Political Quotes

“A New Year's deal for New Year's Day--or is it Groundhog Day? Because like the movie ``Groundhog Day,'' this government in 2 months will arrive at another crisis of debt, of spending, and taxes. Our debt-based economic system, with its exponential growth of debt due to compounded interest, consigns us to massive unemployment, threatens the social safety net, a deteriorated infrastructure, a psychology of poverty amidst plenty, austerity. Congress must regain its full power accorded under the Constitution, article I, section 8, to coin, to create money, to invest in our Nation interest-free, to put America back to work. Why go into debt borrowing money from China, Japan, South Korea, when we have the constitutional authority to protect our economic sovereignty and to ensure America's long-term fiscal health? The endless cycle of increasing taxes and cutting spending will not work because the debt keeps ballooning with compounding interest. It is time for a new American monetary policy to climb out of poverty and debt. Reforms are outlined in the National Emergency Employment Defense Act, H.R. 2990. It's the NEED Act. Let's regain control of America's destiny. ____________________”