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In reality, the raising the debt ceiling has been finished for 100 years routinely. And I’m saying to myself, we’ve already been via a financial Armageddon for the last couple of years, and now they’re immediately saying that, on this date, if this stuff is not handed, if a deal will not be reached, instantly your complete world financial system will likely be below severe pressure. They’re pushing for a crisis to let Mr. Obama rush via the Republican plan. JUAN GONZALEZ: Now, let me ask you about the $3 trillion deal that no one yet is aware of the specifics of, however we’re already getting the outlines of it leaked little by little. JUAN GONZALEZ: The connections, if any, between what’s going on in Greece and Europe and the battle we’re having here? JUAN GONZALEZ: You know, I wished to ask you particularly about that, because every time you activate the Tv now or you read a mainstream newspaper, there are all of these quotations from Moody’s and this ranking agency and this skilled that August 2nd can be a financial Armageddon for the nation. Read our full Caesars Palace Online Casino assessment. However, to get the deal that's presented you will most likely need to click on via from this web page or our casino overview page that is linked to the NDB provide. As a congressional staffer within the 1980s, he helped negotiate the deal between President Reagan and Tip O’Neill to avoid wasting Social Safety.
However the deal is coming under fire from both congressional Democrats and Republicans. Fine, let the Democrats and Republicans do it underneath non-crisis conditions. And Wall Street doesn’t like actual crises, so there’s an artificial non-crisis that Obama is treating as a disaster so that he can put forth the suggestions of the Deficit Reduction Commission to do away with Social Security that he has supported all alongside. AMY GOODMAN: That’s Jack Lew responding to Bernie Sanders, who, when President Obama announced his nomination of treasury secretary-to treasury secretary of Jack Lew, Senator Sanders stated, “We don’t need a treasury secretary who thinks that Wall Road deregulation was not accountable for the financial crisis.” Professor Black? He believes in trickle-down economics. Obama actually believes in trickle-down economics. MICHAEL HUDSON: Yes. That’s what he believes in. Now we have a former derivatives trader; that’s Caitlin. On Thursday, Obama tapped his own chief of staff, Jack Lew, to exchange Timothy Geithner. I think it’s-the symbolism of this choice is, I feel, crucial for people, just the mere truth of picking somebody from Citigroup and from that same Bob Rubin nexus that Timothy Geithner got here from. So I think it’s-the selection of any individual from that particular firm is fraught with pretty upsetting symbolism for the nation, I believe.
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