Does Obama plan to bankrupt America?

President applying radical 1960s theory

obama teaching alinsky

Is Barack Obama consciously attempting to bankrupt the United States?

WND senior staff reporter Jerome R. Corsi, Ph.D., makes this claim in a new ebook just published, “Obama’s Plan to Bankrupt the USA: The Cloward-Piven Theory.”

On May 2, 1966, two Columbia University sociologists, Professor of Social Work Richard A. Cloward and his then-research associate Frances Fox Piven, wrote a pivotal article in The Nation, articulating “a strategy to end poverty.”

The solution to ending poverty, Cloward and Piven argued, required expanding the government welfare state beyond providing Social Security, Medicare, Medicaid, unemployment insurance and food stamps. They sought to establish a “guaranteed annual income” of at least $100,000 a year as a constitutional right.

Having concluded that a capitalist system would never apply capital fairly to fulfill the needs of workers, the two Columbia University-based sociologists concluded that a progressive strategy of voting ever-expanding social welfare programs could push the capitalist system to the breaking point.

Cloward and Piven, who later married, both taught sociology at the Columbia University School of Social Work when Obama was registered as an undergraduate student at Columbia.

Get Jerome R. Corsi’s “Obama’s Plan to Bankrupt the USA: The Cloward-Piven Theory” at WND’s Superstore

“Barack Obama and the radical left activists now in control of the Democratic Party see the Cloward-Piven theory as predicting a welfare state expanded to the point where the accumulated national debt bankrupts the USA,” Corsi said.

“The Cloward-Piven theory predicts capitalism will collapse such that the USA can be reconstructed as a truly socialist state dedicated to the elimination of private property and the creation of ‘social justice’ achieved by redistributing income from the ‘haves’ to the ‘have-nots.’”

Corsi’s new book is a companion to his ebook “Saul Alinsky: the Evil Genius Behind Obama.”

“Saul Alinsky’s tactics of power politics explain why Obama continually fans the flames of class warfare,” Corsi said.

“In his 2012 presidential campaign, Obama followed the Saul Alinsky playbook chapter and verse, campaigning on the theme to ‘tax the rich.’ When the accumulated U.S. debt causes a credit downgrade in Obama’s second term, Obama and the radical left will continue to blame capitalism and ‘the rich.’”

In the last stages of credit default and technical bankruptcy, the Cloward-Piven theory explains why Americans will abandon the U.S. Constitution in favor of establishing a socialist state.

“Understanding Obama’s plan to bankrupt the USA is essential to any plan to return the USA to financial solvency by reducing government spending and containing the expansion of the welfare state,” Corsi emphasized.

2 thoughts on “Does Obama plan to bankrupt America?

  1. What most of you dont realize its the very few wealthy in their elite club that is issuing orders to create a fascist police state. Its greed and control. The measures implemented by Obama is along the same lines Hitler imposed on his country. Dentention camps have ready been built. last count, 600 to 800 tbrough out the U.S. The government has had ordered thousands of cattle cars converted to hold its citizens captive to transport them to these sites which is under fema and home land security and operated by Halliburton. They will bankrult the economy aming the rich in all reality its the elite rich doing it. Once done then they will declare martial law issuing food and gas rationing cards. Then it will be door to door confiscating weapons. There has been repirts of thousands of guillitines delivered to a secret bas in Montana to ne used by the military to commit mass murder of the population.. The government is planning on chipping the rest of the population to control them. Its here. The plan is in place and its only a few months away before all hell breaks out. I hole that there is enough military tk realize any orders to fire on U.S. citizens only comes from the corrupt government in charge and will fight to up hold our constitution from being destroyed by the Hitler Obama in charge.

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