The Republican Congressmen and Senators are playing an extremely dangerous game with their nation's finances. In their desire to defeat Barack Obama in 2012, they are pushing the issue of National Debt Ceiling to the brink.
If Congress does not approve an increase in country's debt ceiling by August 2,2011, United States Government will default on its debt obligations at the rate of $4 billion a day. The will result in lowering of US credit rating from AAA and no one will be willing to lend money to US Government unless there is a substantial increase in interest rates.
The interest rate hike will hit the already weak economy hard, pushing unemployment to double digits, the housing market will suffer a down turn like it has never been seen before. Already some 29 million homes are under water i.e. their mortgages are higher than market values, increase in mortgage defaults will bankrupt many US banks and unlike 2008, Uncle Sam will not be able to save them this time as Uncle Sam will itself be bankrupt.
Are the Republicans really this desperate to defeat Obama that they will sink the entire US ship? Many think they are playing brinkmanship and will come good at the last minute to avoid default. I hope they are right, because otherwise they have to be extremely despondent to do this to their own country.
The US default will also impact the World economy. The already suffering European economies of Greece, Ireland, Portugal and others will sink even further, resulting in a possible breakup of EU or the Euro as a single EU currency.
And why are Republicans not willing to increase the debt ceiling even once in Obama's three years, when they raised it no less than seven times in Bush's eight years? Apparently they want more tax cuts for the wealthy and oppose closing tax loopholes for big Corporations. They want to eliminate Medicare and cut Social Security for the poor. The American public knows well that the high debt is a Republican legacy from George Bush's ill planned wars and tax cuts cuts for the rich.
If a default occurs, Obama will probably take the high road and heap entire blame on Republicans and rather than winning the White House in 2012, Republicans could end up losing majority in the House and many Senate seats too.
In case of default, US voters have only themselves to blame for giving Republicans and Tea Party candidates a majority in the The House in 2010 despite George Bush's disastrous eight year Presidency.
Showing posts with label The White House. Show all posts
Showing posts with label The White House. Show all posts
Monday, July 18, 2011
Tuesday, June 1, 2010
US Capitualtes to Israel Again - Who runs the US Foreign Policy: AIPAC or the White House?
The Israeli attack on unarmed ships carrying relief goods for Gaza has been squarely condemned by Governments around the world, except the US Government, which has not had the courage to call a spade a spade.
Attacking ships in international waters is piracy under the international law. After this incidence, there is no difference between Somali pirates and Israeli forces attacking ships in international waters - except that Somali pirates don't usually kill.
It is appalling that US has blocked and watered down the UN Security Council resolution in a most shameful manner. Instead of a resolution condemning Israel's actions, it has tabled a watered down resolution that is utterly meaningless.
US also blocked efforts to call for an international investigation, instead it insisted on Israel holding the investigation. This is akin to asking a shooter who has just killed several people to head an investigation into his own actions!
Who controls the US foreign policy, the White House or Israel i.e. AIPAC. It is unfortunate that US has surrendered its sovereignty to Israel. Being the largest super power in the world, it has a moral duty to do the right thing - condemn what is wrong and applaud what is right. By taking a one sided position, it is lowering its stature in the world. Such actions are only likely to strengthen the hands of hate mongering terrorists, who propagate that US is not an honest broker.
Great nations do not surrender their sovereignty to other countries, history has shown us that nations who take unjust actions ultimately lose their power in the world.
Hillary Clinton, being in charge of US foreign policy should show grit and resign to demonstrate her unhappiness at the US foreign policy being hijacked from under her feet.
Attacking ships in international waters is piracy under the international law. After this incidence, there is no difference between Somali pirates and Israeli forces attacking ships in international waters - except that Somali pirates don't usually kill.
It is appalling that US has blocked and watered down the UN Security Council resolution in a most shameful manner. Instead of a resolution condemning Israel's actions, it has tabled a watered down resolution that is utterly meaningless.
US also blocked efforts to call for an international investigation, instead it insisted on Israel holding the investigation. This is akin to asking a shooter who has just killed several people to head an investigation into his own actions!
Who controls the US foreign policy, the White House or Israel i.e. AIPAC. It is unfortunate that US has surrendered its sovereignty to Israel. Being the largest super power in the world, it has a moral duty to do the right thing - condemn what is wrong and applaud what is right. By taking a one sided position, it is lowering its stature in the world. Such actions are only likely to strengthen the hands of hate mongering terrorists, who propagate that US is not an honest broker.
Great nations do not surrender their sovereignty to other countries, history has shown us that nations who take unjust actions ultimately lose their power in the world.
Hillary Clinton, being in charge of US foreign policy should show grit and resign to demonstrate her unhappiness at the US foreign policy being hijacked from under her feet.
Monday, March 1, 2010
PASS THE HEALTHCARE BILL ALREADY
President Obama and the Democratic leadership have allowed the Healthcare bill to linger far too long, it should have passed months ago. Republicans and Tea Party activists have been given far too much time to bash the bill in an effort to derail it.
It has been quite obvious all along that Republicans are NOT going to support it in any shape or form, then why waste time in trying to win them over. Their vested interests do not allow them to support anything that goes against the insurance company interests. Rumor has it, their re-election campaign coffers are filling up nicely through campaign contributions by vested interests. Apparently Republicans are not the only beneficiaries either, some Democrats opposed to the bill also seem to be receiving this bounty.
The Healthcare bill should now be passed immediately through a reconciliation process, which requires only 51 votes in the Senate. And yes, the Public Option should be kept in the bill as it is the responsibility of the Government to provide a good healthcare system. If insurance companies won't cover or are expensive, then the Government should step in to provide coverage to its citizens. Lessons should be learned from the Canadian public healthcare system.
Canada has most probably the best healthcare system in the world. The disinformation campaign against it in the US by vested interests and Senator McCain (him probably out of ignorance than malice) is utterly dishonest. Canadian public healthcare system covers every man, woman and child (very eloquently elaborated by William Shatner in the closing ceremonies last night). Healthcare is funded through taxes and no insurance premiums are required. All procedures recommended by doctors (except of course elective cosmetic surgery)are 100% covered and no co-payment is required. There may be a wait time for a minor surgeries, but major surgeries are attended to immediately. And NO, the Government does not have a say in who gets operated on, the Doctors do as they are completely independent in their decision making.
US Economy faces far more serious challenges than to allow Healthcare debate to occupy center stage for this long. It should have been off the table several months ago. President and his team need to focus on job creation, trade and budget deficits. He had an excellent campaign team that brought him to the White House, but many of these who became his advisers are green and not experienced in the way Washington works. He needs to bring in some experienced hands who can tackle the Senators and Congressmen, some of whom have been in DC for 30 years and know all the tricks to derail an Administration.
It is time to pass the Healthcare bill NOW.
It has been quite obvious all along that Republicans are NOT going to support it in any shape or form, then why waste time in trying to win them over. Their vested interests do not allow them to support anything that goes against the insurance company interests. Rumor has it, their re-election campaign coffers are filling up nicely through campaign contributions by vested interests. Apparently Republicans are not the only beneficiaries either, some Democrats opposed to the bill also seem to be receiving this bounty.
The Healthcare bill should now be passed immediately through a reconciliation process, which requires only 51 votes in the Senate. And yes, the Public Option should be kept in the bill as it is the responsibility of the Government to provide a good healthcare system. If insurance companies won't cover or are expensive, then the Government should step in to provide coverage to its citizens. Lessons should be learned from the Canadian public healthcare system.
Canada has most probably the best healthcare system in the world. The disinformation campaign against it in the US by vested interests and Senator McCain (him probably out of ignorance than malice) is utterly dishonest. Canadian public healthcare system covers every man, woman and child (very eloquently elaborated by William Shatner in the closing ceremonies last night). Healthcare is funded through taxes and no insurance premiums are required. All procedures recommended by doctors (except of course elective cosmetic surgery)are 100% covered and no co-payment is required. There may be a wait time for a minor surgeries, but major surgeries are attended to immediately. And NO, the Government does not have a say in who gets operated on, the Doctors do as they are completely independent in their decision making.
US Economy faces far more serious challenges than to allow Healthcare debate to occupy center stage for this long. It should have been off the table several months ago. President and his team need to focus on job creation, trade and budget deficits. He had an excellent campaign team that brought him to the White House, but many of these who became his advisers are green and not experienced in the way Washington works. He needs to bring in some experienced hands who can tackle the Senators and Congressmen, some of whom have been in DC for 30 years and know all the tricks to derail an Administration.
It is time to pass the Healthcare bill NOW.
Wednesday, May 13, 2009
PAKISTAN - GET ME MY COUNTRY BACK, DAMMIT
Pakistan is in turmoil. Its 170 million inhabitants are watching hopelessly as endemic corruption of its political leaders, fattened incompetent military Generals (through repeated military coups) and disastrous U.S. policies in the region are bringing the country down. A few thousand illiterate, bearded, terror infested bunch of mullahs are trying to threaten the very existence of the State.
A country with ample fresh water supply from its five rivers, an extensive canal irrigation system, fertile land, rich in food, fruit and with hard working people trying to make a better life for themselves should never be in this predicament.
Ever since its creation in 1947, incompetent and corrupt Pakistani leaders have surrendered its independence and sovereignty to the United States and the West. Pakistan's participation in contentious SEATO & CENTO defense facts caused it to be the target of Soviet Union. The US U2 spy flight flown by Garry Powers in the sixties originated from a Pakistani air base and was shot down by the Soviets, causing Nikita Khrushchev to threaten Pakistan (the famous shoe incidence at the United Nations).
The successive U.S. Administrations have supported military dictators in Pakistan. George W. Bush's mantra of spreading democracy sounded pretty hollow while he was busy supporting Musharraf. The U.S. Treasury claims to have given $10 billion to Musharraf regime, where has this money gone? The people of Pakistan have certainly not seen it, nor benefited from it, so when the US Senators & Congressmen repeat the $10 billion mantra, people of Pakistan laugh and wonder what the hell they are talking about!
Even the current political dispensation in Pakistan was structured in Washington under Condi Rice's conniving scheme. The late Benazir Bhutto and her husband Asif Ali Zardari faced a number of criminal corruption cases in courts in Pakistan, Switzerland and U.K, but once a deal was cut with Musharraf, suddenly all of the cases disappeared in thin air. Mr. Zardari now occupies the Presidency - albeit democratically elected.
Most of the damage to State of Pakistan has been caused by the aftermath of the 1979 Soviet invasion of Afghanistan. The prospect of Soviet Union controlling the Hormuz Straits, hence the world oil supply sent chills down Pentagon and White House spines. They came running to Pakistan to help them launch a proxy war to stop Soviets reaching the warm waters of Persian Gulf. Now the much maligned ISI of Pakistan became the corner stone of US policy as CIA knew little (if anything) about Afghanistan. With U.S. and Middle Eastern funding, Madrassahs were set up in Pakistan to indoctrinate/train Afghans and Pakistanis as Mujaheddin fighters, many of whom later became Taliban. Rumor has it that the current U.S. Defense Secretary, Bill Gates was involved in this effort and one of his charges was Osama bin Ladin.
No sooner had the Soviets retreated, the U.S. cut and ran leaving a fractured Afghanistan with no Government or political structures, a fragile Pakistan with three million Afghan refugees on its soil (one million Afghan refugees are camped in Pakistan) leaving behind thousands of stinger missiles and other weaponry in the hands of an undisciplined rag tag bunch of Mujaheddin. Not only did the U.S. leave Pakistan in peril, it also imposed economic sanctions on it leaving the country in a dire economic state.
Barack Obama and Hillary Clinton get it when they say "we are reaping what we sowed". No matter how good the intentions of U.S. leaders, people of Pakistan are reluctant to trust them again. They feel that U.S. does not have the stomach or the desire to resolve Afghan situation and it will cut and run in a couple of years leaving more turmoil behind.
The problem is that Afghan war is turning Pakistani Pashtuns into Taliban as they feel they are supporting their fellow Pashtun brethren in Afghanistan against foreign occupying forces. The increasing US drone attacks inside Pakistan are making the situation even worse as they feel Pakistan Government is complicit in these attacks and is therefore acting as an agent of United States.
The U.S. needs to change its Afghan policy and VERY SOON to pacify that country politically, not militarily. Karzai should be asked to bring all ethnic groups (including Pashtuns) to the table into a Government of national unity, so the healing can begin and foreign forces can leave.
In Pakistan, a huge development effort is needed in the two western provinces bordering Afghanistan. Economic opportunities need to be created, by a massive building program, schools, colleges, markets, roads, highways and airports need to be built to make the area more accessible. Young people need to taken out of madrassahs and enrolled in schools and colleges and they need jobs. Rather than spending hundreds of billions of dollars on war effort, a Martial type plan of (say) $30 billion would revolutionize this area into peace and prosperity within a few years. The Pashtuns are not looking to fight wars, except they have nothing else to do.
If the U.S. cannot do this to attain peace and prosperity in the region and to recompense Pakistan for the havoc wreaked by its policies, then I want it to get the hell out of the country and from that whole region.
Until recently the Pakistani public have been wondering, to what end has the country spent 50% of its budget each year on armed forces, so they can stage a coup from time to time and surrender Swat to rag tag mullahs? In fact there was even been a serious danger of military becoming irrelevant. But thank God the army has now taken the initiative to quell the self appointed sharia leaders of the region. And in this effort, the entire Pakistani nation is behind its military. General Kiyani is a serious man and so far he has set a good example of staying far away from politics. He needs to stay that way and focus on putting down the uprising once and for all. The mullahs may have the support of extremist elements, but not from a vast majority of 170 million Pakistanis. They want peace and prosperity for their country and want to put an end to past rivalries with neighbors. They want to turn their country into an economic powerhouse.
This is a defining moment for Pakistani politicians and its military. The politicians need to put aside their differences and come together to deliver what the people have elected them for - law and order, economic prosperity, health and education, peace and a great deal more. The Military needs to establish its writ over the rogue Taliban elements once and for all so they don't challenge the State of Pakistan ever again with their twisted brand of sharia law. GET ME MY COUNTRY BACK DAMMIT.
A country with ample fresh water supply from its five rivers, an extensive canal irrigation system, fertile land, rich in food, fruit and with hard working people trying to make a better life for themselves should never be in this predicament.
Ever since its creation in 1947, incompetent and corrupt Pakistani leaders have surrendered its independence and sovereignty to the United States and the West. Pakistan's participation in contentious SEATO & CENTO defense facts caused it to be the target of Soviet Union. The US U2 spy flight flown by Garry Powers in the sixties originated from a Pakistani air base and was shot down by the Soviets, causing Nikita Khrushchev to threaten Pakistan (the famous shoe incidence at the United Nations).
The successive U.S. Administrations have supported military dictators in Pakistan. George W. Bush's mantra of spreading democracy sounded pretty hollow while he was busy supporting Musharraf. The U.S. Treasury claims to have given $10 billion to Musharraf regime, where has this money gone? The people of Pakistan have certainly not seen it, nor benefited from it, so when the US Senators & Congressmen repeat the $10 billion mantra, people of Pakistan laugh and wonder what the hell they are talking about!
Even the current political dispensation in Pakistan was structured in Washington under Condi Rice's conniving scheme. The late Benazir Bhutto and her husband Asif Ali Zardari faced a number of criminal corruption cases in courts in Pakistan, Switzerland and U.K, but once a deal was cut with Musharraf, suddenly all of the cases disappeared in thin air. Mr. Zardari now occupies the Presidency - albeit democratically elected.
Most of the damage to State of Pakistan has been caused by the aftermath of the 1979 Soviet invasion of Afghanistan. The prospect of Soviet Union controlling the Hormuz Straits, hence the world oil supply sent chills down Pentagon and White House spines. They came running to Pakistan to help them launch a proxy war to stop Soviets reaching the warm waters of Persian Gulf. Now the much maligned ISI of Pakistan became the corner stone of US policy as CIA knew little (if anything) about Afghanistan. With U.S. and Middle Eastern funding, Madrassahs were set up in Pakistan to indoctrinate/train Afghans and Pakistanis as Mujaheddin fighters, many of whom later became Taliban. Rumor has it that the current U.S. Defense Secretary, Bill Gates was involved in this effort and one of his charges was Osama bin Ladin.
No sooner had the Soviets retreated, the U.S. cut and ran leaving a fractured Afghanistan with no Government or political structures, a fragile Pakistan with three million Afghan refugees on its soil (one million Afghan refugees are camped in Pakistan) leaving behind thousands of stinger missiles and other weaponry in the hands of an undisciplined rag tag bunch of Mujaheddin. Not only did the U.S. leave Pakistan in peril, it also imposed economic sanctions on it leaving the country in a dire economic state.
Barack Obama and Hillary Clinton get it when they say "we are reaping what we sowed". No matter how good the intentions of U.S. leaders, people of Pakistan are reluctant to trust them again. They feel that U.S. does not have the stomach or the desire to resolve Afghan situation and it will cut and run in a couple of years leaving more turmoil behind.
The problem is that Afghan war is turning Pakistani Pashtuns into Taliban as they feel they are supporting their fellow Pashtun brethren in Afghanistan against foreign occupying forces. The increasing US drone attacks inside Pakistan are making the situation even worse as they feel Pakistan Government is complicit in these attacks and is therefore acting as an agent of United States.
The U.S. needs to change its Afghan policy and VERY SOON to pacify that country politically, not militarily. Karzai should be asked to bring all ethnic groups (including Pashtuns) to the table into a Government of national unity, so the healing can begin and foreign forces can leave.
In Pakistan, a huge development effort is needed in the two western provinces bordering Afghanistan. Economic opportunities need to be created, by a massive building program, schools, colleges, markets, roads, highways and airports need to be built to make the area more accessible. Young people need to taken out of madrassahs and enrolled in schools and colleges and they need jobs. Rather than spending hundreds of billions of dollars on war effort, a Martial type plan of (say) $30 billion would revolutionize this area into peace and prosperity within a few years. The Pashtuns are not looking to fight wars, except they have nothing else to do.
If the U.S. cannot do this to attain peace and prosperity in the region and to recompense Pakistan for the havoc wreaked by its policies, then I want it to get the hell out of the country and from that whole region.
Until recently the Pakistani public have been wondering, to what end has the country spent 50% of its budget each year on armed forces, so they can stage a coup from time to time and surrender Swat to rag tag mullahs? In fact there was even been a serious danger of military becoming irrelevant. But thank God the army has now taken the initiative to quell the self appointed sharia leaders of the region. And in this effort, the entire Pakistani nation is behind its military. General Kiyani is a serious man and so far he has set a good example of staying far away from politics. He needs to stay that way and focus on putting down the uprising once and for all. The mullahs may have the support of extremist elements, but not from a vast majority of 170 million Pakistanis. They want peace and prosperity for their country and want to put an end to past rivalries with neighbors. They want to turn their country into an economic powerhouse.
This is a defining moment for Pakistani politicians and its military. The politicians need to put aside their differences and come together to deliver what the people have elected them for - law and order, economic prosperity, health and education, peace and a great deal more. The Military needs to establish its writ over the rogue Taliban elements once and for all so they don't challenge the State of Pakistan ever again with their twisted brand of sharia law. GET ME MY COUNTRY BACK DAMMIT.
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