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Interests: Website: <a href="">Social Choice and Beyond,</a> Jazz, Art, Travel, Societal Architecture, Information Theory, my Grandchildren
Recent Activity
This is an example of how the US defense contractors profit by selling destructive weapons to both sides in any military situation. The American people should insist on some sanity here. If a nation supports terrorism, no American corporation should be allowed to sell it weapons. Saudi Arabia also supports terrorism and the US just sold it $110 billion worth of weapons. Without arms sales US GDP would plummet and that would be bad for business and employment.
I don't pretend to be a financial expert, but my take is that, rather than paying interest on the national debt, the government just issued the money itself directly into the economy rather than selling bonds like Abraham Lincoln did with greenbacks, the government could avoid future interest payments altogether. That way the government could avoid higher interest payments when the rate goes up since it would just be paying off bonds at lower interest rates. In addition bonds held by private American banks can be moved onto the Fed's balance sheet, but I don't think bonds held by private investors or perhaps other foreign entities, like sovereign wealth funds, can.
Trump famously said he could stand in the middle of 5th Avenue and shoot someone and get away with it in the sense that he would not lose any voters. Well, if he can do that, he certainly could get away with impeachable offenses without getting impeached.
Toggle Commented May 14, 2017 on The End of Trump at California Free Press
Let's hope that the Dems will filibuster this abomination in the Senate. Repubs have 54 seats in the Senate.They need 60 votes to stop a filibuster so there should be no problem.
Thanks for your comment, Paul. Unfortunately, too many of the good jobs these days are with industries like Wall Street, the military-industrial complex, chemical companies and the oil and gas industry. A lot of those employees like Lloyd Blankfein of Goldman Sachs feel like they're doing "God's work." Even Dow and Monsanto have the slogan like they're going to "feed the world." For the fossil fuel industry they're making America "energy independent." And of course the military -industrial complex is making the world "safe for democracy." Each person has to decide for themselves where the truth lies.
Paul, thanks for your comment. How did you sign in?
This is an important document by Frank Thomas which should be widely distributed and read. He refutes the "climate change deniers" and backs up his writing with exhaustive research. Problem is the Trump administration and other climate change skeptics really don't care what happens to planet Earth 100 years from now. All they're interested in is short term profits. So a few people will get to go back to work in the coal mines until they come down with black lung disease. Many more are currently being employed in the renewable energy industry. That's the future.
Reich speaks the truth!
Toggle Commented Nov 30, 2016 on California versus Trumpland at California Free Press