More ignorance from Peter Suderman

If you’ve not already read it, or don’t remember it, I invite you to read the January 31, 2015 post: Mr. Suderman, what exactly is the “Welfare State”?.

The article discussed how Suderman, a film critic and editor, claimed that benefits to the middle-classes and the poor constitutes a “welfare state.”

(All those tax breaks and other benefits to the rich are just fine, thank you.)

In Suderman’s latest demonstration of abject ignorance about economics, he wrote:

Neither Clinton Nor Trump Would Reduce the National Debt
Clinton’s policies would increase the debt less—but would still leave the budget on an unsustainable path.

Ah, the old “unsustainable” federal debt lie.

By way of reminder, we showed you the annual claims beginning in 1940 (Yes, 1940!) that the federal debt was a “ticking time bomb.”

Well, believe it or not, 76 years later, that ole’ bomb still’s a’tickin.’ It more recently morphed into a “looming collapse,” and now is “unsustainable.”

There is nothing wrong with being wrong. We all do it on occasion, though being wrong consistently for the past 76 years might give one pause, or at least a bit of humility.

No pause or humility for Suderman, however. He’s still shoveling the same old Tea Party bullsh*t.

When he, or others of his ilk, say the “debt” is “unsustainable, notice they never, ever say what “unsustainable” means.

Does it mean the government can run short of dollars, its own sovereign currency it originally created from thin air?

Or does it really mean, the very rich hate that dollars are being spent to narrow the Gap between the rich and the rest?

Well, anyway . . .

Here is a note to Peter: Please allow me to direct you once again to: Monetary Sovereignty, the key to understanding economics, and to: Lunch really can be free, so that at long last you may begin to understand Monetary Sovereignty and the reasons why the so-called federal “debt” is not, and never will be, “unsustainable.”

It’s not even a “debt.”

In the event Peter doesn’t see this post, will someone please contact him and relieve him of the misery of his misunderstandings.

And while you’re at it, please contact your political representatives and local media, so they too can stop disseminating the Big Lie.

You will do your nation and your family a real service, as we may stop talking about unnecessary and harmful reductions in Social Security and Medicare benefits, and about a disastrous reduction in federal deficit spending.

No, the federal deficit and debt are not “unsustainable, ticking time bombs.” No, federal spending is “not funded by federal tax payers.” No, the government cannot “go broke,” and no, the government does not need to “live within its means.”

What you have been hearing from the Suderman’s of the world is a lie, designed to keep you in financial bondage.

The sooner you understand that, and encourage adoption of the Ten Steps to Prosperity, the sooner you can free yourself.

Rodger Malcolm Mitchell
Monetary Sovereignty
Ten Steps to Prosperity:
1. ELIMINATE FICA (Ten Reasons to Eliminate FICA )
This article addresses the questions:
*How much would it cost taxpayers?
*Who opposes it?”






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