Bush, China, Two Deficits, and the Ongoing Decline of US Hegemony

Paul Street scrie in Dissident Voice:

"Bush has thrown the U.S. government deeply into the red by combining a massive trillion dollar tax cut for the rich with stupendous imperial "defense" expenditures sold to the populace on a shifting set of false pretenses that merged the imperial occupation of Iraq (a key Bush II project from day one) with something called "a war on terrorism." Boldly linking his twin imperatives of Empire and Inequality, Bush has used fear and deception to cover the gaping disconnect between (a) his claim that we are all united in a war for our shared survival and (b) his stupendous giveaways to the privileged few."