The United States is neither a Business, nor akin to an American Household ... the United States of America is a Sovereign State that coins its own money and imbues said money with value by doing so. To be clear, without the Sovereign Power, and Full Faith and Credit of the US Government greenbacks would be worthless.
That said, the Sovereign, United States of America needs neither a Debt Limit, nor an Operating Budget to function. In fact, both are impediments to taking the types of bold actions that only the US Government can engage in to move our nation beyond the current crisis. It is a myth to believe that "Free Market" Capitalism has been a savior for any but the few, who crave wealth and power at the expense of the rest of the society they rely on.
Though many try, it is impossible to monetize the power of the United States of America, for our nation exists above the petty and base rules of economics, always has, and as long as it is truly free ... always will.
Read the Article at HuffingtonPost
No comments:
Post a Comment