Power of Story Send a Tweet        

Share on Google Plus 1 Share on Twitter 1 Share on Facebook 4 Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend 4 (10 Shares)  

Printer Friendly Page Save As Favorite View Favorites (# of views)   25 comments
OpEdNews Op Eds

Did This Really Happen?

By   Follow Me on Twitter     Message Robert Bostick       (Page 1 of 1 pages)     Permalink

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

Well Said 5   Valuable 5   Must Read 4  
View Ratings | Rate It

opednews.com Headlined to H2 1/2/15

Author 13111
Become a Fan
  (4 fans)
- Advertisement -

Did this Really Happen??

In late Dec, 2014 House Speaker John Boehner and the troubled Majority Whip and other House leaders met behind closed doors with a delegation from the U.S. Chamber of Commerce and to lay out what should and should not happen during the upcoming 114 th Congress. While they provided key talking points to the media for CYA purposes, there was a major discussion on budget, monetary and fiscal policy and only a small portion was released for public consumption; no more budget ceiling games by far right proponents of ideologically foolish obstructionism..

"Our No. 1 focus is to make sure, when it comes to the House and Senate, that we have no loser candidates," said Scott Reed, the top political strategist for the U.S. Chamber of Commerce, told the Wall Street Journal. "That will be our mantra: No fools on our ticket."

Republican House Speaker John Boehner signaled this shift earlier this month when he chided conservative activist groups that opposed the Spending Bill. The Speaker's deputies also worked behind the scenes to quiet internal dissent by warning committee chairmen that opposition to the deal could jeopardize their committee posts.

- Advertisement -

"The Speaker, and the entire leadership team, urged all House Republicans to support the [budget] agreement, which ignores the deficit and eschews raising taxes," said Boehner's spokesman, Michael Steel.

This sharp turnaround is notable, first, because it signals to the rest of Washington that Republicans have spent too much time on ideology instead of legislation. Second, they have something else brewing, since they've written off whining about deficits and spending.

That 'something else' is contained in a brief prepared by the COC informing the House leadership that continuing to harp on the need for spending cuts during a recession will have serious consequences for campaign strategy leading to the 2016 elections. The COC, warned that there are elements in the public prepared to totally discredit any candidate who continues to deny the need for Federal Public Sector spending when consumer demand is now marginal and which would alleviate deteriorating economic and social conditions for more than one third of Americans.

- Advertisement -

This closely held, leaked, document lays out the rationale for backing off the traditional Republican tactic to lower taxes for the rich, and cut benefits for the middle class and poor. COC warns that " .. soon, Republicans will be challenged to explain why they insist on telling America that it can't afford to spend when it knows that there are no real constraints when inflation is low and unemployment so high ..." Buried in the document was this, "More and more academics on both sides of the political divide have grudgingly, accepted the fact that the Federal Government can no longer operate as it did under the gold standard. Fiat currency is here to stay and because it can be spent without reference to revenues, Congress will be blamed for not appropriating to serve the needs of all Americans."

It continued, "Ironically, if Congressional leaders publicly acknowledge this fact, the public will question the need for Federal tax revenue. Any response will need to be truthful but carefully parsed to avoid outcries of misleading the public and indeed distorting the facts on the need for austerity. We advise all members to become familiar with the concept of monetary sovereignty, so that they can begin to develop appropriate responses for media and constituents."

Since the Republicans have been 'warned' to become familiar with the concept of monetary sovereignty' what about the rest of us. Who gains and who loses the most by knowing this???

Kitchen Sink Metaphor of Modern Money
(Image by J. D. Alt)
  Permission   Details   DMCA


- Advertisement -

Well Said 5   Valuable 5   Must Read 4  
View Ratings | Rate It


Retired ('92)after working for every Administration since Truman, with the exception of the last 3 administrations. Mainlining golf is a major addiction, along with grandchildren, travel, great books and the leisure to really absorb it all. A (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.

Follow Me on Twitter

Writers Guidelines

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

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Did This Really Happen?

What Should We Know About Methane Hydrate Explosions?

Stop the Fiscal Policy Illiterates.

Money Is Not a Physical Thing

Federal Taxes Don't Pay For Anything