Ping
That's probably the worst characterization out of the article. The biggest benefit from free trade is for the poorest in the world (provided their governments aren't too corrupt). The rich generally don't do as well under free trade and the rich includes American union laborers.
How many agricultural innovations have been given away to other countries?
How many electronic innovations have been given away to other countries?
How many health/medical innovations have been given away to other countries?
Or at least sold cheap, fractions of pennies on the dollar.
America: The Freebie capitol of the world
from the rest of what he descibes, they'll be better off staying there anyway.
Saddam Hussein was trying to get OPEC to slow production before the War began. We would have been paying $5/gallon for gas 4 years ago if Saddam was still in charge of Iraq. Removing Saddam from power was to the US as removing Gray Davis from power was to Kalifornia. It bought us a few more years before inevitable progressive financial collapse. Basically the US is fighting wars for benefactors [House of Saud-Islam Rift, Japan-Oil Supply, China-Oil Supply]. These benefactors in return finance our progressive deficit spending. Stop the foreign funded wars, and the progressive DC gravy train goes belly up. This explains in part why our borders are so poorly defended and why our progressive cities are under siege from gang warfare. DC has to service its foreign debtors before it can service its domestic citizens.
Excerpt:
The fact of the matter is that the US is bankrupt.David M. Walker, Comptroller General of the US and head of the Government Accountability Office, in his December 17, 2007, report to the US Congress on the financial statements of the US government noted that "the federal government did not maintain effective internal control over financial reporting (including safeguarding assets) and compliance with significant laws and regulations as of September 30, 2007."
In everyday language, the US government cannot pass an audit.
Moreover, the GAO report pointed out that the accrued liabilities of the federal government "totaled approximately $53 trillion as of September 30, 2007." No funds have been set aside against this mind boggling liability.
Just so the reader understands, $53 trillion is $53,000 billion.
Frustrated by speaking to deaf ears, Walker recently resigned as head of the Government Accountability Office.
What really, really rankles me is that Bush is out of the loop in regard to Russia. The Russkies smuggled Saddam's WMD to Syria ! . . .
Not one word of protest from the White House . . . Of course, Putin is GWB's 'good friend.' Unless somebody speaks up about the active conspiracy between Russia, Iran and Syria, hardly anybody will know what really happened . . . Protesters chant 'Bush lied, people died' in the streets. National media cover the protests every day.
Somebody needs to tell McCain he may lose the election. Unless the White House tells the truth about Russia.
LLS
Paul Craig Roberts has turned into a loon over the years... and it appears that his “loon disease” is catching among Freepers looking at some of the replies on this thread. That’s very frightening. No wonder the Huckster and Obama are doing/did so well in this election cycle.
as good old ronald reagan used to say, federal money is just recycled money. it does not create anything. borrowing for it is not a good idea. if you cant pay for it yourself, you cant have it.
govt costs worldwide are black holes for money. sort that out and you are on the road to fixing the problem. it is most interesting that both dems are talking about adding healthcare to this deficit...keep in mind that healthcare in europe is an enormous monster that cannot be fed fast enough...if one thing will crash the US economy its free healthcare...
Please. It’s Paul Craig Roberts, foaming-at-the-mouth America-hater.
didn’t the USSR basically meet a similar fate? They spent their way to bankruptcy and collapsed when they could not continue. WE outlasted them.
So then, while we cut defense spending (outside of our current wars) but increased our social spending (unconstitutional) to far exceed our defense spending. And now the USA is dying because of overspending - overspending that is actually trying to make us more like the USSR - Marxist... And the political party that use to lead the charge to control and limit government is now leading the charge towards Marxism. The other party that has pretty much been liberal and Socialist for decades is getting their way regardless of what “party” holds the Oval Office.
What a system.
Oh noes!
This is the problem....
http://www.taxfoundation.org/news/show/22652.html
10% of the country pays 70% of the taxes. You and I have NO say in what happens until 90% pays 90% ....until then ...we’ve “sold” the government to those 10% ...and those 10% are busy having their way with the rest of us!!!
“Paul Craig Roberts was Assistant Secretary of the Treasury in the Reagan administration. He was Associate Editor of the Wall Street Journal editorial page and Contributing Editor of National Review. He is coauthor of The Tyranny of Good Intentions.
Why would anyone use Chomsky for a source of wisdom? All the ideas he espouses are the opposite of freedom.
PCR bump for later..........
PCR: “The Republican candidate for President said he would be content to continue the war for 100 years. “
Lying talking point. And this nonsense ...
“I sometimes wonder if the bankrupt “superpower” will be able to scrape together the resources to bring home the troops stationed in its hundreds of bases overseas, or whether they will just be abandoned.”