One of the fundamental assumptions used by the Ideological Left is that the use of the Volcker Rule is useful to the Ideological Left.
Very few other Intellectual Economists can boast of a more inclusive circular reasoning economic policy rule.
Economist, and award-winning, Intellectual Paul Volker’s “Rule” can be simplified and defined as follows:
“The systematic Federal Over-Regulation of a private financial entity in order to stimulate financial failure until a financial failure threshold is exceeded that insures that the financial debt of that private entity exceeds what can be recovered in a court-managed bankruptcy.”
The Volker Rule can also be applied to all USA Governments, Local, County, State and Federal, for the primary purpose of increasing Regulations, fines. taxes, and fear of additional future Government oppression, of course.
Thus, an expanded definition of The Volcker Rule is as follows:
“The Federally Over-Regulated stimulation of financial debt owned by private businesses, as well as Local, State, and Federal Government programs and other spending centers, (commonly called “Bureaus”), until the financial debt of said private or Govewrnment entity exceeds what can be recovered in a court-managed bankruptcy.”
Abolition of the Volcker Rule would remove The Left’s Ideological support of all known, Marxist Re-distribution of Wealth Ponzi Schemes, commonly promoted by the Left as “Safety Nets,” including the following on this partial list:
* Social Security Administration Programs
* Disability payments
* Unemployment payments
* Medicare
* Medicaid
* Obamacare
* Aid to Dependent Children
* Rent subsidies
* Hospital Emergency Room Payments
* School Lunch Program
* Food Stamp Program
* Federal Aid to Education
* Federal Housing Loan Guarantees
* Federal Highway Funding
* Federal election funding.
Obama and his enabling, VERY gullible, Doormat Republicans, especially Boehner and Cantor, have proven beyond a smidgen of a doubt that the 102 year old Federal Re-distribution Welfare Entitlement State must be ABOLISHED in order to financially save our Republic.
It is time, - - - time for a change in 2014.
BUMP!
Good post!
U.S. National Debt: $17.5 Trillion
U.S. Unfunded Liabilities: $129 Trillion (that’s well over $1 Million owed by EACH taxpayer).
Holder’s “New America” will be facing some insurmountable debt issues. The entitlement state cannot go on forever.
A simpler better understood summary of such rules comes from Ronald Reagan:
“Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.”