Eliminate the debt ceiling
by Ayn R. Key
The Keynesians and Monetarists who control fiscal and monetary policy in the government will never accept that anything should actually be cut, other than a few token items of window-dressing. Their plan is to keep raising the debt limit every time it is reached. The entire show is Kabuki Theater because the Congress and the President know that the voters are actually watching this time and actually demanding that something be done about the excessive spending. But they do not believe in restraint. So perhaps the opposite approach should be taken on the debt ceiling issue.
http://aynrkey.blogspot.com/2011/07/eliminate-debt-ceiling.html
Informant: Thomas L. Knapp
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Forget Compromise: The Debt Ceiling Is Unconstitutional
Ellen Brown, Truthout: 'The debt ceiling crisis can be averted by enforcing the 14th Amendment, which mandates the government to pay its debts already incurred, including pensions. That means Social Security, which IS an 'entitlement,' in the original sense of the word. We are entitled to it because we have paid for it with taxes. The game of Russian roulette being played with the US federal debt has been called a 'grotesque political carnival' and political blackmail. The uproar stems from a statute that is unique to the United States and never did make much sense. First passed in 1917 and revised multiple times since, it imposes a dollar limit on the federal debt.'
http://www.truth-out.org/forget-compromise-debt-ceiling-unconstitutional/1312205856
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=monetary+policy
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=debt
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=unconstitutional
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=social+security
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Keynes
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Ayn+R.+Key
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Ellen+Brown
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The Keynesians and Monetarists who control fiscal and monetary policy in the government will never accept that anything should actually be cut, other than a few token items of window-dressing. Their plan is to keep raising the debt limit every time it is reached. The entire show is Kabuki Theater because the Congress and the President know that the voters are actually watching this time and actually demanding that something be done about the excessive spending. But they do not believe in restraint. So perhaps the opposite approach should be taken on the debt ceiling issue.
http://aynrkey.blogspot.com/2011/07/eliminate-debt-ceiling.html
Informant: Thomas L. Knapp
--------
Forget Compromise: The Debt Ceiling Is Unconstitutional
Ellen Brown, Truthout: 'The debt ceiling crisis can be averted by enforcing the 14th Amendment, which mandates the government to pay its debts already incurred, including pensions. That means Social Security, which IS an 'entitlement,' in the original sense of the word. We are entitled to it because we have paid for it with taxes. The game of Russian roulette being played with the US federal debt has been called a 'grotesque political carnival' and political blackmail. The uproar stems from a statute that is unique to the United States and never did make much sense. First passed in 1917 and revised multiple times since, it imposes a dollar limit on the federal debt.'
http://www.truth-out.org/forget-compromise-debt-ceiling-unconstitutional/1312205856
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=monetary+policy
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=debt
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=unconstitutional
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=social+security
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Keynes
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Ayn+R.+Key
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Ellen+Brown
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Starmail - 1. Aug, 08:56
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