The Decline and Fall of the American Empire
After reading the “news” in the Ministry of Propaganda and witnessing the stupidity of the US government, the rest of the world is struck dumbfounded by the immaturity of the “world’s only superpower.”
Cuts may lead to political instability in US – Reagan administration official
Paul Craig Roberts, an assistant treasury secretary in the Reagan administration, said that the economy will further deteriorate, leading to the US’s deficit widening by a larger amount than the cuts in the just-signed debt-ceiling deal
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Dr. Paul Craig Roberts was appointed by President Reagan Assistant Secretary of the U.S. Treasury and confirmed by the US Senate. He was Associate Editor and columnist with the Wall Street Journal, and he served on the personal staffs of Representative Jack Kemp and Senator Orrin Hatch. He was staff associate of the House Defense Appropriations Subcommittee, staff associate of the Joint Economic Committee of Congress, and Chief Economist, Republican Staff, House Budget Committee. He wrote the Kemp-Roth tax rate reduction bill, and was a leader in the supply-side revolution. He was professor of economics in six universities, and is the author of numerous books and scholarly contributions. He has testified before committees of Congress on 30 occasions.