling him "the greatest con-man in recent history." Perhaps the greatest ever, given the stakes.
Stephen Lendman lives in Chicago and can be reached at Email address removed.
Also visit his blog site at sjlendman.blogspot.com and listen to cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network Thursdays at 10AM US Central time and Saturdays and Sundays at noon. All programs are archived for easy listening.
http://www.progressiveradionetwork.com/the-progressive-news-hour/ .
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