We need a new New Deal.
Yeah you're likely right that it's just political grandstanding but the fact the letters are printed and ready to be sent out suggests that even the politician's are unsure if they're political maneuvering is going to work. It's like a driver taking the wheel of a bus full of people with a letter in his back pocket saying he might decide to jump out of the bus if it gets too close to a cliff.
Personally I'd rather see us deal with the politician's that drained the Social Security trust fund and filled it with IOU's, that's the real reason Social Security is doomed to fail. It's not that people are living longer although that does compound the problems Social Security faces. In the end though it's because government diverts the excess of monies collected after benefits are paid, to the treasury so that the politicians can access those monies like tax revenue. What should be happening is that money should be allowed to sit there and draw interest in order to cover things like people living longer.
IMO, Jeffersonian democracy itself (Articles of Confederation) beget federalist control (Constitution). Some like to reminisce of the days prior to the states asking the federal government to arbitrate their respective grievances. What followed was law and some that don't agree with this outcome think of Jefferson's revolution every twenty years as palpable.
But getting down to it, one has to suspend the idea of majority rule our founding fathers intended, at least the majority of them.
Middle Ages or today me and you are still peasants. And no I'm not your mother. I'm your daddy.You aren't my mother, are you?
Yes we do...replace unemployment and welfare with WORK projects. Instead of giving a few trillion to business...we should be paying people to work on things we NEED. Not just paying them to sit home and watch TV.
That's NOT what they intended! They created a Constitutional, representative, republic. They wanted smart, educated, landowners to represent us. We/they entrusted the smartest amongst us to make the right decisions for everyone else.
It's gotten WAY carried away.
Maybe it IS time to do a governmental reset. Pull them ALL out and start over with all new people? One thing Jefferson was right about...the political party system...it has enslaved us...it did to me anyway. What REAL freedoms do we have? Freedom of association? There are more "discrimination" laws than any other I'm aware of. Freedom of speech? Right...people get banned HERE for saying the "wrong" things. Freedom to make my own choices? Like growing/smoking an herbal medicine? I don't even get to keep all the fruits of MY labor! I'm FORCED to "split it" with others. I'd rather have more anarchy and freedom...than to have my "prison" get any smaller so we can "all have the same things and be equal".
powers not specifically granted to the fed were supposed to be left to the states,
the fed only had currency, military, and state representation to worry about...
mob rule, lol
The US dollar will lose its status as the global reserve currency over the next 25 years, according to a survey of central bank reserve managers who collectively control more than $8,000bn.
More than half the managers, who were polled by UBS, predicted that the dollar would be replaced by a portfolio of currencies within the next 25 years.
That marks a departure from previous years, when the central bank reserve managers have said the dollar would retain its status as the sole reserve currency.
UBS surveyed more than 80 central bank reserve managers, sovereign wealth funds and multilateral institutions with more than $8,000bn in assets at its annual seminar for sovereign institutions last week. The results were not weighted for assets under management.
The results are the latest sign of dissatisfaction with the dollar as a reserve currency, amid concerns over the US government’s inability to rein in spending and the Federal Reserve’s huge expansion of its balance sheet.
“Right now there is great concern out there around the financial trajectory that the US is on,” said Larry Hatheway, chief economist at UBS.
We were supposed to be a Constitutional Republic. That died long time ago.
At the very least we are a representative democracy. I'd argue totalitarian democracy.
Democracy was once thought by many to be the worst form of government. Two wolves and a sheep trying to decide what to eat for dinner. Now it's cheered as the greatest form of rule around the world.
Proletariat cheering for their own destruction? Seems to be a common theme throughout history.
I can't consider our current political system anything more than an abject failure. Our currency is failing, our economy is failing, and our political system is failing. One big Epic Fail."Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote."
Benjamin Franklin
The party started to wind down IMO when the masses figured out how to vote themselves money from the state coffers (welfare and entitlements).When the people find that they can vote themselves money, that will herald the end of the republic.
Benjamin Franklin