The biggest winner from the U.S. government shutdown and near credit default may be China as it pushes for a “de-Americanized” world economy, a future on display in a dazzling Shanghai, writes Beverly Deepe Keever from Shanghai.
If U.S. budget gridlock had not ground rational thought to a standstill, creative options for revising the tax code might be possible, such as a tax on stock transactions to raise money and discourage micro-second trades. Another option would be a toll tax on money movement, as ex-prosecutor William John Cox suggests.
Neocons won’t give up on involving the U.S. in more Mideast wars and are hard at work derailing negotiations on Syria and Iran’s nuclear program. Right now, the chief target is President Obama’s bid to reduce tensions with Iran, drawing resistance from hardliners on both sides, writes ex-CIA analyst Paul R. Pillar.
The current crisis of American democracy centers on the craziness that has engulfed the Republican Party, once considered home of the responsible “adults” but now more like an island controlled by nasty and destructive adolescents, as Beverly Bandler explains.