While President Obama is still discussing the issue of raising the 14.3 trillion dollar debt ceiling with lawmakers, raising the taxes of wealthy Americans seems not to be an issue. Instead, more cuts are expected for the social programs targeted to the poor. This is pretty much the case with Minnesota, where the government has been shut for more than a week now. There, the Republican-led legislature refuses to raise taxes on even the wealthiest two percent of people and Governor Mark Dayton, a Democrat, doesn't want to cut any programs. Gerald Celente, director of the Trends Research Institute, joins RT's Kristine Frazao to speak more on the matter.
July 7, 2011