Huck wrote:
The Awakening!
Admiral Isoroku Yamamoto supposedly said after his attack upon Pearl Harbor seventy-eight years and one month ago today I fear all we have done is to awaken a sleeping giant and filled him with a terrible resolve. There isnt any existing record that he ever made that famous quote, but there is a record that he was certain that resolve would produce a terrible counter attack by the sleeping giant.
Although war was raging all over the world, we were still setting on the sidelines and involved only through our Lend Lease Programs, but that sneak attack by the Japanese on Pearl Harbor that sleepy Sunday morning was indeed an awakening. I was at a Boy Scout Jamboree at Pere Marquette State Park in Illinois that Sunday Morning and remember it well.
The American people immediately came together with a Great Resolve as Yamamoto had feared and assassinated him on April 18, 1943 by a flight of P-38 fighter aircraft that shot down his bomber just off Bougainville Island in the South Pacific while on a morale building tour. We know whose moral was boosted by his death on that date. This also happened on the one year anniversary of Col. Doolittles raid on Tokyo. Yamamotos fears and prediction had truly come to pass.
If there was another awakening or moral building event in Americas future it has not been evident for the past seven years with the exception of the assassination of Osama Bin Laden and if the t***h was known, Obama was pulled into the decision kicking and screaming and would never have allowed the Navy Seals to k**l him if he could have prevented it politically.
If there is another awakening within our future it will have to come from a gigantic wave of a rebirth of patriotism. The same patriotism that created this great nation over two-hundred years ago; a great hunger for personal liberty without hindrances from thousands of bureaucratic and government laws and programs that are stifling the productivity of a free people; an awakening of a realization that our government and many elected offices have become the enemy of the people and have lost sight of their sworn responsibilities; a knowledge that we the people are responsible for what we have created and we the people will have to correct it.
As the corruption of our government continues, the r*******n by the citizens will grow until civil unrest will create unhealthy confrontations between the people and our government. This must end with the e******n of November 2016.
During the next twelve months we have a chance to once again show our resolve to reverse the weak and productive robbing capability that our government has become and especially the Obama administration and produce the kind of government that once again recognizes the job creating potential of the individual entrepreneur; allows the free market place to dictate policy and remove the socialistic tendencies heaped upon the citizenry by a government that deceptively creates programs the people do not want or have input. This can only happen with an awakening within each liberty loving American citizen determined to do everything they can as individuals and to prove that the American people are still capable of demonstrating once again another Great Resolve.
Huck
The Awakening! br br Admiral Isoroku Yamamoto sup... (
show quote)
"if the t***h was known, Obama was pulled into the decision kicking and screaming and would never have allowed the Navy Seals to k**l him if he could have prevented it politically."
You are makin' stuff up, i.e., lying. But the following is the t***h:
We hold the following t***hs to be self-evident but our website will answer your doubts.
1. World War II finally ended the Great Depression. All that Congressional spending went into war bonds bought by Americans working double shifts and Sundays for four years. After the war, the cashed-in bonds bought the cars and homes that created our much-prized suburban mode of living. Congressional spending always does the job!
2. GDP growth via Congressional spending is multiplied and almost doubled by the rippling effect of money flowing repetitively from consumer to merchants to supply-chain employees/consumers. Such spending after WW II on GI housing and education, the Marshall Plan, nuclear energy, the Korean War, Cold War rearmament, the Interstate Highway System, NASA, Vietnam, etc., caused a growth that made the Debt/GDP ratio drop from a wartime 120% to 30% in 35 years and gave us that sadly-missed prosperity.
3. Congressional spending tends to increase our GDP growth rate and as long as our GDP growth rate exceeds the Fed's interest rate, our national debt can grow indefinitely and safely. (Check the math:
http://www.levyinstitute.org/publications/?docid=1379.).
4. Our Treasury borrows the annual federal budget deficit not because Congress needs money but only to drain just enough of bank reserves to enable the Fed to stay on its targeted federal funds interest rate, the basis of other rates. When Congress has a budget surplus, US debt instruments become scarce and Wall Street gets panicky!
5. The Feds purchase of US debt decreases interest rates, increases bank deposits, and shifts a potential debt problem into a potential inflation problem, which, if it happens, the Fed will fight with raised interest rates to discourage borrowing and investing.
6. The US dollars reserve currency status (which favors US consumers and exporters) requires our Treasury to maintain a large national debt, much of it owned by foreigners.
7. A Constitutional amendment requiring that annual federal budgets be balanced would be a deflationary disaster for our economy. Congress' deficit spending is needed to replace the dollars exported by our annual trade deficit. A trade surplus would permit an equivalent budget surplus. Thats why Germany can balance its budget and we cant.
8. Our optimum budget goal is: Budget Deficit = Trade Deficit + Private Savings. Less spending would increase unemployment; more spending would increase inflation. So, Congressional spending is limited ONLY by the onset of harmful inflation controlled by the Fed with moderate long-term interest rates and by Congress with adequate progressive federal tax on discretionary incomes, financial t***sactions, and estates.
9. Wars are won with infrastructure and we need as much as we can get. We should now be building enough to stay well ahead of a China going 24/7. Since a pot-hole may delay a vital delivery, all infrastructure is necessary for defense. Since Congress is responsible for national defense, it should pay for all infrastructure, including pot-holes, day-care, K-PhD education, and healthcare, all of which are NECESSARY for national defense. Of course, state and local governments would administrate most infrastructure, coordinating their project schedules with the Administration to avoid inflation.
10. If foreigners want to sell us their goods, they must accept our dollars. If they refuse our dollars, we will get our jobs back and make our own goods. But they will always want a strong dollar, earned through productivity gained from infrastructure.
12. Increased output for the same input is anti-inflationary so Congress will not cause harmful inflation by hiring idle unemployed labor to get infrastructure and productivity.
11. One quitting ones high-paying job for a lower-paying job to cut ones taxes is just crazy. Congress cutting spending to cut taxes is crazier. Both should trade their tax cuts and austerity for a better life! Congress should be hiring the idle to build infrastructure.
13. While excessive unemployment exists, excessive deficits are due only to low tax revenue, not Congressional spending that hires the unemployed to build infrastructure.
14. High spending with sufficiently high tax revenue can produce lower budget deficits than low spending with low tax revenue. And produce added infrastructure!
15. The existence of excessive idle resources implies a failure of Congress to provide infrastructure for our national defense. Those in Congress who refuse to hire idle resources for building infrastructure are endangering our existence as a free nation as well as betraying our Founding Fathers demand that we
promote the general Welfare and secure the Blessings of Liberty to ourselves and to POSTERITY. V**ers, your adorable grandchildren are depending on you for their arsenal. Start taking names!
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Questions? Get answers from economists at
www.umkc/econ/???/.edu=========================================================
T***hs supplied by Marvin Sussman are derived from the following sources:
*Austerity (Oxford U. Press) by Mark Blyth, Brown U. Professor of International Political Economy.
*Freedom from National Debt (Two Harbors Press) by Frank N. Newman, former Deputy Secretary of the US Treasury, recipient of the Treasurys annual Alexander Hamilton award.
*Modern Money Theory (Palgrave Macmillan) by L. Randall Wray, UMKC Economics Dept.
*NewEconomicPerspectives.org by Dr. Stephanie Kelton, Chairperson, UMKC Economics Dept. *Seven Deadly Frauds of Economic Policy (Oxford U. Press) by Warren Mosler, economist.
*The T***h about the National Debt: Five Myths and One Reality (Harvard Business School Press) by Francis X. Cavanaugh, US Treasury economist for over 30 years.