Will America's reckless politicians in the Congress take the country over the cliff into an uncertain land?

[whisperingthroat792]

Why do we have poverty, unemployment, and inequality?

1.“Small Gummint” nuts cripple bank regulation.
2.The bank-dominated Fed promotes borrowing with low interest rates.
3.Wall Street gets rich securitizing subprime loans, creating a bubble.
4.Indebted home buyers cut back on spending.
5.Consumption drops and the bubble bursts.
6.“Under water” home buyers prolong the recession.
7.Tax revenue drops, unemployment benefits climb, and budget deficits hits the ceiling.
8.“Small Gummint” nuts complain about “spending” and “entitlements” and “Big Gummint”.
9.Government privatizes some functions.
10.Wall Street gets rich financing privatization of government assets.

This cycle is repeated every few years, sometimes with taxpayer bale-outs of Wall Street. Eventually, the 1% will own our entire infrastructure and charge us for sleeping on their sidewalks. What to do?

1.Break up the banks and regulate them!
2.Force the Fed to set counter-cyclical interest rates!
3.Tax heavily the income and estates of the 1% so they can’t buy Congress!
4.Tax financial transactions to pay for Wall Street’s wreckage!
5.Stop borrowing and paying interest to bond-holders!
6.To cover budget deficits, print the damn money!
(Lincoln and FDR did that during wartime with great success!)
7.Reclaim all public assets!
8.Confine “Small Gummint” nuts to a distant asylum!

“Small Gummint” is the road to serfdom!

It isn’t ideology that drives the Republican insistence on spending cuts, it’s a strategy. They fervently oppose cuts to defense because. more than any other government department, the DOD allows the wealthy to extract money from the treasury.