PAUL CRAIG ROBERTS: Obama Raises American Hypocrisy To A Higher Level

http://www.informationclearinghouse.info/article27783.htm

The Bush/Cheney/Obama wars of naked aggression have bankrupted America. Joseph Stiglitz, former chairman of the President’s Council of Economic Advisers, concluded that the money wasted on the Iraq war could have been used to fix America’s Social Security problem for half a century. http://www.guardian.co.uk/world/2008/feb/28/iraq.afghanistan Instead, the money was used to boost the obscene profits of the armament industry.
The obscene wars of aggression, the obscene profits of the offshoring corporations, and the obscene bailouts of the rich financial gangsters have left the American public with
annual budget deficits of approximately $1.5 trillion. These deficits are being covered by printing money. Sooner or later, the printing presses will cause the US dollar to collapse and domestic inflation to explode. Social Security benefits will be wiped out by inflation rising more rapidly than the cost-of-living adjustments. If America survives, no one will be left but the mega-rich. Unless there is a violent revolution.