For the social compact of the United States, most of the Congressional Progressive Caucus has gone missing.While still on the caucus roster, three-quarters of the 70-member caucus seem lost in political smog. Those 54 members of the Progressive Caucus haven’t signed the current letter that makes a vital commitment: “we will vote against any and every cut to Medicare, Medicaid, or Social Security benefits — including raising the retirement age or cutting the cost of living adjustments that our constituents earned and need.”More than 10 days ago, Congressmen Alan Grayson and Mark Takano initiated the forthright letter, circulating it among House colleagues. Addressed to President Obama, the letter has enabled members of Congress to take a historic stand: joining together in a public pledge not to vote for any cuts in Social Security, Medicare or Medicaid.The Grayson-Takano letter is a breath of fresh progressive air, blowing away the customary fog that hangs over such matters on Capitol Hill.
The Progressive Caucus co-chairs, Raul Grijalva and Keith Ellison, signed the letter. So did Barbara Lee, the caucus whip. But no signer can be found among the five vice chairs of the Progressive Caucus: Judy Chu, David Cicilline, Michael Honda, Sheila Jackson-Lee and Jan Schakowsky. The letter’s current list of signers includes just 16 members of the Progressive Caucus (along with five other House signers who aren’t part of the caucus).
Congress seems remarkably ignorant of basic economic principles like the catalytic nature of money. Sovereign money such as that envisioned by the founders is not a limited resource choke point like farmland or oil. LIke scientific knowledge, it’s only a catalyst which facilitates the conversion of farmland or oil into food and transportation, the stuff of modern civilization. There is no shortage of solar energy and seeds, or of people who would produce, transport and consume the resultant produce if given the chance. The shortage is in the tokens of economic value that would facilitate such processes.
It’s as if they were arguing that they’ve run out of numbers.
The stewards of the monetary system are crooks. The choke point is the privately controlled federal reserve system. Congress has the power to bypass the fed, coin (create) money and spend it on needed projects for the general welfare. Why aren’t they doing it? Because their careers are dependent on the largesse of the money fraudsters.