In a past article titled “Obama’s Plan to Bankrupt the USA: The Cloward-Piven Theory,” WND senior staff reporter Jerome R. Corsi, Ph.D., makes the bold claim that former President Barack Obama is consciously working towards bankrupting the United States. The basis of this assertion lies in the controversial Cloward-Piven theory, a strategy outlined by two Columbia University sociologists in 1966.
According to Corsi, the theory, devised by Professor Richard A. Cloward and his research associate Frances Fox Piven, proposes a strategy to end poverty by expanding the government welfare state beyond existing programs like Social Security, Medicare, Medicaid, unemployment insurance, and food stamps. The ultimate goal, as per Cloward and Piven, was to establish a “guaranteed annual income” of at least $100,000 a year as a constitutional right.
The sociologists, who were associated with Columbia University when Obama was an undergraduate student there, argued that a progressive strategy involving the continuous expansion of social welfare programs could push the capitalist system to its breaking point. They believed that the capitalist system would never fairly distribute capital to fulfill the needs of workers.
Corsi suggests that Obama and the current radical left activists in control of the Democratic Party view the Cloward-Piven theory as predicting the expansion of the welfare state to a point where the accumulated national debt would lead to the bankruptcy of the USA. According to Corsi, the theory predicts that capitalism will collapse, paving the way for the reconstruction of the country as a truly socialist state focused on eliminating private property and achieving ‘social justice’ through income redistribution.
This controversial narrative is not new for Corsi, who previously authored an ebook titled “Saul Alinsky: the Evil Genius Behind Obama.” In his new book, Corsi ties Saul Alinsky’s tactics of power politics to Obama’s alleged plan, asserting that Obama continually stokes class warfare. Corsi claims that during Obama’s 2012 presidential campaign, he followed Alinsky’s playbook by campaigning on the theme to ‘tax the rich.’
Corsi predicts that if the accumulated U.S. debt leads to a credit downgrade during Obama’s second term, he and the radical left will continue to blame capitalism and the wealthy. According to the Cloward-Piven theory, as the country reaches the last stages of credit default and technical bankruptcy, Americans would abandon the U.S. Constitution in favor of establishing a socialist state.
Corsi concludes that understanding Obama’s alleged plan to bankrupt the USA is crucial for any strategy aimed at returning the country to financial solvency. He emphasizes the need to reduce government spending and contain the expansion of the welfare state to achieve this goal.
It’s important to note that Corsi’s claims are highly controversial and lack widespread acceptance. Critics argue that these theories may oversimplify complex economic and political issues. Additionally, the article does not provide counterarguments or perspectives from opposing views, leaving readers with a one-sided narrative.