SWAMPED By Images Of Ridiculous LACK of Public Investment

Commentary by Roger Erickson

Heritage Foundation's 15 Pictures of Ridiculous Government Spending Guaranteed to Make You Madly Distracted, Divided and Conquered

Why, just for little old us, HF graciously croons: "We’ve compiled just 15 examples of the ridiculous government spending that is driving America toward a $17 trillion [private sector liquidity pool]."

What's wrong with this picture? Is that YOUR culture and heritage foundation protesting too much? Or just ignoring statistics, context and paradigm ... all simultaneously? Why are they dissing orient? They epitomize the confluence of those two concepts!

Sadly, HF's picture of reality is SWAMPED by images of ridiculous LACK of public investment in ourselves. It's the ratio, dudes, not either one.

Yet here they are, trying to impress us with the calamity of the stunning, scary, stop-you-in-your-tracks numeral FIFTEEN!!! Why, it virtually screams off the page! And threatens us with imagery to boot. Hah! Good thing PT Barnum's America is not easily swayed! :)

These HF idiots can't see the fiat for the Forex? Good thing they're not into trading too. They'd drain the Middle Class dry in one generation.

Chock this up to yet another thing that, if the NeoCons can't see, they're hiding from themselves?

It's amazing what a little semantic translation will do to a sophist argument.

I fully expect the Heritage Foundation to respond with a claim that we're running out of soph, and may not be able to scrub the nation clean of logical hearsay. Either their foundation is running, or that's drool on their chin, or both. Regardless, it's a ridiculously sad image, for everyone forced to look. The herits are showing their age, and little more. Time to save us all further embarrassment and shame, by investing in a comfy rocking chair for them, in a house of mirror, where they can't hide from themselves - or anyone else.

Repeat This Message Weekly, Until it Sinks In. "Taxes Don't Fund Fiat."

Commentary by Roger Erickson

Introducing Peasant's Logic Concerto, a Political Movement in Three Parts.

Question #1: How many times, and how often, do you have to restate the obvious, to each generation?
Answer #1: Until the message is even heard by - then actually sinks in for - a just-adequate proportion of the electorate.

Question #2: Do fiat taxes fund anything in fiat currency systems? (Seriously, we need to ask? Ok. Fine. Proceed.)
Answer: #2: Consult a dictionary, look up the word "fiat." Then actually think.

Question #3: Do USA FICA taxes "pay" for Social Security benefits?
Answer: #3a: (see answer 2, above; apply critical thinking; if still confused, proceed to answer 3b)
Answer: #3b: FICA taxes are - functionally - completely irrelevant to Social Security benefits. Rather, they represent pure politics.

Seriously folks, in countries using a fiat currency system, fiat taxes fund neither DoD or SocSec, nor any other public policy. "Fiat" is a dimensionless, dynamic metric used in agile management of static assets.  In the USA, what part of fiat do we choose, by fiat, to NOT understand - since 1933? A "fiat" currency system - by definition, means that we issue currency as needed, then just stay between the tolerance limits of deflation vs inflation. A deficit in fiat is semantic nonsense, used only by politicians and lobbyists to confuse themselves as well as a carelessly thinking electorate.

Don't agree to behave like one of PT Barnum's marks. Be a citizen. Demand that people and politics can't prosper simply by under-estimating your intelligence. Our economy deserves more than circus work for clowns. Adequate amounts of daily thinking is good for our nation's cultural health.