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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I’ll give you straight talk; I won’t mince words. It was inevitable, the debt hawks, not having found enough places to cut federal benefits, now want to cut your Medicare, Medicaid and Social Security, as well as just about every other federal benefit they could think find:

By ERIK SCHELZIG Associated Press, Feb. 27, 2011

House Republicans specifically want to target entitlement programs, like Medicaid and Medicare, the speaker (John Boehner) said.
“To not address entitlement programs, as is the case with the budget the president has put forward, would be an economical and moral failure,” Boehner said. “By acting now, we can fulfill the mission of health and retirement security for all Americans without making changes for those in or near retirement.”

Your benefits from these three programs already are far too low, and the debt hawks want to cut more. Why? They have absolutely no idea. Write to any debt hawk and ask this simple question: “Why do you want to cut the deficit?” If you get any answer at all (unlikely), it will be something nebulous like, “The deficit is unsustainable,” or “We’re living beyond our means.” In short, generalized BS based on nothing.

Never, will you receive a solid statement of exactly what would happen in the future, if the government keeps spending. Never will you be shown any supporting data. The reason: What will happen is: We will prosper.

But here is a solid statement of what will happen if government spending declines: We will have another recession or a depression. We will have fewer doctors, less medical research, poorer roads and bridges, worse education, poorer security, more states not able to pay their bills, more poverty and overall a reduction in our quality of life. How do I know? Read some of the posts in this blog, beginning with Summary, and work your way forward.

I’m sure you recall all that phony wailing about our children and grandchildren being hurt by deficits. Total nonsense. Use your brain. What do you think cutting federal programs will do to our children and grandchildren?

And the gall of these people talking about “fulfilling the mission of health and retirement security” by cutting spending. That’s classic double-speak. It’s like the southern senators criticizing the freedom marchers for “upsetting law and order.” No, Jim Crow upset law and order, and to fulfill the mission of health and retirement requires more money, not less.

And then there is the complete crap about how cutting federal spending somehow will alleviate unemployment. Are you kidding? What next? Cure hunger by withholding food?

In short, cutting federal spending is nuts. Anyone who thinks the economy works better or can grow, with less money, is equally nuts. The Tea Party anti-government mantra is the biggest fraud ever perpetrated on America. It makes absolutely no sense at all. Every dollar cut from the so-called “deficit” (more properly, “money supply”), is a dollar taken right out of the economy and right out of your pocket. These Tea Partiers make Bernie Madoff look honest.

Boehner wants to cut social programs “without making changes for those in or near retirement”. In other words, he wants to screw you young people. Why? Because he knows the older people would vote the Republicans out of office, if they get screwed, but he figures you young folks are so detached from retirement, you won’t realize what is being done to you until it’s too late. Anyway, aren’t most rich people older? No need to upset the wealthy contributors.

Today, you may not understand Monetary Sovereignty (though the basic concept is dead simple), but I suspect you’ll begin to understand it better when Medicare, Medicaid and Social Security and the rest of the economy go down the drain, and you’re left with insufficient medical care, insufficient retirement and a lousy world for your kids and grandchildren.

Then, you’ll have only yourself to blame, because you didn’t even take the trouble to learn Monetary Sovereignty, and instead, like little obedient sheep, you marched to the voting booth and elected those jerks. You didn’t contact your Congressperson; you didn’t write to the media; you didn’t argue; you didn’t demand. You just bent over and let them do it to you.

And that, my friends, is the straight talk I promised you.

Rodger Malcolm Mitchell
http://www.rodgermitchell.com

No nation can tax itself into prosperity, nor grow without money growth.
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