What Uncle Sam Has to Tell His Creditors By Paul Craig Roberts ... Our [international] creditors would like to preserve as much as possible the values of their trillions in US dollar assets. This is easier done if the dollar remains the reserve currency. Therefore, the US government has an opportunity to go to its creditors with a plan. This is what the plan must be: A declaration that repudiates the neoconservative goal to achieve US hegemony over the world; a budget that reduces annual US borrowing needs by several hundreds of billions by ending the Afghan and Iraq wars, by closing overseas military bases, and by cutting military spending; a new corporate tax system that brings back American jobs, manufacturing capability, and export potential by taxing US corporations’ worldwide profits according to the value-added in the US. ... Complete article at http://www.counterpunch.org/roberts11202008.html ___
Roberts is a Reagan conservative. Pretty good start on revamping the international financial order. What do pwogwessives have to add? Charles Andrews _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
