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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.

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