John (Jack) Kass is a far-distant, way-out, right-wing columnist.
As such, he is a follower of Trump (who himself is neither right-wing nor left-wing, but rather wing-ding).
Kass really should write for Brietbart or sit glassy-eyed on the Fox News couch defending Trump’s latest lies.
Instead, he conducts his mischief by writing for the formerly right-wing, but now having adopted a bit of morality, middle-wing, Chicago Tribune.
Here are some excerpts from Kass’s March 25th Tribune article:
From the animal farm in D.C.: A $2 trillion sausage
When governments frantically throw more money than they can afford at a crisis — and we’re throwing trillions (yes, trillions) at the desperate war against the coronavirus with that federal relief package out of Washington — two truths are self-evident.One was famously expressed by Rahm Emanuel. And the other was proclaimed by Comrade Napoleon, the talking pig from George Orwell’s “Animal Farm.”
Before we go further with Jack’s opus, we should get to the very heart of his claim, which is: The U.S. government is “frantically throwing more money than it can afford” at the virus crisis.
Being Monetarily Sovereign, the federal government can afford to spend any amount of dollars. ANY amount. In fact, the federal government’s primary method for creating money is to pay bills.
Thus, the U.S. federal government never can run short of dollars. Even if all tax collections fell to $0, the federal government could continue spending forever. There is zero relationship between tax collections and federal spending.
The notion that the U.S. federal government “can’t afford” two trillion, or even fifty times that much, is what is known in economics circles as “The Big Lie.”
The Big Lie is the false claim that federal taxpayers fund federal government spending.
If you don’t believe it’s a Big Lie, read what Chairman Alan Greenspan, Chairman Ben Bernanke, and Billionaire Warren Buffet said at: Economic rescue bill — far too little and way too late.
Continuing with excerpts from the Kass article:
“You never let a serious crisis go to waste,” said Emanuel. “And what I mean by that it’s an opportunity to do things you could not do before.”
He perfectly described House Speaker Nancy Pelosi’s cynical leveraging of human misery and fear as she used the coronavirus in a push for more political power.
And Napoleon the pig offered that other self-evident truth, proclaiming that “All animals are equal, but some animals are more equal than others.”
Pelosi, true to Emanuel’s Rule of power politics, didn’t waste the coronavirus crisis. She stalled a Senate bipartisan coronavirus relief package.
Pelosi caused the delay, dumping the Democratic Party platform that she never could have passed on her own into the relief package.
It contained leftist Green New Deal ridiculousness on climate change provisions for airlines, race- and gender-based regulations on business, even federal cash for more wind and solar energy.
To Kass, “cynical leveraging of human misery and fear, means helping the poor by providing them with some food, clothing, housing, and medical care.
Oh, how cynical. In Kass-world, it would be less cynical to deny them food, clothing, housing, and medical care, as the GOP repeatedly tries to do.
Like a true conservative, Kass hates anything that might save the world for our children.
He thinks climate change provisions are “ridiculous.” He thinks gender-equality regulations are “ridiculous.”
He even thinks investing in wind and solar energy is “ridiculous.”
But what he really, really hates is Pelosi’s stalling of the Trump money-grab that would have given Mnuchin $500 billion to distribute secretly, as he saw fit, with no one the wiser. (How do you say, “Have a bucketful of cash, Mr. Trump, for your failing hotels” in Congressese?)
For reasons unknown, Trump’s personal assurance that he would oversee the money distribution just didn’t cut it for that old meanie, Pelosi.
Here, Jack explains his objection:
One feature of the compromise Democrats wanted was congressional oversight of a $500 billion fund managed by the U.S. Treasury Department to help struggling businesses with loans and loan guarantees.
Such oversight sounds reasonable. What wasn’t reasonable was the hideous partisan rhetoric from the hard left about corporate bailouts and slush funds.
That was irresponsible.
Oh, poor little Jack Kass had his tender feelings hurt by the insinuation that Honest Don Trump (of the Trump University and Trump Foundations scams, plus at least four bankruptcy scams plus his many criminal associates) might fill his grubby little hands with secret federal money to save his on-life-support hotels.
Who could imagine such a thing, other than everyone with a brain?
So Jack decried the “hideous partisan rhetoric that said, in essence, “Don’t put that proven crooked Fox in charge of the henhouse.”
How hideous! How partisan! How irresponsible!
The American economy wasn’t hamstrung by bad management. The economy was booming.
The mass unemployment and business losses are a direct result of government shutting down commerce to stop the spread of infection.
No, they are a direct result of the infection and the government’s tardy acceptance that the infection is real.
In essence, Kass’s objection is like complaining, “The jails are filled with criminals because the cops are catching them.”
With trillions being thrown around, and human nature being what it is, it is inevitable that some who’ll pass out the government cash, those at the receiving end or perhaps those in the middle will act like greedy piggies and oink their way into deals. jskass@chicagotribune.com, Twitter @John_Kass
Kass’s hypothesis goes like this, folks: “Our government is not only dead broke, but cursed with human nature, which is to lie, steal, and insult like you know whom.
“So that being the case, why not just let an experienced liar, stealer, and insulter take charge of the money rather than those Democrat amateurs?”
I can only summarize this article in one way.
You don’t know Jack.
Rodger Malcolm Mitchell
Monetary Sovereignty
Twitter: @rodgermitchell
Search #monetarysovereignty Facebook: Rodger Malcolm Mitchell
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THE SOLE PURPOSE OF GOVERNMENT IS TO IMPROVE AND PROTECT THE LIVES OF THE PEOPLE.
The most important problems in economics involve:
- Monetary Sovereignty describes money creation and destruction.
- Gap Psychology describes the common desire to distance oneself from those “below” in any socio-economic ranking, and to come nearer those “above.” The socio-economic distance is referred to as “The Gap.”
Wide Gaps negatively affect poverty, health and longevity, education, housing, law and crime, war, leadership, ownership, bigotry, supply and demand, taxation, GDP, international relations, scientific advancement, the environment, human motivation and well-being, and virtually every other issue in economics.
Implementation of Monetary Sovereignty and The Ten Steps To Prosperity can grow the economy and narrow the Gaps:
Ten Steps To Prosperity:
2. Federally funded Medicare — parts A, B & D, plus long-term care — for everyone
3. Provide a monthly economic bonus to every man, woman and child in America (similar to social security for all)
4. Free education (including post-grad) for everyone
5. Salary for attending school
6. Eliminate federal taxes on business
7. Increase the standard income tax deduction, annually.
8. Tax the very rich (the “.1%”) more, with higher progressive tax rates on all forms of income.
9. Federal ownership of all banks
10. Increase federal spending on the myriad initiatives that benefit America’s 99.9%
The Ten Steps will grow the economy and narrow the income/wealth/power Gap between the rich and the rest.
MONETARY SOVEREIGNTY
The nation is in worse trouble now than before.
#Monetary Sovereignty - Mitchell 