Power of Story Send a Tweet        
- Advertisement -
Diary

The Sultan of Spite's New Grand Bargain?

By   Follow Me on Twitter     Message Robert Cogan     Permalink

Related Topic(s): ; ; ; ; , Add Tags  Add to My Group(s)

Well Said 1   Valuable 1  
View Ratings | Rate It

opednews.com

Author 7783
Become a Fan
  (3 fans)
- Advertisement -

You, reader, are in danger of loss of some Social Security and Medicare. Austerity - minded Congressmen like PaulRyan now dominate both houses of Congress. The sweep Spite Vote of 2016 positioned these "solons of budgeting," S.O.B.'s of social stinginess, for a "deal" with the Republican Sultan of Spite, DonaldTrump. Beyond repeal of Obamacare, they want cuts to Social Security, Medicare, Medicaid, taxes, even food stamps for the poor.

Trump wants expensive, long outdated, futile vanity items: a $22 billion wall, $30 billion more now for war, plus $54 billion more for another "Surge," and $137 billion tax credits for private infrastructure building. He's been inconsistent on social expenditures. What if he and they reach a deal: The SOB's will approve his items, if he doesn't veto their cuts to Social Security, Medicare, etc.?

- Advertisement -

The basis of Austerity was the conservatives claim that counter - recessionary social spending (while the deficit increased) would eventually bankrupt the U.S. This was a colossal lie. Even Trump, in a May 10 TV interview, said there was no chance of bankruptcy, because "you [the government] prints the money." That's "currency sovereignty." Nor is hyperinflation an inevitable, disastrous consequence (see Volcker, Paul.)

Under currency sovereignty "greenback" money is just created, without taxing to get it. The U.S. government can spend greenbacks for infrastructure, Social Security, etc. without increasing the national debt! To beat Austerity, learn the historical facts about how greenbacks empowered the Revolutionary and Union armies. Currency sovereignty is like a battery charger. A charge of, say, $1 trillion electronic greenbacks into federal accounts, for slow spending for direct federal jobs in infrastructure and entitlements account maintenance, national day care, etc., would restart our domestic economic engine. If we don't shove these facts before eyes and into ears of legislators, newspaper editors, and TV pundits , the SOB's, conservative confiscators, may legally confiscate a lot of your general welfare entitlement income.

- Advertisement -

 

- Advertisement -

Well Said 1   Valuable 1  
View Ratings | Rate It

opednews.com

I'm NOT Bernie Sanders older brother, but could be by similarity. I was born in Manhatten, 1940, he, about a year later, in Brooklyn. I too am a white male American but a retired college professor of philosophy. We both cane from Jewish (more...)
 

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon Share Author on Social Media   Go To Commenting

The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
- Advertisement -