The LaRouche Plan
The Basement Project
As if the states don't already have enough difficulties, a proposal floated by the Obama Administration in deficit reduction/debt ceiling talks with the Republican legislators, would virtually eliminate Medicaid and the State Children's Health Insurance Program (SCHIP).
Emergency consultations are under way in 20 state capitals around the United States, in hopes of coming up with budgets by hook or by crook, by July 1. In Minnesota, Democratic Gov. Mark Dayton is "locked" in a room with Republican legislators who control the legislature, because he won't agree to a budget without tax increases. Similarly, California Gov.
While everyone is reporting that a "new" bailout of EU120 billion was agreed at Thursday night's euro summit, the devil is in the details—and there are no details. In fact, nothing will be decided until the Greek parliament passes the interim austerity plan of an additional EU28 billion—a vote now scheduled for June 30.
President Obama's violation of the U.S. Constitutions's requirement that only Congress can declare war, as well as his violation of the War Powers Resolution, the law intended to implement that Constitutional requirement, was attacked by many speakers during today's House debate on Obama's Libya war. For example:
Since it is inevitable that the current U.S. President Barack Obama has no chance of being re-elected under what might be called a "democratic election-process,"...
The euro debt crash showed a new face earlier this week: U.S. money-market mutual funds demanded that Congress get a new bailout ready—which could involve $1 trillion—in case they develop another wildfire systemic run as in post-Lehman September 2008.
After a two-day meeting in Paris, the Group of 20 agriculture ministers agreed on an "Action Plan of Food Price Volatility and Agriculture" to be submitted to the G20 summit in November in Cannes. The 24-page plan is not just an impotent list of good intentions—as some media claim—but a new blueprint to continue genocide.
In line with Lyndon LaRouche's latest political and economic forecast, the state of New Jersey has now entered into a new phase of mass-strike protest, being accelerated by its projected 36% budget shortfall.
By a more than 2-to-1 margin, the House of Representatives today rejected a resolution authorizing the use of force in Libya. This leaves President Obama totally exposed, since he is in violation of the Constitution's mandate that only Congress can declare war, and in violation of the War Powers Resolution that requires a President to withdraw U.S.