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Smoky Lake Signal Article 182
(August 3, 2011)
 
In my view, the debt crises in the United States has in political terms, been manufactured and could have been avoided - President Obama could have exercised his presidential powers and skirted what has now become both a political and economic crisis - the debt issue is much like a balloon that is dangerously expanding in size and nobody wants to or knows how to release the pressure - what is particularly disturbing, the bill that has gone through Congress will not see any increases in government revenues through taxation and will see dramatic reductions in government expenditures, both drastically negative policies when it comes to avoiding or fighting a 9.2 percent unemployment rate or any  major recession that is likely to come.  The bill is even more disturbing in that it will not increase the number of jobs, an extremely important indicator to generate national confidence.  What the US political system has to do is start thinking in the NATIONAL interest rather than the CORPORATE interest.  Remember the United States is (at present) one of the largest markets in the world and when you add Europe and Canada to the mix, the collection of nations is a formidable market and a formidable political force that must be respected as nation-states rather than just regional markets by countries like China and India.