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AndyGreek1

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The Shutdown of the U.S. Government and ‘Debt Default’: A Dress Rehearsal for the Privatization of the Federal State System?

Monday 14th October 2013 at 07:37

[127338]

‘The “shutdown” of the US government and the financial climax associated with a deadline date, leading to a possible “debt default” of the federal government is a money making undertaking for Wall Street.

Several overlapping political and economic agendas are unfolding. Is the shutdown –implying the furloughing of tens of thousands of public employees– a dress rehearsal for the eventual privatization of important components of the federal State system?

A staged default, bankruptcy and privatization is occurring in Detroit (with the active support of the Obama administration), whereby large corporations become the owners of municipal assets and infrastructure.

The important question: Could a process of “State bankruptcy” –which is currently afflicting local level governments across the land– realistically occur in the case of the central government of the United States of America?’

Read more: The Shutdown of the U.S. Government and 'Debt Default': A Dress Rehearsal for the Privatization of the Federal State System?


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