"The Bankrupt State"

Here is my blog entry from Tuesday, September 23, 2008

enter "The Bankrupt State"

There is a little known plan created by the Neo-conservative think tanks called "The Bankrupt State." The plan is to get control of the government, with a Republican President and Congress, and then spend the federal government into bankruptcy. It doesn't matter what they spend the money on—though of course they want to channel as much of the money as they can into the pockets of their political supporters—it only matters that they essentially bankrupt the government by creating an enormous national debt. This plan was carried out under Reagan, Bush, & Bush II.

The point of this plan is to so hobble the federal government with debt that it will have to focus on essential functions of government. Other needs, like the environment, social services, oversight of corporations, social justice will not be funded. The big corporations--who support the Republicans—are especially concerned to stop investigations of corporate corruption. Recently it was disclosed that the Justice Dept. is actively investigating only 10% of major corporate crimes. Of that 10% only a tiny fraction will ever go to trial.

The administration of George W. Bush has pursued this plan with a vengeance. This is the primary reason we went to war with Iraq. The quickest way to spend money is on a war. The Bush administration has squandered many billions in Iraq and much of this money went into the pockets of Defense contractors and Bush's (and especially Cheney's) political friends. It is in the best interests of Bush's friends to prolong the war in Iraq for as long as possible, in order to squeeze every last nickel out of the war contracts. So don't look for an end to the war anytime soon. If the Democrats do get control of the House or Senate, look for Bush to block any investigation of war profiteering in the name of "national security."

 

Here is a revised and updated version from 9/15/11

Most people view the Bush administration as a failure. But, in fact, his was one of the most successful presidents in history-- from the point of view of his neo-con buddies.

There is a little known plan created by the Neo-conservative think tanks called "The Bankrupt State." The plan is to get control of the government, with a Republican President and Congress, and then spend the federal government into bankruptcy. It doesn't matter what they spend the money on—though of course they want to channel as much of the money as they can into the pockets of their political supporters—it only matters that they essentially bankrupt the government by creating an enormous national debt. This plan was carried out under Reagan, Bush, & Bush II. Right-wing pundits call this "starving the beast."

The point of this plan is to so hobble the federal government with debt that it will have to focus on essential functions of government. Other needs, like the environment, social services, oversight of corporations, health care, public education (K-12 and Higher Ed), federal highway construction, and social justice will not be funded.

In addition to presiding over this collapse of the federal government, a second goal is to collapse the Middle Class. The Elites have decided that the U.S. no longer needs a Middle Class to act as a buffer against an uprising of the lower classes. With media consolidation (almost all media outlets owned and controlled by less than a dozen corporations) the Elite can control this country without a Middle Class. Fox News is a favorite of the Corporate Elite in large part because of its lower middle-class audience and its focus on blaming the government instead of the corporations.

In the process, the Elites are presiding over the greatest transfer of wealth in history, by forcing the Middle Class into 401k retirement plans, and then collapsing the stock market. This inflating and collapsing of the Market will happen over and over again, as more and more money is siphoned off into the pockets of the Elites who can influence and predict the Market's ups and downs.

Then, to top it off (icing on the cake) they get to use these economic collapses as an excuse to funnel even more billions and billions into the multinational banks and corporations through tax breaks and incentives....

Lovely ....

The Congress and Corporate Media are currently hyping the "Debt Ceiling Crisis" as the next step in implementing the Shock Doctrine and trying to further destroy the Middle Class in America. The big banks and corporations have already positioned themselves to exploit this phony crisis.

The two parties will struggle for a few days to place blame on each other, but they are committed to undermining the Middle Class while shoveling money into the pockets of the wealthy oligarchs.

 

And here is a further update (Feb 27, 2013) :

It looks like the next step of the overall plan in now going into place.  Using the economic and political techniques set forth in Naomi Klein’s The Shock Doctrine, the ruling establishment has continued in its goal of politically and economically dominating this country.

The plan of outsourcing jobs to China has pretty much run its course. It was part of the overall plan to weaken and destabilize the Middle Class, to damage public and private unions, and to defund and marginalize any groups that might oppose the bigger plan.

The bigger plan is to depopulate and “hollow out” the Midwest until the only things left are corporate farms, feedlots, commercial forests and coal mines. The Northeast and Southern California will be spared most of this planned economic collapse, but only because that’s where the wealthy want to live—and you don’t crap in your own back yard.

Right now the state governments in Wisconsin, Michigan, Ohio, Kansas, Louisiana, etc., etc., are working to decimate the Middle Class in these states, as part of the overall plan to transform the Ohio & Mississippi Valley Regions into something resembling a 3rd world economic system.