Money and politics: There are only two groups of people who favor unlimited amounts of money in the political system - those who have it - and those who want it. The new spending bill...

lpnmajor Loc: Arkansas

There are only two groups of people who favor unlimited amounts of money in the political system - those who have it - and those who want it.

The new spending bill has ensured that both groups will be happy. The Wall Street banks may now go back to the same types of high profit/high risk ventures, that ruined the economy a mere 6 years ago, thus ensuring new cash to provide the politicians with, for their 2016 bids. It also provides for unlimited amounts of money from single individuals/groups/corporations, thus simplifying the politicians search for cash.

It should be no surprise that this bill passed, with little dissent, as both parties desire the money provided by the bill - and from many of the same sources. After all, the best way a rich person can guarantee that THEIR desires are met, is to provide cash to BOTH parties, thus ensuring that no matter WHO wins - they will be beholden to them and will do what they say.

The only losers in this type of behavior, are the vast majority of the American public, who have lost their representation and who will pay the price for another failure on the part of those who have provided the very funds that bought their representation away from them. You see, the economic system did not fail in 2007-2008, it did exactly what it was designed to do - extract as much wealth from the middle class as possible - then reboot - and extract some more. Why was anyone surprised that record bonuses were paid by these banks, using tax payer money? That's how the system was DESIGNED!

Now, the stage is set to do it all over again, just like has happened EVERY time before - and the same people will suffer the consequences - which is NEVER the bankers or the politicians who allowed it - in fact, they PROFIT from it every time. So, not much can be done in the mean time, but people need to REMEMBER this - when it comes time to vote again in 2016 and remember WHO did it to them - which is both Democrats AND Republicans - and vote independent, thus, screwing up the organized crime syndicate that exists now.

MarvinSussman

lpnmajor wrote:

There are only two groups of people who favor unlimited amounts of money in the political system - those who have it - and those who want it.

The new spending bill has ensured that both groups will be happy. The Wall Street banks may now go back to the same types of high profit/high risk ventures, that ruined the economy a mere 6 years ago, thus ensuring new cash to provide the politicians with, for their 2016 bids. It also provides for unlimited amounts of money from single individuals/groups/corporations, thus simplifying the politicians search for cash.

It should be no surprise that this bill passed, with little dissent, as both parties desire the money provided by the bill - and from many of the same sources. After all, the best way a rich person can guarantee that THEIR desires are met, is to provide cash to BOTH parties, thus ensuring that no matter WHO wins - they will be beholden to them and will do what they say.

The only losers in this type of behavior, are the vast majority of the American public, who have lost their representation and who will pay the price for another failure on the part of those who have provided the very funds that bought their representation away from them. You see, the economic system did not fail in 2007-2008, it did exactly what it was designed to do - extract as much wealth from the middle class as possible - then reboot - and extract some more. Why was anyone surprised that record bonuses were paid by these banks, using tax payer money? That's how the system was DESIGNED!

Now, the stage is set to do it all over again, just like has happened EVERY time before - and the same people will suffer the consequences - which is NEVER the bankers or the politicians who allowed it - in fact, they PROFIT from it every time. So, not much can be done in the mean time, but people need to REMEMBER this - when it comes time to vote again in 2016 and remember WHO did it to them - which is both Democrats AND Republicans - and vote independent, thus, screwing up the organized crime syndicate that exists now.

There are only two groups of people who favor unli... (show quote)

Senator Warren is our only hope. She has to beat Hilary.

Sicilianthing

lpnmajor wrote:

There are only two groups of people who favor unlimited amounts of money in the political system - those who have it - and those who want it.

The new spending bill has ensured that both groups will be happy. The Wall Street banks may now go back to the same types of high profit/high risk ventures, that ruined the economy a mere 6 years ago, thus ensuring new cash to provide the politicians with, for their 2016 bids. It also provides for unlimited amounts of money from single individuals/groups/corporations, thus simplifying the politicians search for cash.

It should be no surprise that this bill passed, with little dissent, as both parties desire the money provided by the bill - and from many of the same sources. After all, the best way a rich person can guarantee that THEIR desires are met, is to provide cash to BOTH parties, thus ensuring that no matter WHO wins - they will be beholden to them and will do what they say.

The only losers in this type of behavior, are the vast majority of the American public, who have lost their representation and who will pay the price for another failure on the part of those who have provided the very funds that bought their representation away from them. You see, the economic system did not fail in 2007-2008, it did exactly what it was designed to do - extract as much wealth from the middle class as possible - then reboot - and extract some more. Why was anyone surprised that record bonuses were paid by these banks, using tax payer money? That's how the system was DESIGNED!

Now, the stage is set to do it all over again, just like has happened EVERY time before - and the same people will suffer the consequences - which is NEVER the bankers or the politicians who allowed it - in fact, they PROFIT from it every time. So, not much can be done in the mean time, but people need to REMEMBER this - when it comes time to vote again in 2016 and remember WHO did it to them - which is both Democrats AND Republicans - and vote independent, thus, screwing up the organized crime syndicate that exists now.

There are only two groups of people who favor unli... (show quote)

_______________________________
Prettymuch and Good Luck with that Voting thing again Major.
It wont work then either.

lamont

lpnmajor wrote:

There are only two groups of people who favor unlimited amounts of money in the political system - those who have it - and those who want it.

The new spending bill has ensured that both groups will be happy. The Wall Street banks may now go back to the same types of high profit/high risk ventures, that ruined the economy a mere 6 years ago, thus ensuring new cash to provide the politicians with, for their 2016 bids. It also provides for unlimited amounts of money from single individuals/groups/corporations, thus simplifying the politicians search for cash.

You are absolutely right. It's all about the have's and the have not's. If you really think about it, it goes all the way back to the Lincoln era. But the real theft didn't start until the late 1800's. The first bust came in 1895 with the robber Barron's, and again in 1907 when J.P. Morgan orchestrated a financial collapse. He, and others, did it again in 1929. However, there have been many busts since, mainly orchestrated by the same people in power. 1987, 2000 and 2008 all come to mind, and all had the same affect. As you stated, it all came out the pockets of the taxpayer (middle Class). This next go round, I'm afraid there won't be much left of the middle class, if there is much left now. Jim Rickard's has predicted that this time around it will make 1929 and 2008 look like a picnic.
It should be no surprise that this bill passed, with little dissent, as both parties desire the money provided by the bill - and from many of the same sources. After all, the best way a rich person can guarantee that THEIR desires are met, is to provide cash to BOTH parties, thus ensuring that no matter WHO wins - they will be beholden to them and will do what they say.

The only losers in this type of behavior, are the vast majority of the American public, who have lost their representation and who will pay the price for another failure on the part of those who have provided the very funds that bought their representation away from them. You see, the economic system did not fail in 2007-2008, it did exactly what it was designed to do - extract as much wealth from the middle class as possible - then reboot - and extract some more. Why was anyone surprised that record bonuses were paid by these banks, using tax payer money? That's how the system was DESIGNED!

Now, the stage is set to do it all over again, just like has happened EVERY time before - and the same people will suffer the consequences - which is NEVER the bankers or the politicians who allowed it - in fact, they PROFIT from it every time. So, not much can be done in the mean time, but people need to REMEMBER this - when it comes time to vote again in 2016 and remember WHO did it to them - which is both Democrats AND Republicans - and vote independent, thus, screwing up the organized crime syndicate that exists now.

There are only two groups of people who favor unli... (show quote)

PoppaGringo Loc: Muslim City, Mexifornia, B.R.

MarvinSussman wrote:

Senator Warren is our only hope. She has to beat Hilary.

:lol: :lol: :lol: :lol: :lol:

lamont

Senator is a bigger progressive that Hillary, and be even worse!

She Wolf Loc: Currently Georgia

America the best government money can buy. Greed has ruined this country. We will be in for a worse time than 2008. The crooks in Washington are so sure of their power they are no longer even trying to hide their true agenda.

Both parties are the same.

She Wolf Loc: Currently Georgia

America the best government money can buy. Greed has ruined this country. We will be in for a worse time than 2008. The crooks in Washington are so sure of their power they are no longer even trying to hide their true agenda.

Both parties are the same.

payne1000

She Wolf wrote:

America the best government money can buy. Greed has ruined this country. We will be in for a worse time than 2008. The crooks in Washington are so sure of their power they are no longer even trying to hide their true agenda.

Both parties are the same.

You can say that again.

MarvinSussman

She Wolf wrote:

America the best government money can buy. Greed has ruined this country. We will be in for a worse time than 2008. The crooks in Washington are so sure of their power they are no longer even trying to hide their true agenda.

Both parties are the same.

This is different:

A PURELY RATIONAL VIEW OF CONGRESSIONAL SPENDING AND TAXING CONTAINING NO OPINION, ONLY FACTS AND LOGIC.
1. Our Constitution obliges and enables Congress to spend and sets no limit on its spending or debt. Thus, Congress has an infinite supply of money and could spend without need for borrowing if Congress would only rescind its law requiring that the Treasury, by auctioning interest-bearing treasuries, borrow an amount at least equal to the annual federal budget deficit. Under the former gold standard regime, by providing savers with a better investment than gold, that law protected our gold supply. No longer needed but still enforced, the law unnecessarily increases federal debt and inhibits Congress spending.

2. Inflation is caused by too much money buying too few resources (goods and services) and is harmful whenever moderate interest rates cannot keep it below 3%. Between 2% and 3%, inflation is beneficial, promoting investment over saving. Below 2%, inflation is dangerously close to deflation, which is a disaster caused by too little money buying too many resources. Who would spend a dollar today if it would buy more stuff tomorrow? With illiquidity threatening all commerce, our economy would freeze.

3. By over-spending and/or under-taxing, Congress causes harmful inflation, the only limit on its spending. As its main purpose, federal taxation reduces inflation by confiscating money from would-be consumers.

4. By consuming resources, Congress spending increases inflation/decreases deflation. Therefore, by spending, Congress can oppose deflation and recessions (see: J. M. Keynes). Ultimately, by sufficient spending on resources, Congress can end deflation and recessions (see: H. Schacht, A. Hitler, F. D. Roosevelt but, tragically, not B. H. Obama. N. P. A. Pelosi, J. A. Boehner).

5. More and/or better infrastructure improves our productivity and reduces our costs. Our nations wealth is increased whenever Congress builds infrastructure by hiring, through private contractors, people and resources that would otherwise remain idle. Also, hired people increase inflation by greater spending.

6. Our nations wealth and inflation are increased whenever Congress builds infrastructure by hiring, through private contractors, people and resources in competition with private industry, limited only by the onset of harmful inflation. Congress choses the winners.

7. For Congress, money is only a means of keeping score and never a store of value. Congress can increase the funding of any of its trust funds by any amount of money. Among other funds, Congress can fully fund the Highway Trust Fund, the Medicare Trust Fund, and the Social Security Trust Fund. We need only resources and time to provide adequate highways and all other infrastructure everywhere. Likewise, with resources and time, Congress can provide sufficient medical care for all, and sustenance for all the aged.

8. The above statements are true regardless of any federal budget deficit. Concerning the federal debt, if, within a brief time, enough holders were to demand redemption of their treasuries, harmful inflation could occur. However, such a demand could happen only if, by our failure to invest sufficient resources in maintaining and renewing our infrastructure, we allowed other nations to far exceed our productivity.

9. Only an irrational voter could possibly disagree with any of the preceding statements. In a just, rational society, such disagreement would be a cause for disenfranchisement, as well as for psychiatric treatment.

©2015 Marvin Sussman All Rights Reserved. Permission granted only to copy entirely. May 24, 2015