War, Oil and Empire

RICHARD WOLFF: And we all know that higher interest rates, especially if prices go up, are an environment that is going to make the affordability problem, which is the only plank the Democratic Party has figured out to offer the people, is going to make it very powerful over the next six months and make a desperate government even more desperate than it has been as the financial impossibility of its… and nor do I see anything. Michael [Hudson] should correct me if I’m wrong, but I don’t see anything on the horizon that’s going to step in here. Are they going to forego their military buildup when they’re in a new war and they admitted they needed 600 billion more? They’re going to say, well, we won’t be able to do it. What kind of message does that send? And if they’re not willing to forego it, and if they don’t want to have higher interest rates, then the only way will be to cut back on social programs here in the United States. And we will have another crazy Elon Musk Doge experiment in the year ahead. And that’s not politically sustainable anymore either.