The debt hawks are to economics as the creationists are to biology. Those, who do not understand Monetary Sovereignty, do not understand economics. If you understand the following, simple statement, you are ahead of most economists, politicians and media writers in America: Our government, being Monetarily Sovereign, has the unlimited ability to create the dollars to pay its bills.
The horror the politicians will visit on us, all in the name of winning:
Former Democratic National Committee chairman Howard Dean said he would be “quietly rooting for” a government shutdown. “I know who’s going to get blamed – we’ve been down this road before.”
Yes, who cares whether the nation burns down so long as we point at the Republicans as arsonists.
South Carolina Sen. Jim DeMint (R),“I just hope that we are not so afraid of a government shutdown that we are not willing to make the right decisions. That is what the tea party is for.”
Ah, so that’s what the Tea Party is for: Closing down the government.
The politicians are playing games with our lives, but don’t blame them. They’re politicians, i.e immoral, amoral, ignorant, selfish, uncaring and untruthful. You know it, so why do you listen to such people? The fault lies with you who allow yourself to believe the absolute lie that the federal deficit is unsustainable and should be reduced. The fault lies with you who refuse to heed the facts showing federal deficits are absolutely necessary for economic growth, and the federal debt easily could be eliminated tomorrow, at the click of a computer key.
The fault lies with you who stand meekly aside while the sneering, insulting, foul-mouthed debt hawks dominate the discussion to deride the people bringing you the truth. The fault lies with you who ask for no evidence to support what the liars tell you, but rather allow yourselves to be led like lambs to the slaughter, and even grow angry when you are not led more quickly.
And when the Tea Party has its way, and valuable government services are emasculated or eliminated, and the economy enters another recession, perhaps worse than the previous one, the fault will lie with you who surely will whine and complain you didn’t realize this is what less government really means. “It’s not my fault. I didn’t know. Why didn’t they warn me I would lose my hopes and my dreams and my family and my life?”
You were warned. You just refused to listen. Who gave the Tea Party its power? “They sow the wind, and reap the whirlwind.” Though the Tea Party is sowing the wind, it is you, and the rest of us, who will reap the whirlwind.
Ignorance provides its own reward.
Rodger Malcolm Mitchell
No nation can tax itself into prosperity, nor grow without money growth.
5 thoughts on “–Who will be at fault for the return to recession?”
Tim Pawlenty, one of the most likely to become the GOP nominee, is now saying that he thinks there will be a double-dip due to Obama’s budget blowout. It’s insanity and if these people should take over the government in ’12 head for the hills and grow your own food.
Be careful with you quotes, Howard Dean is no longer the Democratic National Committee chairman.
Last year the wealth of the world’s billionaires jumped 25 percent to $4.5 trillion.
Surely this is evidence that we live in a plutocratic world. We are told we have democracy, but where is the evidence?
Politics is controlled by lobbyists that are paid for by plutocrats.
“Former Democratic National Committee chairman Howard Dean said he would be “quietly rooting for” a government shutdown. “I know who’s going to get blamed – we’ve been down this road before.”
“Yes, who cares whether the nation burns down so long as we point at the Republicans as arsonists.”
I think that any gov’t shutdown would last a matter of days. In which case, it could serve as a wake-up call. Otherwise, if gov’t gridlock leads to a double dip recession, the Reps will pass the blame along to Obama. A Rep Presidency plus a Rep House would prolong our national agony. A gov’t shutdown now might be our only hope to avoid a national conflagration. Sad to say. 😦
The Republican Party no longer exists, a least not in its former state. Based on power, we would be more accurate to call it the Tea (formerly known as “Republican”) Party Patriots.
Or, you might look up the old “Know Nothing” Party. The parallels are quite amazing.
Rodger Malcolm Mitchell