“We’re in a recession, and Washington is doing nothing about it.” According to recent survey research, that’s one of the most powerful arguments progressives can make right now. The White House says “we have avoided a recession.” [Market Watch] But Americans overwhelmingly disagree. They describe the economy as in recession and support an economic growth package—for good reason.
According to J.K. Harris, 1/5 of all households are in trouble with the IRS.
That does not tell us that 20% of Americans are deadbeats, but that taxes are and have been far too high for far too long, and a single $600 check does not redress that offense.
I am not going to get into whether the taxes are legal or not. In a government that simply does at it wishes regardless of the law such arguments are pointless. We have re-entered a barbaric stage of civilization where the strong take and the weak surrender. Current events will end one of only two possible ways. Either the US Government will simply collapse as did the USSR, or there will be a revolution hopefully as brief as that which occurred on Romania. There is no third alternative.
The reason the economy is in trouble is that we have been taxed into ruin by a government that viewed borrowing money and sticking future generations with the payments as a divine right, aided by banks who only needed print up the money and who understood that business is better when one spends what others are forced to earn.
The government won't fix the economy. They are too deep in debt to be able to do so. The banks won't fix the economy. The current state of the economy is a direct result of how the banks are set up to run, and they cannot fix the economy without first admitting that their core policies were at fault, and they will never do that.
You have heard the phrase "clash of civilizations." Well, it is not, contrary to the propaganda, about religion, but about competing and clashing economic systems. One one side you have monetary systems with currencies of fixed absolute intrinsic worth, such as how the US was first set up, and on the other you have a fiat monetary system of debt-instrument paper money whose value is whatever the issuing bank says it is from day to day.
Hitler revived Germany's post-WW1 economy by abandoning the reserve banking system and issuing new currency with a fixed value. That is when the bankers around the rest of the world declared a boycott to wreck Germany before the rest of the world's people saw how much better life was without a fractional reserve banking system running your country.
John F. Kennedy tried to do the same here in the US by issuing "United States Notes" backed by silver, but he was killed and his notes taken out of circulation. It is significant that one of the members of the Warren Commission investigating the assassination was John J. McCloy, Chairman of the Board of the Chase Manhattan Bank, an institution not known for its expertise in homicide investigations.