‘US financial crisis deeper than debt ceiling’ - VIDEO
Press TV has conducted an interview with Paul Craig Roberts, a former assistant secretary of the US Treasury from Atlanta, to share his opinions on the shutdown of the US government following the worsening economic situation in the country. Below you are presented with a rough transcription of the interview.
Press TV: First of allm, tell us what does this government shutdown in essence mean? Kind of a guide if you can be for us, for non-Americans, as to how many people are affected, what sections of the government, what departments, and if it is a partial shutdown how does that affect the US economy?
Roberts: Well, let me say, let me go to the most general level. What this shows is that the superpower, the exceptional country, the indispensable country is not even capable of governing itself and yet it claims to know what is best for Iran, for Iraq, for Afghanistan, for Somalia, for Libya, for Russia, for china, for the whole world and yet it cannot govern itself. Now this so-called debt ceiling crisis, that is not the real crisis, it would be resolved. In fact, if it is not, Obama under all of the directives that have concentrated power in the executive, doing the war on terror, he can simply declare a national emergency and raise the debt ceiling on his own account.
Paul Craig Roberts: The Real Crisis Is Not The Government Shutdown