I think it all comes down to

trkingmomoe — Wed, 13 Feb 2013 12:18:48 +0000

I think it all comes down to a Wall Street fight. A battle between banking policy and fiscal policy. The banks want to have all retirement funds and insurance funds in their control to make short term profits. Fiscal policy is long term government control of the economy for the common good. Most people don't have any understanding about how money grows, flows and kept accounted by governments. It is different from checkbook accounting and business accounting. They don't understand the limits of a market economy. So some that now have seats in our government belong to the money brokers who are pushing to limit government programs that the banks want to profit from. So false information like "we have to limit our debt and spending so our grandkids won't be burden with our debt." To limit the debt and spending is to limit the ability for fiscal policy power over money. It also limits the growth of the real economy. You just have to take a look at Europe right now to see that. Look where the big fights are in banking oversight and public controlled retirement insurance funds. They refuse to pay our debts until we give up public programs like SSI and Medicare. Mr Brooks don't know what he is talking about and Mr Krugman does a good job of pointing that out.

dagblog - Comments for "The Selfish American?"

I think it all comes down to