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.
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
No nation can tax itself into prosperity, nor grow without money growth.
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7 thoughts on “–Watch, as politicians flush Medicare, Medicaid and Social Security down the drain”
If these people get their way, the US is going to see the mother of all depressions in the not-too- distant future. Last one over the cliff please turn off the lights.
We need physical order in our county. Printing money when we want something is irresponsible. People that think otherwise are foolish. Health care is a personal responsibility. I don’t want to give a dime to an smoker, drug user, over weight, and a ton of other bad habits that people get themselves into. Doctors, hospitals and health care clinics won’t spend a second looking for the real cause of a persons alignment, but issue drugs and other procedures to move the patient out of the office. I know because I am a retired VET and use government health care, the same one that voted into office. I am OK because my family and I take care of ourselves. I expect everyone else to do the same. It is called person responsibility. Stop printing 3 dollar bills.
What do you mean by “physical order”? Without federal deficit spending there would be no U.S. currency at all. Where do you think dollars come from?
I’m glad you are O.K., because you are taking care of yourself — oh, aside from the fact that the federal government pays for your health care.
I understand that you don’t wish to pay for other people’s bad habits, including those vets who got hooked on pain medication due to terrible injuries. But do you realize that not only do taxpayers not pay for your federal health care, but you don’t pay for any federal spending.
If you want to understand why taxes don’t pay for federal spending, read: Monetary Sovereignty
Rodger Malcolm Mitchell
“I’m glad you are O.K., because you are taking care of yourself — oh, aside from the fact that the federal government pays for your health care.”
Well, no they don’t. I pay an annual fee.
“I understand that you don’t wish to pay for other people’s bad habits, including those vets who got hooked on pain medication due to terrible injuries. But do you realize that not only do taxpayers not pay for your federal health care, but you don’t pay for any federal spending.”
Vet’s like me have the VA. I’ve used it and so did my Dad(WWII Vet Normady, North Africa, Italy, Germany (all with Patton) when he was alive.
We paid our dues, took bullets, watched our buddies die so liberals can run what We defended into the ground. This is Not the America either of fought to defend.
As you know, that annual fee comes nowhere close to paying for your insurance. The federal government is paying for your insurance.
I’ve noticed you didn’t comment on the fact that neither you, nor any taxpayer, does not pay one cent for federal spending. Does learning this change your mind about federal support for health insurance?
Tell me about the America you fought to defend. Did you fight for an America that says, “I’ve got mine, so the hell with those who can’t afford it?”
Rodger Malcolm Mitchell
My Dad came home from WW!! and was a window washer. My Mom a waitress. I served in 2 wars (Vietnam and Desert Storm). My contract with the military simply stated that the US government was under No obligation to provide me anything. If they wished to discharge me because of Budget, they could do so. I know a number of people who got riffed because of Budget issues. So please tell me why couldn’t the US jut print some more money and let them stay in? The current FY the Air Force will reduce their officer ranks by 2300. Why? Budget? Print more money, right? Someone doesn’t get it, do they? Rome printed lots of money during it’s downfall. So why not America? If you can point out to me that printing money will solve our ills, then you need to see Barry right away. Him and Tim can use a bit of help.
After you have read and understand Monetary Sovereignty , I’ll be glad to answer your questions. It will take you only five minutes to read, and not much longer to understand — if you truly want the information.
However, if you are not interested in learning, and only wish to argue, don’t bother
Rodger Malcolm Mitchell