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View Diary: Take military and veterans benefits off the Grand Bargain table (96 comments)

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  •  The deficit is a consequence of insufficient (1+ / 0-)
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    spending by Congress and hoarding by the private sector. So, the money isn't moving and the economy is sluggish. The Congress and the private industrial/commercial/financial sectors are stalling production, trade and exchange, but for different reasons. The Congress wants to demonstrate its power to make life miserable for citizens who aren't sufficiently subservient. Having over a hundred freshmen in the House after two elections has not imparted the message that the Capitol Hill Gang has to shape up. Rather, the time-servers are convinced that they have double down and assert their powers.
    Wall Street, on the other hand is waiting for a return of the good old days when they could expect to collect interest and dividends in excess of eight percent. The unearned income they can currently expect is simply unacceptable. So, they continue to hope that if they make money scarce, people will pay them more to borrow.

    How long will it take for the reality to sink in that trying to use the currency to manipulate the economy is a lost cause? Who knows? The problem with manufactured deprivation is that those who produce will eventually find a work- around. Once organized a black market or underground economy is very hard to revers. Just ask the Greeks.

    We organize governments to deliver services and prevent abuse.

    by hannah on Sun Dec 02, 2012 at 04:22:21 PM PST

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