Debt crisis worsens as deadline looms

http://rt.com/usa/news/debt-deadline-doshi-spending/

“I think that this is all show,” says Mani Capital President Raj Doshi. He recalls House Speaker John Bohener speaking out against an increase in the debt ceiling, only to urge a cut with President Obama weeks later. Rather than attempting to accomplish anything, Doshi says this is just the latest act in a showing of political theatre.
Despite the White House's warning that we could default for the first time in United States history, Doshi says spending cuts don’t look promising. When asked if they could come from the Department of Defense, Doshi says, “Absolutely not,” adding that Obama’s continual bypassing of Congress and manipulation of NATO is keeping America in five incredibly costly wars.

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