Gary, you may find the subject Modern Monetary Theory very relevant to your thinking. It appears you have many of the traits of MMT's advocates. One objection I read from your's is that foreign investment or foreign trade imbalance really is not draining the money supply basically because that I.O. U. or Treasury Security is a savings account that can only be spent or draw interest in dollars. Those dollars in savings are the sum balance of dollars that are in circulation, or in the money supply. One is the other in the ledger book, so to say. If we did not have the 18 trillion supposed debt or Treasury Security's we would not have any money to loan to the economy. Best Regards.
I've spent the last four years working as a volunteer with Move To Amend to restore our Constitution back to what it was before the Supreme Court came up with the bullshit notion that money is equivalent to free speech and that corporations have inalienable human rights. I've read most everything regarding an Article V Convention, which was included in our Constitution for this exact situation -- a corrupt Congress in bed with moneyed special interests.
If you know anything about economics you'd know that a balanced budget amendment is a terrible idea. When the economy tanks, the government becomes the spender of last resort. With BBA, we'd go into a recession and never come out. The real problem is, when the economy is good, we need to pay down the debt aggressively. We don't do that. Instead, we cut taxes for the rich. Everyone hates the government and indeed it's royally screwed up. The reason it's screwed up is the politicians are just puppets of their "funders".
This article barely touches on the key issue. There should no fear of a runaway convention, since both houses in 38 states have to ratify any amendment. The purpose of Kapenga's AB635 is to disenfranchise the voters of WI. The Tea Party is engineering America's first Artice V Convention in history. And they don't want the citizens, the voters, the little people to have any say in what happens. They want the Governor and the Republican legislator to hand pick the delegates to America's first Artice V Convention. If one of their hand picked delegates has the nerve to bring up the problem of corruption, the billions of dollars that buy politicians so that international corporations pay no taxes and have no regulations, then those delegates can be charged with felony arrest, for disobeying the "instructions" of their corrupt masters.
Our democracy is long gone. Replaced by a government that only cares about moneyed special interests. The oligarchs use divide and conquer to keep all us little people fighting left versus right, while they pick at the corpse of our representative republic.
If you care about your children, if you care about America, you need to wake up, get off the couch and get active. Find the Move To Amend group near you.
All large corporations need to start giving the money back. With an average 0.4% (effective) federal tax rate after all deductions and tax loopholes are realized, corporations are devastating the economy. Although these tax loopholes are all "legal", the loopholes were implemented by puppet politicians believing the ultra-rich needed a break. Look at the results of short-sighted economic policies.
Scooter's comment is pretty much the opposite of reality. His MO has been to turn on the cloaking device at election time and then unleash the hounds right after. Neither Act 10 nor RTW even came up during his two regular elections, then suddenly were fast tracked by his legislative henchmen. Walker is great at claiming to be the opposite of what he really is.
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