The debt hawks are to economics as the creationists are to biology. Those, who do not understand monetary sovereignty, do not understand economics. Cutting the federal deficit is the most ignorant and damaging step the federal government could take. It ranks ahead of the Hawley-Smoot Tariff.
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This should be interesting. Will the party of “NO!” become the party of “I don’t know,” when asked how they plan to reduce federal spending without alienating all the people who receive federal spending, and without destroying the economy, too?
My hunch is all those “small government” types will begin to whine loudly when their favorite federal benefits begin to disappear. And then there is the presumed reduction in federal employees, “to save money” at just the time when we’re supposed to be creating jobs.
For a reminder about some of the things we voters will have to worry about, read: “14 ways to dismantle a monstrous government”.
And why cut federal spending? The debt hawks have no clue. They do not understand monetary sovereignty, and have no desire to learn.
Ignorance has its costs.
Rodger Malcolm Mitchell
http://www.rodgermitchell.com
No nation can tax itself into prosperity. Those who say the stimulus “didn’t work” remind of the guy whose house is on fire. A neighbor runs with a garden hose and starts spraying, but the fire continues. The neighbor wants to call the fire department, which would bring the big hoses, but the guy says, “Don’t call. As you can see, water doesn’t put out fires.”
#Monetary Sovereignty - Mitchell 
The numbers that their promises imply don’t add up. Looks like a lot of these promises are going to be forgotten in “the fog of governing.”
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Tom, it won’t be “the fog of governing.” It will be the “realization of reelection.”
When the voters begin to wake up to the fact they have elected people who promise to reduce federal spending for roads, bridges, health care, schools, the military, retirement, food inspection, drug inspection, research and poverty — people who plan to fire thousands of federal workers in this time of mass unemployment — the “fog of governing” will not be at the top of the problem list.
Rodger Malcolm Mitchell
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“By CHARLES BABINGTON, Associated Press, 11/4/10: WASHINGTON – Barely an hour after President Barack Obama invited congressional Republicans to post-election talks to work together on major issues, the Senate’s GOP leader had a blunt message: His party’s main goal is denying Obama re-election . . . McConnell on Thursday indicated that the road to agreements is more like a one-way street. ‘If the administration wants cooperation, it will have to begin to move in our direction,'” McConnell said..”
So the main goal of the Republican party is not to help America, and definitely not to cooperate. Rather it is strictly the political goal of winning the next presidency, people be damned.
Rodger Malcolm Mitchell
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