U.S. Government Funding

October 14, 2013

In a September 18 video interview believing that the U.S. is going the way of Bankrupt Detroit, and saying he would cut taxes, cut spending and not bail out anybody, former Republican congressman Ron Paul accused Republicans of hypocrisy in wanting to fund the military and its overseas projects while favouring cut backs of local expenditures.

And in an article dated October 13, 2013 we are reminded of why the United States government debt must be permitted to increase.

‘De-Americanized’ world needed after US shutdown: China media

Chinese state media on Sunday published a lengthy polemic against American hegemony since World War II.

…Beijing has in recent days issued warnings as well as appeals for a deal, all the while emphasizing the inseparable economic ties that bind the world’s two biggest economies.

“The cyclical stagnation in Washington for a viable bipartisan solution over a federal budget and an approval for raising debt ceiling has again left many nations’ tremendous dollar assets in jeopardy and the international community highly agonised,” said the commentary.

China is the biggest foreign holder of US Treasury bonds, worth a total of $1.28 trillion according to US government data…

And in an October 7, 2013 article in Rolling Stone,

8 Flagrant Examples of Republican Shutdown Hypocrisy

They claim they didn’t want a shutdown, but these GOP politicians have been clamoring for one since 2010

Robyn Marty argues that Republicans have planned this shutdown since 2010 primarily to defund Mr. Obama’s public health program

…Despite their claims otherwise, shutting down the government isn’t something Republicans have tried to avoid, but something many have openly embraced as an option – both as a weapon against the Affordable Care Act and any other policy issue with which they disagreed…

Read more: http://www.rollingstone.com/politics/news/8-flagrant-examples-of-republican-shutdown-hypocrisy-20131007#ixzz2hh7sAXdU

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