Committee Petitions U.S. Congress
The Committee for Economic Reform and a
Better Economic Future petitioned the U.S. Congress today to hold open meetings
to discuss and debate their Alternative Economic Stimulus Plan.
The
economic stimulus plan does not rely on government bailouts and trillions of
dollars of government deficit spending. The stimulus plan they are proposing
will not cost the American people anything over time.
As explained to me,
there is a major flaw in our economic policies. There is too much debt being
created in the inflation economic cycle, which leads to a recession or
depression.
When a recession is created, the government repeats the same
mistake of creating a huge deficit, to stimulate the economy that leads to
inflation. By using the income tax to discourage excessive credit use, to
maintain a balanced economy, will help eliminate the endless cycles of inflation
and recession.
The currant recession can be corrected without the
government creating a huge deficit. By using the Alternative Economic Stimulus
Plan to stimulate the economy, it will end the recession without creating
another inflation cycle.
Their plan relies on a few policy changes to
lower mortgage rates by 2 to 3%, which will reduce most people's monthly
mortgage interest payments by 50% when they refinance their mortgages. There-by
increasing their disposal income an average of $750.00 per month! That's like
receiving a $750.00 stimulus payment every month for 30yrs.
With safe
guards included in the plan, the chance of another housing bubble is nil. Their
stimulus plan also includes a policy that will help those homeowners that owe
more on their mortgages than what the house will sell for.
Our economy
has been turned upside down. Instead of the enterprise-capitalistic economic
system providing the needs of the citizens, the government is attempting to
provide employment, social programs and economic stimuli with a huge deficit.
Because of the government's excessive spending, the government will have to
either raise taxes or create inflation to reduce the debt.
A problem
arises when Congress does not use the increased revenues when the economy comes
out of recession and taxes are raised, to decrease the debt. Instead of paying
down the debt, they re-inject the money into the economy, thru programs and
expenditures, increasing the money supply. Thus creating an inflation economic
crisis, that the increased taxation was designed to prevent.
It is the
enterprise entity that needs the means of exchange increased to facilitate the
exchanging of goods and services. With the correct amount of the means of
exchange, the enterprise entity will start working again. By balancing the means
of exchange with supply the recession will end and the unemployed will be
employed, increasing their disposable income. This will increase economic
activity, thereby restating the economy.
Advisers surround President
Obama. His primary economic advisors are from the capitalistic entity. He is
being incorrectly advised. The capitalist are more concerned about balancing
their books than providing the enterprise entity with the means of exchange it
needs, which will allow the enterprise entity to work, there-by balancing the
books of the capitalistic entity.
On our Federal Reserve notes is printed
IN GOD WE TRUST it should read IN THE FED WE TRUST. The government gave its
power over the money supply to the Fed. The Fed with its interest rate policies
and the government's misguiding tax policies are the people's agencies that
created the currant economic crisis. People that did not understand the dangers
of credit helped them. Add in greed and you have a perfect storm, heading for a
major economic crisis.
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