Nearly every nation in the world is either in financial crisis or has one looming. There are many differing opinions on what to do about the current economic crises. There are experts who say that the nations should cut spending, and others who say revenues should be raised, whilst still others say that a combination of cutting spending and raising revenues should be applied to the debt problem. Some advocate that more money should be borrowed today until things are corrected so the remedy will not cause an upheaval to the system. Others insist that the borrowing must stop today or the problem will become catastrophic.
Regardless of the diverse opinions regarding the debt, the United States of America is on the verge of an economic collapse. The question remains whether it will do anything about its economic crisis, or keep on its present course until it is ruined. President Obama is begging Congress to borrow trillions of dollars under the premise that it is necessary to keep the country viable and creditworthy. The Secretary of Treasury is claiming that if Congress does not borrow trillions more dollars, America might have to default on its debts. The Congress is stating that it will not borrow more money unless it gets its preferred items stricken from or added to the budget, all the while ignoring the financial crisis while attending mostly to political agendas.
The various political agendas have led to debates over whether the federal government should be funding pensions, health care, education and the like, and, if it should be, to what extent. With regard to health care, the system is in crisis because of corruption, bribes and political filth. The legal, medical, insurance and pharmaceutical industries have been manipulating health care for their own agendas, all at the expense of taxpayers and patients.
Unlike America, Australia has one of the world's best health care systems, where everyone has access to affordable medical care with their chosen medical practitioners and hospitals. The state of Vermont in America is the first to address the health care crisis in the United States by introducing a single-payer system, which is basically providing Medicare for all state residents. It is reasonable to assume that the President and the Congress will object, because they have fought a long battle to wrest control of the health care systems from the individual states. Further, pharmaceutical and insurance companies will lose both power and profits, so they will probably aggressively lobby the Congress against Vermont's plan. One can infer that the federal government is far less concerned with quality of health care than it is with the expansion of its power over health care matters. It should leave the states alone, not only on health care matters, but also on education, business and environmental issues, and let the individual states have the right to determine their own futures. In fact, if the federal government were to be operating within the confines of the Constitution, it would stay out of many of the states' issues entirely.
With regard to the debt, it is very clear that the party responsible for all of it, and for all of the deficits, is the Congress. It cannot blame past or present Presidents, nor the Federal Reserve. The Constitution is very clear on this:
The Congress shall have power . . . to pay the debts . . . to borrow money on the credit of the United States . . . to coin money, regulate the value thereof . . .
The American Congress has created the privately-owned Federal Reserve Bank, and, by so doing, has delegated its duty under the Constitution to coin money and regulate its value. Therefore, the Congress is absolutely responsible for everything that the Federal Reserve Bank has done. The Federal Reserve has become a monster that cannot be audited, taxed or questioned, and has power over fiscal matters. The American economy is in crisis, and the Federal Reserve has been in control of American money for almost a century. Therefore, the Federal Reserve is the problem. Thus, the Congress' Frankenstein must be checked. Congress can either abolish the Federal Reserve and become fiscally responsible, or the American people might choose to abolish the Congress.
Further, only the Congress can borrow money or pay the debts. The President's Secretary of Treasury is claiming that the United States could default if Congress will not borrow more money. It is not in the Secretary of Treasury's power to pay the debts or to choose to default on them. Congress has the power to pay the debts. It has also delegated this power to the President. If Congress believes that the Secretary of Treasury will not service the debt, the Congress should pay the debt and deny further money to the Secretary of Treasury. That is, any default on any American debt is the responsibility of the Congress.
The President has pleaded with Congress to borrow more money. Congress has given in to past Presidents' demands for borrowed money. Likewise, Congress has allowed Presidents to conduct unconstitutional wars (such as in Korea, Vietnam, Iraq, Afghanistan and Libya), which only Congress has the constitutional power to declare. Therefore, Congress is fully responsible for every illegal war conducted by any President. The parent (Congress) should take control of its warring, spendthrift children (Presidents). Are the Lion and the Blue Flute calling the tune to wreck America? Is the Congress so “Blue Washed” that it cannot see that it has the power and the duty to bring the financial house to order? Does it not want to save America from ruin?
Congress should remember that government derives its “just powers from the consent of the governed; that whenever any form of government becomes destructive of these ends, it is the right of the people to alter or to abolish it, and to institute new government . . .” If these words from the Declaration of Independence are ignored by the Congress, the Arab Spring may look like a peaceful transition to what could be in store for the United States.
There has been much talk about Congress being unable to act because of Supreme Court decisions. Congress cannot hide behind the interpretations of the Constitution as declared by the Court either. The Court has no express power to be the ultimate interpreter of the Constitution. It usurped this role over two centuries ago, but that does not constitutionally so empower the Court. As Abraham Lincoln said in his First Inaugural Address, having the cases extend beyond the one before the Court would be the same as resigning “government, into the hands of that eminent tribunal.” The Congress, the President, the Court and the People can all interpret the Constitution. Nobody has expressly been granted the final say on it! Any lay person can read, understand and apply the Constitution.
The Congress is responsible for all the debt and all the borrowing. To date, to put it as euphemistically as possible, it has been a bad steward. In reality, it is overseeing criminal Ponzi schemes that are about to collapse. The ordinary people are the ones who suffer most under the financial crisis. The rulers, the rich and the powerful could not care less as the people suffer from their abuse. The rulers are milking the people to the last drop. The mastermind behind America's financial collapse is simultaneously trying to do the same thing to other nations. Debts will ultimately enslave not only America, but the entire world. Under the Declaration of Independence, Americans can legally throw off their current regime if it will not immediately address the debt crisis by ending borrowing and paying down the debt:
Prudence, indeed, will dictate that Governments long established should not be changed for light and transient Causes; and accordingly all Experience hath shewn, that Mankind are more disposed to suffer, while Evils are sufferable, than to right themselves by abolishing the Forms to which they are accustomed. But when a long Train of Abuses and Usurpations, pursuing invariably the same Object, evinces a Design to reduce them under absolute Despotism, it is their Right, it is their Duty, to throw off such Government, and to provide new Guards for their future security.© 2011 Amitakh Stanford