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Showing posts with the label Wealth

A Balanced Budget Means NO DEBT...

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... And this is NOT ACCEPTABLE . With Plenty Of GOP Help, Senate Shoots Down Rand Paul's Balanced-Budget Resolution Every few years, Kentucky Senator Rand Paul puts forth a quixotic proposal to balance the federal budget.  It's not the financial math that makes it a daunting task, but rather Washington's bipartisan addiction to spending.  It predictably fails each time, but accomplishes two things in the process. First, it puts senators who've espoused fiscal discipline on the record as opposing it when the rubber meets the road. Second,  over time,   Paul's proposals illustrate the insidious effect of kicking the can down the road—as each new proposal requires bigger cuts to push Uncle Sam to breakeven. Paul's first such budget resolution, in 2011, didn't even cut spending. By merely  freezing  it for five years, the budget was projected to reach balance this year.  In 2018, Paul put forth his " Penny Plan ," which would balance the budget in five

You Can Print Money... But Not Oil To Heat Or Wheat To Eat

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Do you know how to swim? How long can you hold your breath? If They (SRF & Billionaires) did that while the OPERATION COVIDIUS was entertaining and culling the herds of MMS/3i's, just try to guess what They will do during the Ukraine Circus! There isn't the report for 2021 but the last one was pretty clear... In the meantime get ready for the Big Shortage! And don't forget that paper-money is NOT food/water!

The Great Debt Debate: Michael Hudson vs. Thomas Piketty

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The Great Debt Debate: Michael Hudson vs. Thomas Piketty MICHAEL HUDSON   The debate was monitored by Lynn Parramore, and introduced by David Graeber’s widow, Nika. Transcript: Nika:  Hi, I’m Nika. I’m David’s wife. This is an event in the honor of the first anniversary of David Graeber’s passing, and then the spirits of his rejection of academic arrogance, and our urgent need to get out of the crisis we are in. We set up the Art Project, so welcome to the first one of the series. Today, we are talking about “What is debt.” The next one will be about the nature of money. David was probably the most famous anthropologist of our times, and the best selling author. Even still, he had fold in his computer called “Nightmare,” in which he dumped all bills, bureaucratic papers, invoices, and papers of his academic achievements. He regards the idea of isolated individual as a myth. What interested David much more was dialogue. He believed that it is only in dialogue in the clash of opinions, w