To fix America's economic woes:
1)Eliminate the "federal" reserve; have congress/treasury issue DEBT-FREE currency;
2) Make fractional reserve lending illegal;
3) Make government borrowing illegal
Problem fixed.
Without these steps, nothing else will work.
I hope Mittens is listening.
Two polls released overnight show that Mitt Romney and Barack Obama are running neck-and-neck in the national polls. As the two candidates run furious get-out-the-vote efforts between now and Tuesday, the race looks to be as tight as it's ever been.
The latest Washington Post/ABC News poll revealed the candidates to be tied with 48% support each among likely voters. What's more, self-identified independent voters split their support cleanly between the two candidates as well.
The final national NBC/WSJ poll, as well, showed a deadlocked race. The...
The debt cannot be repudiated.
Balanced budget ammendment to the Constitution, yes.
Debt repudiation, no.
noun
the political and economic theories of Karl Marx and Friedrich Engels, later developed by their followers to form the basis for the theory and practice of communism.
Central to Marxist theory is an explanation of social change in terms of economic factors, according to which the means of production provide the economic base, which influences or determines the political and ideological superstructure. Marx and Engels predicted the revolutionary overthrow of capitalism by the proletariat and the eventual attainment of a classless communist society.