Wednesday Jun 01, 201108:10 PM GMT
'The vote against Obama's budget was merely political theatre'
Wed Jun 1, 2011 8:11PM
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Senators did not vote for President Obama's 2012 budget when it came up for a vote in the Senate Wednesday. Press TV's U.S. Desk asked Paul Craig Roberts, Former Assistant Secretary of the U.S. Treasury to comment on this issue.


Roberts said, "The vote against Obama's budget was merely political theatre. It does not mean anything. The Obama budget that was voted down, was the original budget of last February, however last month in April, Obama suggested major changes to the budget. The Democrats are working on the new budget but are not yet ready to submit it for a vote."


"All of the Republican budgets were voted down yesterday. In order to cover the embarrassment, the Republicans brought out the old Obama budget knowing that the democrats would vote against it because they have replaced it with the new budget that they are preparing. So it means nothing and it was merely political theatre."


The Republican budget proposal which was crafted by the Republican House Budget Chairman Paul Ryan would have turned Medicare into a private program but was rejected in the Senate.


Roberts said that the issue before the United States was its budget deficits which are projected indefinitely and are a major threat to its currency and to the role of the U.S. Dollar as World Reserve Currency.


Roberts continued that "the U.S. Dollar was a major source of American power and what the fight was, currently, was that many of the Republicans voted to continue the wars which are a threat to the Dollar because of the deficits they cause but to terminate healthcare for the American people, for the retired and the elderly, in order to pay for their wars."


"The democrats are not willing to pay for the wars by terminating Medicare, the health program for the elderly and the retired. I believe that this contest will be resolved in the next election and most likely, despite the unpopularity of Obama who has betrayed his constituents, voters will put the democrats back in power because they fear the Republicans, making them pay, by giving up healthcare for the Republicans' wars, so that issue will be settled in the next elections," he concluded. 




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