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View Diary: More on Section 4 of the 14th Amendment and the debt ceiling (45 comments)

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  •  The U.S. cannot borrow its own currency. (2+ / 0-)
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    Armando, furi kuri

    The whole charade has been constructed by Congress to evade its own obligation to manage the currency of the United States. For what purpose? To employ money as a tool with which to reward and punish particular populations and secure their own tenure in office. The rewarded are supposed to be grateful and the punished are supposed to repent. Since the electorate apparently did not learn the right lesson from 2009 and voted wrong again, there is a temptation to impose austerity again. Then too, the people who lust for power and get off on the ability to deprive others of the necessities of life tend to be creatures of habit. So, their sadism may just be routine, by now.
    Is it up to the executive to rein in the legislative branch? Not really. There's a reason we have legislative elections every two years. The Founders understood that lawmakers are likely to go overboard and forget that they are tasked with managing resources and dealing with the vagaries of man and nature, not doling out rewards and punishments in the here and now because the after-life is too far away.
    If you think that's a silly perspective, just listen to Alan Simpson justify depriving the elderly of monetary support because they are living too long. When he talks about setting the retirement age at 65 because people were expected to die at 57, he's arguing that the intent all along was to deprive people of some of their wages because some might not drop dead soon enough. And this antagonistic attitude towards his own kind by a representative of the people has been considered acceptable because why? Because he wasn't proposing to kill them off outright -- just let them expire gradually from injuries and illness.
    You see, when the state killing people is legal, then any abusive behavior is sort of a lesser, included right. That throws a somewhat different light on "state's rights," don't you think? In the hierarchy subscribed to by our Uncle Cons, it's not just men who have authority over women and children; the state has the authority to discipline the disobedient and kill those who don't comply. After all, that's why officers of the state routinely get to dispatch even innocent citizens without consequence, as long as they can demonstrate no personal prejudice.

    We organize governments to deliver services and prevent abuse.

    by hannah on Mon Dec 10, 2012 at 07:22:17 AM PST

      •  You're welcome. (0+ / 0-)

        While I was vacuuming, it occurred to me that the "debt limit" does have a precedent, albeit one we have mostly forgotten about. It's called a chastity belt.

        That's what our sadistic old Uncle Cons in Congress are up to. Affixing a chastity belt to the presidency because they can't trust themselves.  After all, that was the excuse for setting up the Federal Reserve Bank as an intermediary -- that Congress could not be trusted to manage the currency or our other resources and assets wisely. Of course, now that most of the natural resources have been either depleted or laid waste, controlling the currency to curry favor is about all that's left. So, it's to be locked away and only brought out for special occasions.

        We organize governments to deliver services and prevent abuse.

        by hannah on Mon Dec 10, 2012 at 08:56:46 AM PST

        [ Parent ]

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