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CONTACT: Congressman Dennis Kucinich Nathan White (202)225-5871 |
“We Are the United States of America, the Greatest Country on Earth. We Envision Wealth. We Don’t Default. We Create Wealth. We Don’t Default. We Build Wealth. We Don’t Default.” -- Kucinich
WASHINGTON - July 28 - Congressman Dennis Kucinich (D-OH) today went to the House floor to outline the steps we can take to avoid default and lead America out of debt.
See the video here. The full text of Congressman Kucinich’s remarks follow:
“Here is what we should do to avoid default: increase the debt ceiling with no strings attached.
“Here is how to get out of debt: End the wars -- save one trillion over ten years. Repeal tax cuts to the wealthy: Save another trillion.
“Medicare for All: End the four hundred billion yearly subsidies for health insurance industry.
“Renegotiate trade agreements with workers rights, human rights, and environmental quality principles: save millions of jobs and billions of dollars.
“The Fed creates money out of nothing and gives it to banks. Why should our country go into debt, borrowing from banks when we have the constitutional power to create money and invest in jobs?
“We can have another New Deal where we put millions to work rebuilding our bridges and transportation system.
“We can have a Works Green Administration where NASA is the incubator of jobs designing and engineering wind and solar micro technologies for private sector manufacturing, distribution, installation and maintenance in millions of homes, saving money, energy and protecting the environment.
“We are the United States of America, the greatest country on earth. We envision wealth. We don’t default. We create wealth. We don’t default. We build wealth. We don’t default.”
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83 Comments so far
Show AllThe Fed recently stated in defense of NOT providing Bloomberg with info on financial transactions through a Freedom of Information Act request that the Fed is NOT a federal agency of the US government and therefore not bound by FOIA law. WTF?
So the Fed CAN lend 16 trillion dollars at ZERO percent interest to their friends in this country and other countries as well and that's A-OKAY. Yeah, inflating the currency massively to help banksters pay derivative gambling plays gone bad is just tough luck for the rest of the people in the USA that see their dollars lose value while the CPI calculations ignore this grand larceny/embezzlement fox in the henhouse clusterfuck that continues to this day.
And we the people are supposed to PAY for the interest on the T-bonds that these assholes all over the world were given FREE money (ZERO % loans) to buy from the US treasury complements of the fed?
Fed in secret $16 trillion bailout of US and European banks, By Andre C James, digital journal
Results of the first ever Government Accountability Office audit of the Federal Reserve in its 100 year history indicate that the bank dished out $16 trillion to most major banks, corporations and governments in what the Fed calls all-inclusive loans.
From the period between December 2007 and June 2010, the Fed issued $16 trillion in loans at zero percent interest. To date, these loans have never been paid back.
The Government Accountability Office (GAO) recommends stricter controls and greater defined policies aimed at reigning in the Fed Reserve which to date has acted independently, simply printing money and handing out loans to foreign banks whilst the American economy faces its most trying period since 1939.
Hell, the GAO should be urging the DOJ to put the bastards in jail!
How about some perspective here? The bloated pentagon budget (including the wars and black budgets) is about 1.5 trillion a year. EVERY other budget item in the US annual budget is much smaller. When you divide the 16 trillion (and that's just stuff we are learning about now - the open market operations jacking up the stock market are not included and are easily over a trillion dollars since March of 2009) by 4 years, you still have almost 4 times as much money spent as on war EACH YEAR FOR THE LAST FOUR YEARS!
So the fed has all the power of the US government when it wants to print money and lend it to elite bankers all over the world but when a FOIA request comes in, they can deny they are a fedaral government agency. Talk about having it both ways.
JAIL BERNANKE FOR GRAND LARCENY, EMBEZZLEMENT AND COUNTERFEITING. .
"itsjustkarma"
The greatest number of corporate tools masquerading as humans.
Thank You for adding some more. There is one that I believe to be the most infamous 'greatest' of them all.
The United States has the greatest number of casualties from 'Iatrogenic Illness'. ~784,000 Americans die every year from 'Illness due to medical treatment'. They did not die because of their disease or sickness. They died from the 'cure' that the for profit health care system shoves them down their throats to please corporate shareholders. For various reasons I decided a while ago to tone my comments down a bit. Therefor I will refrain of telling you what my words are for such infamy.
I totally agree. This country is the shame of the world.
Dennis Kucinich should quit his job & join the Wall Street Occupation on Sept 17. We need a freakin' revolution!