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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (623596)	1/27/2017 7:50:51 PM
From: frankw1900	Read Replies (1) \| Respond to of 794366

You think we the people own our government? I think most Americans do not believe so. I think the vast majority of those voting for Trump, and the majority of those that didn't vote, think the government they own title to has been hijacked. And I think if you ask them who the hijackers are, they'll tell you it's the special interest politicians and the Globalists: Those who talk down to them who are destroying their culture, and those who are destroying the economy where they live. So they have evidence and they know they have evidence. What do you think the Tea Party was about? Why do you think state legislatures and governors are all going GOP? Hell, even the confused Occupy bunch smelled a rat: QE for the bastards that caused the problem, but not for them whose debt remains the same but whose prospective incomes decline as a result of the crash so effectively their debt is growing, not counting interest. You can be sure since then some of them have matured and voted Trump. Our politicians are borrowing billions of dollars a day, during (relative) peacetime - because they were crazy and reckless enough to take on more obligations than the country can afford. It's easy and tempting to futz around with other people's money. No. They went to deficit spending because Globalization destroyed US income growth, and allowed corporations and wealthy individuals to sequester profits abroad, thus shrinking the US tax base. They went deficit spending because they had commitments to fulfill. They also went deficit spending because even the ignoramuses in Washington had the dim inkling that cutting deficit, paying down debt, thus taking money out of the economy when its industrial base is shrinking, is bad for their voters, and them. Politicians and others are always wringing their hands about deficit spending and they have no clue about its effect on well run countries like the US or Canada. So let me tell you a story. In 1950s the Canadian government finally got fed up with the previous about fifty years of the US govt futzing about and not getting together and building the St Lawrence Seaway. They wanted the grain to get to the Atlantic and the iron ore to US. I'll leave out the details about the deal making with various state govts and Intl Commission, yada yada. Canada was going to pay for it and get it done, darn it. (Canadians are polite). At the time Canada had a population of 18 -20 million, cost about $400,000,000. Really big bucks back then. This is how they paid for it: The Canadian government requisitioned $400 million from the Bank of Canada, which wrote it a check. Yup, that's it. So what effect did this have on the Canadian economy? Lots of prosperity in central Canada. Inflation ran about 1 -2%, about same as always. Here's an article I just ran across that you might find interesting: Rapid Money Supply Growth Does Not Cause Inflation Neither do rapid growth in government debt, declining interest rates, or rapid Increases in a central bank’s balance sheet evonomics.com Also Mark Blyth, Austerity, History of a Dangerous Idea Lots of stuff by him on Google and utoob