The Great Cyprus Bank Robbery

by Salvatore Babones, inequality.org

salvatoreBabonesCyprus is the latest European country to face a budget and banking crisis.  Its deregulated banks have accumulated huge losses and now face imminent bankruptcy.

Like the United States government, the government of Cyprus guarantees most bank deposits against losses.  So a failure of Cyprus’s banks would result in a budget crisis for the government as well.

While it is easy to fault Cyprus for its failed policies, let’s not forget that the banking system of the United States of America collapsed five years ago.  Little Cyprus (population 840,000) held out five years longer than the richest and most powerful country in the world.

What’s more, Cypriot banks have failed because they have engaged in all the risky business practices that US banks taught them.  On top of that they implemented a US-style regime of self-regulation.

As a result, it’s no surprise that Bank of Cyprus is now going the way of Citibank.  The surprise is that it took so long.

Unfortunately, the Cypriot government and the European Union are also following the US policy of bailing out their banks, letting managers and bondholders get off scot free.

To make bank depositors pay for a bank bailout is sheer robbery.  There is no other word for it.

In the US it was the taxpayers who paid the bill.  In Cyprus, though, many of the bank depositors are actually foreign (rumored to be Russian).  So in Cyprus they plan to make the depositors pay.

Like the United States, European Union countries provide guarantees to bank depositors.  In Cyprus your first 100,000 Euros are guaranteed against losses if your bank goes bankrupt.

Any deposits over 100,000 Euros are theoretically at risk, but there’s a clear legal hierarchy of who takes losses and who gets paid.  First the bank’s owners get wiped out.  After all, they’re the ones who racked up the losses that bust the bank.

Next the bondholders — the professional investors who lent money to the bank itself — take their losses.  Then, only after the pros have been wiped out, do the amateurs — the depositors — lose any money.
That’s the theory of what happens when a bank goes bankrupt.  Except that Cyprus’s banks are not going bankrupt.

To prevent a bankruptcy, the European Union wants the government of Cyprus to declare a one-time tax on bank deposits.

That’s right.  If the government takes 20% of your deposited funds and uses the money to bail out your bank, your bank won’t go bankrupt and your deposits won’t be at risk.  Of course, you’ll have only 80% of your money, but technically your 80% is still perfectly safe and guaranteed by government deposit insurance. In other words, it’s the Great Cyprus Bank Robbery.

No doubt Cyprus has made many mistakes in its bank regulations and policies.  But anyone who thinks that a country of 840,000 is making up its own policies is crazy.  Cyprus has implemented the policies that the US and EU have recommended for it.

Now that Cyprus’s banks are in trouble, the EU is demanding that Cyprus bail out its banks — and make the depositors pay for the bailout.  It’s no mystery why.  Most of the bondholders who lent to Cyprus’s banks are banks in other European countries.

Cyprus should let its banks fail, then see where the chips fall.  Depositors should be protected as much as possible.  Ultimately, if there are deposit insurance bills to pay, the government should pay for them.  If that means higher taxes, so be it.

But to make bank depositors pay for a bank bailout is sheer robbery.  There is no other word for it.  A lawyer may argue that legally it is a preemptive tax, but morally it is robbery all the same.

ABOUT THE AUTHOR

Salvatore Babones is a senior lecturer in sociology and social policy at the University of Sydney and an associate fellow at the Institute for Policy Studies (IPS). He holds both a master’s degree in statistics and a Ph.D. in sociology from the Johns Hopkins University. Before moving to Australia in 2008, he worked in financial risk management and taught sociology and statistics at several universities in the United States. You can find out more about Dr. Babones at his personal website, SalvatoreBabones.com.




Ten Seldom Posed Progressive Demands for the Propertyless

The   B u l l e t  

Socialist Project • E-Bulletin No. 788

Socialist Project - home

And now for something completely different… The global economic crisis is into its sixth year. Every few months a new report details the continued growth in inequality between the haves and have-nots. There seems to be no stopping the voracious 1% as they rampage across the globe dispossessing and accumulating wealth and power. But we, the 99%, are fighting back; organizing to reclaim what is rightfully ours. Two steps forward, one step back, historic struggles are being waged worldwide for freedom and justice. In the following lively ten-point ‘rant-ifesto’ that draws on lessons offered by, among other things, Game of ThronesScarface, and Bertolt Brecht, the German novelist and critic Dietmar Dath offers some unconventional insights and advice on what is, and what is not to be done.

For Those to Whom the World Does Not Belong

Ten Seldom Posed
Progressive Demands for the Propertyless

Dietmar Dath

(Terminology: ‘property,’ does not mean that someone owns a pair of trousers, a car, a dildo or a frozen pizza. Property is meant only in the politically relevant sense of the word, where I have something at my disposal that compels others to bend over, to be pushed around, or to buck and bow, so that I can live as I do. If I own land, houses or apartments where someone wants to live or cultivate land, then they must surrender a portion of their wages, salary or something similar to me. If I own capital, I let it work for me; that is to say, I appropriate the labour of others for myself. Whoever does not like the use of such language should take it up with Karl Marx; he’s resting in peace and has time for such trifles.)

First: Please do not always appoint the Property-owners, that is, the opposing party in the struggle to end exploitation, oppression, marginalization, discrimination and human brutishness, as the arbitrating authority to determine whether and how a round in the struggle is won or not!

Explanation: In the first season of the excellent television fantasy series Game of Thrones, based on the eponymous novels by George R.R. Marin, the rebels succeed in capturing a son from the rich and powerful family of oppressors, the Lannisters. The captured man appeals to the honour of the insurgents and demands that one of their ringleaders engage him in a duel. The rebels know that the money, the leisure time and work schedule of a rich son allows him to afford superb training as a swordsman. The rebels are not daft and graciously reject the testosterone infused proposal. The lad remains a prisoner for future strategic use.

Second: The pathetically bogus argument that bold and progressive social projects, such as gender equality, the dissolution of hetero-normativity, the smashing of racism, a socialism not surrounded by threatening enemies, world peace, or soccer nights without hooligans, are not feasible because such things have never existed before, must be thoroughly ridiculed!

Explanation: Just who are these imbeciles who come up with these notions? It is only in regard to the most drab, the most uninteresting shit that one can say: it already existed. Every fabulous painting or song, every minimally interesting text, every horizon broadening scientific discovery had previously never existed. And every human being that enters into this world is born for the very first time. There is no precedence for beauty, justice and truth.

Third: Please never forget that the Property-owners and their propaganda apparatuses in principle have no understanding of history, and only act as if they do so when they fear their own disappearance in the course of historical transformation!

Explanation: Whenever, bit by bit, the thumbscrews get too tight on the Propertyless, and for instance, the elimination of healthcare, the destruction of egalitarian and public education, or related dirty tricks lead to discontent, the newspapers, radio, television, internet and all the other institutions of propaganda dissemination of the Property-owners explain to us how appalling Stalin, the GDR, the RAF, the Weather Underground, and the Maoist and Trotskyist groups were. But the newspaper, radio, television and all the other institutions of propaganda dissemination of the Property-owners have no clue what or who Stalin, the GDR, the RAF, the Weather Underground, and the Maoists and Trotskyist groups were, because they lack all interest in learning about them. Only we ourselves can find out about all of that; the Property-owners are not concerned about what is to be learned from all that.

Fourth: Be absolutely careful that your own frustrations and shortcomings do not mislead you into hating the other Propertyless or those who are otherwise lacking in influence!

Explanation: I know one critical academic – horrendously bloated and squishy from junk food – who the other day, during a break for reflection between the academic day shift and the academic night shift, bickered bitterly for half an hour to a spiteful and haggard female marketing expert friend from the art world, that at academic conferences on the question of jurisprudence, modern marriage, love and sexuality, all the talk is increasingly about homosexuals; but lately also, and with more vehemence, about people who call themselves ‘transgendered.’ “They’ve had operations and what not,” the academic railed and could hardly contain himself, for he was so disturbed by the supposed “quibbling over some peculiarities of sexual orientation or unusualness.” Unfortunately, I coincidently know that the spouse of this critical academic – who as a sports journalist knows bodies quite well – occasionally complains to his colleagues in confidence that he is frightfully letting himself go and should visit a gym every now and then. Some things are as horrible as they are easy to explain.

Fifth: Never, nowhere, and under absolutely no circumstances should the Propertyless accept the criteria for productivity of the Property-owners!

Explanation: The world has known since Marx’s time that under the rule of the Property-owners the most destructive nonsense is considered to be productive activity as long as it yields a profit. The world already suspected as much even before Marx. Since then the game has only gotten worse and more perverse. Capitalism necessitates the performance of ever more jobs and activities – you can see it daily on the street, in offices and even on the Web – that are not rational even by its standards. And conversely, the only reason a residue of the commonwealth remains is because there are still enough people for the time being, who dedicate themselves to the unprofitable arts that are vital for its preservation. It’s time that this nonsense stops.

Sixth: In case Property-owners demand, as it occasionally occurs to them for the most varied of reasons and occasions, some kind of information from the Propertyless – instead of mere subservience, toil and contentment – this should be strictly answered only with the most devious, contradictory and incomprehensible lies! Because they particularly like to believe these.

Explanation: Brecht tells of his Herr Keuner who was asked to renounce violence. In the face of violence Herr Keuner naturally spoke out in favour of violence and later explained this prudent choice with the comment that his backbone did not exist to be broken. The great feminist poet Joanna Russ put it more simply: “Don’t break your cover.”

Seventh: As much as is humanly possible should be learned about those who, in the struggle to end exploitation, oppression, marginalization, discrimination and human brutishness, have lost all manner of comforts, prospects, happiness, health or their lives. This is the only possibility for the Propertyless to respect those individuals and hence simultaneously themselves.

Explanation: Who was the British composer who fought against racism, but on one winter night was run down by a car? Who was the German journalist who tried to help orphanage children and was found hanging in her prison cell? Who was the North African refugee who drowned in a sea illuminated by the searchlights of the coast guard? Who is to blame?

Eighth: Whomever struggles with other exploited, oppressed, marginalized, discriminated and repugnantly treated persons, against the common enemy, should respect the diversity of aims and means and not insist on the supremacy of their own, unless the struggle is going to be thus lost.

Explanation: It is neuroanatomically quite difficult to tickle oneself. When we tickle our own foot with our own hand, our brain already knows the score and does not find it amusing. The drug dealer Scarface put it much simpler: “Don’t get high on your own supply.”

Nine: Programmes, strategies and tactics for the radical transformation of the corrupt existing order, which need to be completely finalized before the revolution is a success, belong in the recycling bin, not on the order of business.

Explanation: The end products of a metabolism make poor ingredients for a recipe.

Ten: The Propertyless should regard envy as a severe mental disturbance that strengthens instead of weakens the system in which people are sorted as Property-owners and the Propertyless. What should be struggled against is not the existing material wealth of the Property-owners, but control over the potential wealth of all by the few.

Explanation: The actress Kristen Steward earned $34.5-million between May 2011 and May 2012; Cameron Diaz earned $34-million and Sandra Bullock $25-million in the same time period. Taking this money away from them doesn’t bring humanity any closer to freedom and justice. •

ABOUT THE AUTHOR

Dietmar Dath was born in 1970 in Rheinfelden, Germany. He studied physics and literature in Freiburg. He was editor of the music magazine Spex and from 2001 until 2007 was culture editor of the newspaper Frankfurter Allgemeine Zeitung. He has published several novels, plays, a biography of Rosa Luxemburg, as well as the theoretical tract: Maschinenwinter (Machine Winter: Knowledge, Technology, Socialism). His novel, The Abolition of Species, will be published this spring by Seagull Books.

This article originally appeared in Prager Frühling (Prague Spring: Magazine for Freedom and Socialism). Translation by Sam Putinja.

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#1 mathyeti 2013-03-22 14:36 EDT
Ten Seldom Posed Progressive Demands for the Propertyless



Unmasking re-emergent proto-fascist populism in Italy

The political significance of Beppe Grillo’s Five-Star Movement

The success of Beppe Grillo’s Five Star Movement in the recent Italian election is a development requiring attentive examination.

By Marc Wells and Peter Schwarz. wsws.org

The MoVimento 5 Stelle (M5S), founded in 2009, won a quarter of the popular vote in its first ever participation in a federal election and is the biggest single party in the House of Representatives.

Beppe Grillo—former comedian, now supposedly a new tribune of the people.  Is he a rightwing populist with sinister overtones, or a Huey Long type with genuine feelings for the masses? The man remains a bit of an enigma.

Beppe Grillo—former comedian, now supposedly a new tribune of the people. Is he a rightwing populist with sinister overtones, or a Huey Long type with genuine feelings for the masses?  His program leaves few doubts as to his true allegiance. —Eds

Layers of the working and middle classes voted for M5S to express their opposition to austerity measures imposed by the European Union (EU) and the government of Prime Minister Mario Monti. However, Grillo’s program stands in stark contrast with the class interests of those who fell victim to his populist appeals. They will soon confront the reality of his reactionary, right-wing program.

To understand Grillo’s rise, one must take account of two things: the deep crisis of Italian and European capitalism and the complete bankruptcy of the traditional “left” parties.

Europe’s ruling elite has passed the full burden of the 2008 financial crisis onto the working population through austerity policies which have devastated Italy. Industrial production fell by 5.4 percent in just one year under the government of Mario Monti, who took over power at the end of 2011, representing the international banks. Monti’s government increased the retirement age, eliminated workers’ rights and imposed high taxes on working people and the middle class. Unemployment has risen from 8 to 11 percent and, amongst young people, from 30 to 37 percent. The number of those living in poverty rose from 9 to 10 million, in a country of 60 million people.

The successor organisations of the formerly influential Italian Communist Party (PCI) offered no opposition to Monti’s policies. On the contrary, the Democratic Party of Pier Luigi Bersani was Monti’s most important and reliable ally. Since the Italian party system imploded 20 years ago in a flood of corruption scandals, the PCI’s successors have repeatedly supported technocratic governments which have launched massive attacks on the working class.

Communist Refoundation (PRC), which also had its roots in the Communist Party, integrated the entire pseudo-left petty bourgeois milieu in its ranks and played an even more despicable role. Describing itself as a left alternative to the Democrats, it regularly ensured that their anti-working class policies received the required parliamentary majority. It discredited itself in 2006 by entering the government of Romano Prodi, a forerunner of Monti.

Grillo has pushed forward to fill the political vacuum left behind by the Democrats and PRC. He exploited the anger, disgust and frustration with the political establishment and the European Union for his own ends.

Grillo’s constituency is of a very heterogeneous social composition. Alongside with middle and upper middle class elements, sections of working class voters who typically identified with the “left” were lured in by rhetoric attacking the entire political establishment.
______________________________________________________________
Editor’s Note:
Basta, basta!
 The people everywhere are desperate. Italians, too. In this context, Grillo is clearly a malignant and ambitious buffoon being used by the international bourgeoisie to disrupt and roll back the working class’ coalescing counteroffensive. His rallying cries avoid class definitions, while packing some criticism of the rich, a typical Fascistoid ruse.   He capitalizes on the sense of despair, exhaustion, even nausea, experienced by many after decades, even centuries, of corrupt, decadent bourgeois rule. A look at the forces that support the Grillo phenomenon leave no doubt as to their reactionary origin.  And in an important sense Grillo is also one of the country-specific approaches being used by the capitalist to test “solutions” to the global crisis they themselves have created.—PG
_______________________________________________________________

M5S was particularly successful among the 20 and 30 age group, known in Italy as “Generation 1,000 euros” and internationally referred to as the “precariat.” These are well educated young people who, after graduating from university have to get by working in internships, temporary jobs or with short-term contracts, earning no more than 1,000 Euros per month and with no prospect of a stable, decent-paying job.

M5S’ 160 senators and parliamentarians mostly hail from this milieu. Their average age is 37, almost 20 years lower than the rest of parliament. The percentage of academics, at 90 percent, is unusually high.

The programme of M5S

Grillo strongly appealed to these young, well-educated layers. His fierce attacks on the corruption of the whole political class resonated with generations whose entire experience with Italy’s political parties—including the so-called “left”—is that they served as ruthless defenders of big business.

Many of the demands of M5S are borrowed from petty-bourgeois protest movements appealing to students and academics, such as the environmental, Occupy and Pirate movements. M5S calls for a more ecologically-friendly energy policy and for measures to cut CO2 emissions. It has demanded a halt to major projects such as the bridge from the mainland to Sicily, and the Turin-Lyon high-speed rail line. It wants to penalise the use of motorised private transport in towns and to expand provisions for cyclists and public transport.

The real centrepiece of its programme, its economic policy, however, is unmistakably right-wing. Under the guise of a struggle against corruption, monopolies and bureaucracy, it calls for an historic assault against workers and the entire framework of the postwar welfare state. While M5S claims to oppose the corrupt political class, its target is the social gains of the Italian working class.

In the name of cutting waste and eliminating red tape, hundreds of thousands of public sector jobs are to be cut. M5S proposes to simply do away with all the provinces and eliminate municipalities with less than 5,000 residents.

To prepare the way for further deregulation and privatisation, state regulatory bodies would be removed. In education, the demand for closer integration of universities and businesses would drive forward privatisation. In the media, M5S intend to maintain just one public television channel, further restricting the right to information.

Under the pretence of protecting public health care, the M5S program paves the way for a major revision to universal medical access. It calls for “additional charges for non-essential treatment”, and “limits of second level of prevention (screening, early diagnosis, predictive medicine)” in favour of “first-level prevention (healthy eating, physical activity, quitting smoking).”

The M5S’s economic programme emphasises the interests of small and medium-sized businesses. Along with the plan to do away with private monopolies like Berlusconi’s Mediaset conglomerate, M5S demands an end to state monopolies like the railways. There are also calls for the limiting of managers’ pay, the break-up of large banks and businesses, the strengthening of small shareholders, and the promotion of production for the domestic market.

Deliberately dividing the working class

Grillo deliberately seeks to divide the working class—playing off the youth and impoverished layers against older workers and public sector employees.

In a blog commenting on the election results on February 26, he made this explicit, claiming that in Italy there are “two social blocks.” Block A, which voted overwhelmingly for M5S, was made up “of millions of youth without a future, who are working in a precarious job or unemployed, often with a university degree, who feel they are being smothered.” These “young people”, according to Grillo, “are seeking a way out, they want to become institutions themselves, to turn the tables and create a New Italy out of the ruins.”

Block A also includes “the excluded, the over-taxed, those who receive a starvation pension as well as the small and medium entrepreneurs who live under a regime of tax policing, are forced to close their businesses or to kill themselves out of despair.”

Block B, on the other hand, consists “of those who want to maintain the status quo, of those who have survived the crisis since 2008 more or less intact by retaining their purchasing power, of a majority of the government employees, of those who receive a pension of more than 5,000 euros per month, of tax evaders, of the huge circle of those engaged in politics as a livelihood and who draw their income directly from municipal services, concessions and state interests.”

According to Grillo, the key division in society is not between the working class and the bourgeoisie, but between these two blocs. Group A wants renewal, Group B continuity. Group A has nothing to lose, Group B do not want to yield up anything and “often have two homes, a decent current account and a good pension or the security of public employment.”

“A generational conflict in which the issue is age, not classes” is looming, according to Grillo. The young generation carries the burden of the present without prospects of a future and cannot be expected to do this much longer. “Every month,” Grillo writes, “the state must pay 19 million pensions and 4 million state salaries. This burden is no longer sustainable.”

In this context Grillo proposes an unconditional basic income of 1,000 euros, which is often described as a “socialist” element in M5S’s program. In fact, it is aimed at replacing existing pensions and state salaries and reduce these to a minimum subsistence level.

Support from entrepreneurs

Grillo himself does not belong to the A block he wants to mobilize against state employees and workers covered by contract: he is one of the richest people in Italy. In 2005, his annual income amounted to 4.3 million euros. He is widely regarded as the mouthpiece and not the actual head of the movement. This role is attributed Gianroberto Casaleggio, a wealthy IT entrepreneur from Milan who rarely appears in public and pulls the strings behind the scenes.

His communications company, Casaleggio Associati, founded in 2004, is well networked. One of his key collaborators up until recently was Enrico Sassoon, longtime head of the American Chamber of Commerce in Italy, and editor of the Harvard Business Review Italia. In September last year, Sassoon retired from the company so that revelations of his role would not politically damage Grillo.

Casaleggio and Grillo lead M5S along the lines of a private company. Though they extol the merits of “direct democracy” via the Internet and local meetings of members, the movement lacks any democratic structures. All decisions relating to personnel and program are made by them personally.

The statute of M5S—which is officially called a “non-statute”—stipulates Grillo’s total control over the organization. The origin, centre and seat of the organization is the blog www.beppegrillo.it. The function of M5S is the preparation and selection of candidates, “who support campaigns for social, cultural, and political awareness, which reflect the goal exposed by Beppe Grillo and are presented within the blog www.beppegrillo.it.” Both the name “MoVimento 5 Stelle” and its logo “are registered on behalf of Beppe Grillo, the sole owner of the rights of use.” The organisation lacks any sort of regional or federal structure which means there is no way to control Grillo or ensure he abides by party decisions.

Many Italian entrepreneurs understand that Grillo defends their interests. Some, like 77-year-old billionaire and Luxottica founder Leonardo Del Vecchio, openly declare their support for Grillo. Steel entrepreneur Francesco Biasion from Vicenza said he had voted for Grillo because “the companies today are in the grip of the bureaucracy and the unions.”

Under the heading “Grillonomics,” the Süddeutsche Zeitung commented: “While most Grillo voters cast their vote because they long to escape from the sclerotic structures of their country, business circles are increasingly concluding they must be freed from the shackles of a bloated state.”

German foreign policy journal IP also writes that Grillo’s success offers “a chance for Italy and Europe.” If it came to an alliance of “Grillini” with the Democrats, Bersani could tackle the reforms the country really needs, the journal hopes: “stricter laws against corruption, tax fraud and economic fraud”, “a liberalization of the sphere of work” and “a suspension of more or less hidden monopolies and unnecessary supervisory bodies, which paralyze the economy.”

While Bersani courts the support of Grillo, the latter has been reluctant to commit himself to working with the Democrats. He anticipates an imminent economic collapse of Italy, as he explained to the German magazine Focus: “I give the old parties six months—and then it is lights out here. Then they can no longer pay the pensions and public salaries.” Under such conditions, Grillo apparently sees a better chance to realize his plans for drastic cuts in the public sector.

Conclusion

The meteoric ascent of Beppe Grillo and his M5S is the result of the deep social and political crisis of European and international capitalism. Grillo was able to exploit popular discontent because all of the parties once identified with social reforms and the labor movement, support the austerity measures dictated by Brussels, Berlin and Rome. He is leading this discontent, however, into a dangerous impasse.

The cause of the current social decline is not just the corruption and greed of a political caste, but rather the historic crisis of the capitalist system based on the private ownership of the means of production. The crisis cannot be overcome without breaking the dominance of finance capital, abolishing capitalist private property and organizing economic life to meet social needs rather than the greed for profits.

Grillo’s movement adamantly rejects such a socialist transformation of society. Its response to the domination of capitalist monopolies is not their socialization, but rather the promotion of small and medium enterprises. Its response to globalization is not the unification of the international working class, but the strengthening of the nation state on an austerity program.

It is no coincidence that the M5S has attracted many former voters from the openly racist Northern League, which advances the interests of small and medium-sized enterprises in the north against the claims of the central state and the impoverished south. A profoundly reactionary core can be identified in the program M5S.

Only the independent intervention of the working class based on a socialist program can provide a progressive response to the capitalist crisis. This requires an unsparing critique of Grillo’s M5S as well as the trade unions, the fake left and all the other organizations upon which capitalism relies for survival.

The writers are senior political analysts with wsws.org, a socialist organization. 




CHENEY MARKS TENTH ANNIVERSARY OF PRETENDING THERE WAS REASON TO INVADE IRAQ

Posted by z

I would not like to offend poor pigs by calling this human excrescence a "pig". pigs are noble and innocent creatures. But this man, this arrogant and unrepentant criminal is an ugly stain on the remaining honor of all Americans. —Ed

I would not like to offend poor pigs by calling this human excrescence a “pig”. Pigs are noble and innocent creatures. But this man, this arrogant and unrepentant criminal —still protected by a network of filthy cronies and the whore complicit media—is an ugly stain on the remaining honor of all Americans. —Ed

HOUSTON (The Borowitz Report)—In a sombre ceremony attended by former members of the Bush Administration, the former Vice-President Dick Cheney marked the tenth anniversary of making up a reason to invade Iraq.

The ceremony, held on the grounds of the Halliburton Company headquarters, brought together the former Defense Secretary Donald Rumsfeld, the former Secretary of State Condoleezza Rice, the former Deputy Secretary of Defense Paul Wolfowitz, and other key members of the lying effort.

Calling the assembled officials “profiles in fabrication,” Mr. Cheney praised them for their decade of dedication to a totally fictitious rationale.

“Making up a reason to invade a country is the easy part,” Mr. Cheney told them. “Sticking to a pretend story for ten years—that is the stuff of valor.”

Mr. Cheney added that their “steadfast charade had raised the bar for all future Administrations.”

“When it is time to invade Iran or Venezuela, will the President have the will to make up an entirely fake reason to do it?” he asked. “That remains to be seen.”

The ceremony ended on an emotional note, as Mr. Cheney placed a wreath on the Tomb of the Unknown W.M.D.

Former President George W. Bush, who was said to be otherwise engaged, was represented at the event by a nude self-portrait.

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Photograph by Brendan Hoffman/Getty.

Read more: http://www.newyorker.com/online/blogs/borowitzreport/2013/03/cheney-marks-tenth-anniversary-of-pretending-there-was-reason-to-invade-iraq.html#ixzz2O7P0FTaT




60 Minutes — Hit Man (John Vesey), disarmingly honest about his “career”