Every year for at least the past eight years, the issue of raising the “debt ceiling”, i.e., the legal limit on how much the government may borrow, has given rise to an acrimonious and increasingly partisan battle in the U.S. Congress. This year was shaping up as no exception, as the Treasury Department announced that the debt ceiling would be reached in September. The Republican hardliners were refusing to raise that ceiling and threatening a government shutdown, if the Democrats rejected the significant spending cuts they demanded.
All the recent so-called natural disasters in the United States could have been avoided for a cost far below what is/was needed to rebuild. But the “Wall Street system” prohibits investments in infrastructure. That issue was addressed by the LaRouche Political Action Committee in an Aug. 31 statement, excerpted below.