Spending. It’s the thing that helped me make my decision to leave the GOP a few years ago as there seemed to be very little difference between them and the Democrats when it came to fiscal responsibility. Where we spend the money is the only big deviation, but both sides of the political aisle have an addiction to spend more than the country has available. In the past, this was dangerous because of the crushing force of national debt that will eventually bring about an economic collapse. Today, the risk is much, much greater and within immediate striking distance.
What a trillion-dollar budget deficit represents today is an avenue through which Modern Monetary Theory could actually be realized in the United States. Those who are familiar with MMT may still be as complacent about it as I was a year ago; “It’ll never happen, not in America.” But as Democrats push Medicare-for-All, the Green New Deal, open borders, state-funded education, reparations, and outright socialism, there’s only one conclusion that any economist or political pundit can come to: If the new thinking of the Democratic Party gets a foothold and initiates some of their plans, then MMT is the only possible way to make it happen.
They don’t even need to initiate all of them. Just one or two will be enough for catastrophe.
In other words, they’re policy proposals are already writing checks the U.S. can’t cash, so every scenario in which a partial implementation of these policies takes place can only happen through MMT. For those who don’t want to read up on it, MMT is essentially the practice of printing the cash to pay the bills. Proponents say it will be different this time from every other failed attempt at MMT because America is responsible enough and too crucial to the world economy for it to cause hyperinflation. Reading the delusional excuses for promoting MMT reveals an uncanny ability to deny reality while simultaneously suppressing common sense. It’s the type of thing that only progressive economic scholars can truly comprehend, and that should terrify you.
By moving the budget deficit into the ten-digit arena, we’ve broken a threshold that gives MMT legs. Whether it’s Alexandria Ocasio-Cortez saying, “You just pay for it,” or Elizabeth Warren constantly saying the rich will be taxed until it’s paid for despite the basic arithmetic that demonstrates this is impossible, they’ll all latch onto the notion that if we can spend a trillion dollars in one year that we don’t have, why can’t we spend two? Ten? Fifty?
On one hand, I want to do whatever it takes to convince Republicans they need to do what they campaign to do: cut spending. It’s not as easy as just pulling the plug on frivolous programs, services, agencies, and whole departments… except that it truly is that easy. It’s not popular. Some say it’s political suicide. But considering it’s never been tried in the modern era (no real cuts have been made to spending in decades), now is the time to be bold and do what’s right for the nation. The rise of the internet in general and social media in particular gives conservatives an outlet through which they can educate the masses about the need to make cuts. It’s something we plan on doing as part of the American Conservative Movement.
But on the other hand, one thing that can’t happen in trying to convince Republicans they’re doing it wrong by allowing them to lose. The Democrats are now more than the lesser of two evils. They’re dangerous. The plans they will implement are existential threats to America. Sadly, many of them know this. The Justice Democrats, who are driving the leftward lurch within the Democratic Party, are shockingly aware of what they’re trying to accomplish. Destroying and rebuilding America in their image is the end goal. That image is not a pretty one, even to the Justice Democrats, but things are rarely pretty when radicals get their hands on it.
Modern Monetary Theory will be implemented if the Democrats get full control. Unfortunately, Republicans aren’t helping fight it as long as they’re pushing such untenable budget deficits. It’s time for a heavy dose of fiscal conservatism.
We are currently forming the American Conservative Movement. If you are interested in learning more, we will be sending out information in a few weeks.
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One Sick Day Proves We Need More Voices in Truthful Media
On October 19, I was sick. It crossed my mind that I had finally gotten the ‘rona, but my wife’s cream of chicken soup and a few extra hours of sleep into mid-afternoon had be back up and running after a sleepless night before.
When I finally stumbled over to my computer in the evening, I was met with a deluge of concern from readers. They asked what had happened as only one article had been posted that day. Generally, we post between 10-20 daily between all of the sites, not included curated and aggregated content. Seeing that we’d only posted my super-early morning article before taking the rest of the day off had readers assuming the worst.
We have a wonderful and talented group of writers who volunteer their time for the sites and their readers. Sharing their amazing perspectives has always been a blessing to us because we cannot afford to hire anyone at this time. But having great writers is meaningless if we don’t have great editors, or at least one additional. My wife helps me read and edit stories from time to time, but I’m a one-man show when it comes to getting the stories posted.
Whenever I highlight our desperate need for donations, I note that we do not receive money from Google ads even though most in conservative media are beholden. I often ambiguously note that the money donated will help us grow. Today, I’m highlighting a specific need. We must get an editor to help take some of the load and to expand on our mission of spreading the truth to the world. One sick day proved that.
The great news is that there is no shortage of people who CAN help. I am emailed variations of resumes every week by people who are much smarter than I am. As much as I’d love to hire some of them, we simply cannot. That takes money and as blessed as we’ve been to receive donations and collect ad money (though not from Google or Facebook), we have still fallen short.
Those who have the means, PLEASE consider donating. We have the standard Giving Fuel option and people can donate through PayPal. We are also diving into what we believe is extremely disruptive technology at LetsGo.finance, the world’s first major donation portal for crypto. I’ll be talking a lot more about them in the near future. Those who prefer Bitcoin can send to my address here: 3A1ELVhGgrwrypwTJhPwnaTVGmuqyQrMB8
We can get the voices out there and we’re willing to shine a spotlight on new talent. We just need the resources to make it happen. If you can help, we would be extremely grateful.
Thank you and God bless!
JD Rucker
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JD Rucker – EIC
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