Money Tree by Op Ed News
As Rep. Grayson discusses in the appeal below, there is an easy way to cancel the arbitrary and economically unsound sequester -- just do it.
What Grayson doesn't say is that the sequester is possibly even unconstitutional in that it thwarts the will of Congress itself by underfunding those programs it has already approved. Under the 14th Amendment, Section 4, all debts incurred during the Civil War shall be unquestioned and paid. Many legal scholars (though not "constitutional scholar" Obama, it seems) argue that this establishes a precedent for the U.S. to ALWAYS pay its debts. The same is true from the constitution's original Article 6, which promised to pay debts owed under our country's Articles of Confederation (Constitution 1.0). The president could use either of these to pay for pre-approved government services, by directing Treasury - a department of the executive branch - to issue debt-free U.S. Notes in sufficient quantity to make up the difference. This is particularly true if, as seems likely, the debt ceiling once again becomes an issue.
See this article: Government Sequestration Cuts Pale in Comparison to Rampant Fiscal Abuse, which uncovers many trillions in waste at the Pentagon - literally decades of sequester-sized abuses - with which the government could cover its deficit, which is shrinking anyway. I was in touch with the author of this piece, who runs a small business promoting organization, and who is also interested in my proposed solutions from: America is not Broke, here: http://www.huffingtonpost.com/scott-baker/america-is-not-broke_1_b_1904062.html. After reading my comment and my article he replied: "I think the real magnitude of waste, fraud and fiscal abuse in our government would shock even you and I. What is amazing to me is you don't see these stories in the mainstream media. Most Americans don't really understand how corrupt the federal government is because of that. I have read your blog and it's exceptional. I want to learn more about your organization. There are so many simple solutions to our nation's financial problems but they don't make any money for the corporate giants and billionaire bankers that seem to call the shots in Washington so they are never even discussed in Congress..."The sequester is a distraction, designed to make us think Washington is "doing something" over a "hard problem" with "no easy solutions." I don't know how many politicians, including the president actually believe the federal budget is like the family budget, or that the government operates like the corner bodega, but it's not and it doesn't.
Government can "coin Money" under article 1, section 8, as Lincoln did -- the original "Greenbacks" -- at any time, for any reason, in any quantity.
Obviously, government can tax some parts it hasn't - and even collect the economic rent, which it has mostly failed to do. See how Norway does that with an oil fund, and how it has one of the highest standards of living in the world vs. Alberta, which has more oil but undercharges for it, and is in perpetual debt.
There are many, MANY, solutions to our economic imbalance, which has created the greatest wealth inequity in our country's history. The sequester isn't one of them.
From: Rep. Alan Grayson
Subject: How to Cancel the Sequester, In One Sentence
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