Mitchell’s laws: Reduced money growth never stimulates economic growth. To survive long term, a monetarily non-sovereign government must have a positive balance of payments. Austerity = poverty and leads to civil disorder. Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
It seems we have come to the point where every time a President and his party want to accomplish something, the other party (not wanting the President to receive credit for anything good coming to America) decides to filibuster — and to hell with the nation. So much for patriotism.
I feel sure our founding fathers did not want one Senator to be more powerful than the President of the United States, and one party repeatedly to obstruct the work of Congress, though seemingly the Senate party chiefs favor that outcome.
Here’s what the New York Times says:
NY TIMES EDITORIAL: Filibustering Nominees Must End
Published: January 28, 2012
The system for reviewing presidential appointments is broken. The process has been hijacked by cynical partisanship and cheap tricks.
This is not a new problem, but it has gotten intolerably worse and is now threatening to paralyze government, as Republicans use the filibuster to try to kill off agencies they do not like. The number of unfilled judicial seats is nearing a historic high.
It is time to end the ability of a single senator, or group of senators, to block the confirmation process by threatening a filibuster, which can be overcome only by the vote of 60 senators. We agree with President Obama’s call in the State of the Union address for the Senate to change its rules and require votes on judicial and executive nominees within 90 days.
This is a major change of position for us, and we came to it reluctantly. The filibuster has sometimes been the only way to deny life terms on the federal bench to extremist or unqualified judges. But the paralysis has become so dire that we see no other solution.
Today, 18 judicial nominees wait for Senate votes even though they were approved by the Judiciary Committee, 16 unanimously. It can take a year for a nominee to receive a vote, an extraordinary hardship — since many cannot work while they wait — that threatens to reduce the pool of highly qualified candidates.
Goodwin Liu, a liberal law professor nominated last year to an appellate bench, was filibustered even though he was entirely in the legal mainstream, supported by conservatives including Kenneth Starr and Clint Bolick. His offense: He once dared to criticize Justice Samuel Alito Jr. as being too conservative.
It is not just judicial appointments that are frozen. When Congress created a vitally needed Consumer Financial Protection Bureau as part of the financial reform law, Republicans in the Senate decided to block confirmation of a chief so the agency could not exercise its full regulatory powers.
Senators also use filibusters to block nonpolitical positions, like the administrator of the General Services Administration — to demand passage of a pet project, out of pique or, most troubling, as part of the Republicans’ electoral strategy to block anything Mr. Obama wants.
The nation votes for a president, who needs to be able to appoint top officials and judges. The Senate needs to decide whether to give its consent or not. Voters could then watch and reach their own judgments. And with fewer vacancies, government and the judiciary could do the nation’s work.
I like to advise President Obama about his speeches, though there is no evidence he is aware of my existence, much less my advice. But, for better or worse, here is the “filibuster” speech I suggest for President Obama:
“Let them filibuster. Let them filibuster a day, a week, a month. Let them filibuster until the November elections at which time you voters will let these fools know what you think of obstructionist Senators, who don’t give a damn about governing or what’s best for America, but care only about political gamesmanship and personal power politics.
Your Senators were sent here by you, and paid to accomplish something, to help protect you and build America. You didn’t send them here to sit on their butts and collect pay, perks and pensions, while one party member reads from the telephone book.
So, I’m just going to propose what I believe is best for America, and let the bastards filibuster. Each day I’ll remind you who’s stopping America’s business, and what their motive is. Then, when they get home, they can answer to you.”
That might work. What do you think? Meanwhile, I award three Benedict Arnolds to all those Senators who have filibustered, and will filibuster, not to protect America, but to advance a selfish political agenda.
Rodger Malcolm Mitchell
No nation can tax itself into prosperity, nor grow without money growth. Monetary Sovereignty: Cutting federal deficits to grow the economy is like applying leeches to cure anemia. Two key equations in economics:
Federal Deficits – Net Imports = Net Private Savings
Gross Domestic Product = Federal Spending + Private Investment and Consumption + Net exports