UPDATE 2-23-2013
It’s the Stupidity, Stupid
Part 4
Actually,
I’m not calling everyone who reads this blog update stupid (despite the
attention grabbing title). My objective
is to warn people about the dangers and consequences of accepting stupid ideas
as revealed wisdom. After more than
eight years of stonewalling and silence, it is obvious that I have to try
harder to get the attention of the politicians, the pundits, the mainstream
media (MSM) and the general public.
Calling people stupid will usually get their attention. I am not running again for public office
(calling people stupid is not a good way to get votes). As a non candidate, I
don’t have to pander to anyone. I have a
populist message, that is: economic and social justice based on the U.S.
Constitution and existing law.
Below
is an open letter to my Senator, Pennsylvania Republican Pat Toomey. (Democrat Pennsylvania Senator Bob Casey
still refuses to answer, or even acknowledge, my correspondence.) This letter is strident and demanding. However, the current bipartisan attack on
social security, Medicare, Medicaid and the solvency and power of the American
government demands nothing less. A copy
of this letter will be sent to the local and national media via e-mail and the U.S.
Postal Service. I will communicate in
the same way with politicians from the local to the national level and
organizations that purport to defend the interests of senior citizens and
American’s in general. The names of
these individuals and organizations will be published on the home page of this
blog. I will continue this effort until
I get a fair public hearing on the issue of U.S. Treasury issued debt-free legal tender United States Notes.
*******************************************
Moon
Township, PA 15108
February
23, 2013
Senator Pat Toomey
502 Hart Senate Office
Building
Washington, DC 20510
Dear Senator Toomey:
I just finished reading
the part of your web site that deals with “Budget, Jobs and the Economy.” Your proposals prompted me to write to you
again. First, I would like to remind you
that I began writing to you on the day were you elected to your current
office. I sent you a letter on December
11, 2010. I later e-mailed a copy of
that letter to your Washington office and called to confirm that the e-mail was
received. The letter, the e-mail and the
call were never acknowledged. I wrote to
you again on February 6, 2011. This
letter was also ignored. I published all
of my correspondence to you on my web site/blog, www.rayuhric.com,
hoping that public pressure would force you to publicly debate the issue of
U.S. Treasury issued debt-free, legal
tender United States Notes (U.S. Notes or Greenbacks) on my web
site/blog. That didn’t work. You are still totally insulated and totally
silent. And, you still deny me my first
amendment right “to petition the government for a redress of grievances.”
What
are my grievances? Approximately $5
trillion has been stolen from the federal “trust funds” and spent by
politicians. This $5 trillion is now the
infamous IOUs – intergovernmental debt – that was/is added to the national debt
and loaded onto the backs of American taxpayers. As you know, the only way these IOUs
(government bonds) can be “redeemed” is by stealing more money from the
taxpayers and/or borrowing more money, which is a liability on the
taxpayers. Then, to add injury to
injury, the national debt is used by conservative Republicans (and Democrat
fellow travelers) as a bogus “justification” to attack and slash social
security, Medicaid, Medicaid and the power and solvency of the American
government. This is an outrageous and
scandalous scam against America. Politicians
owe the current and future trust fund beneficiaries every penny of that $5
trillion. The only way that trust fund
money can be truly replaced is with U.S. Treasury issued debt-free, legal tender United States Notes.
Redeeming the IOUs with future tax dollars and/or with borrowed money
only compounds the theft.
I
concluded my December 10, 2010, letter with this paragraph: “As an elected
official, you are no longer a member of the private sector. You are part of the federal government. You are required, by law, to do what is best
for the country. The desires of Wall
Street and the financial services “industry” are irrelevant to your job. America can no longer afford the deregulated,
“free market,” financial blunders that have brought America to the point of
economic and financial ruin. I await your
timely reply.”
Well,
your reply was certainly not timely, it is nonexistent. The reason for your silence is obvious to
me. You never changed your allegiance
from Wall Street to the American people.
Your statements on your web site make this fact disgustingly clear. Here are some samples:
You
write that you want to “streamline burdensome regulations.” I want to know exactly what regulations you
are referring to. It was financial deregulation that destroyed
the global and national economies and was/is responsible for our current and
ongoing economic and fiscal problems. It
is a scandal and a national disgrace that the monstrous actions of Wall Street
and the financial services “industry” can be judged “legal” by the U.S. Justice
Department. (This fact was revealed by
Lanny Breuer in the famous November 30, 2012, Frontline interview.) Thanks
to financial deregulation, the
destructive derivative “products” that you pioneered on Wall Street were also
legal. Who would deny that regulatory
and legislative oversight in this country is a joke? But, from what I have read on your web site,
you want to make a bad situation even worse.
You were labeled a “financial guru” in a February 17, 2013, puff piece
in the “liberal” Pittsburgh Post-Gazette. If you are so “principled and well versed in
financial issues,” why did you do nothing to stop the catastrophic housing
bubble that was inflating during the entire time that you held office in the
U.S. House of Representatives?
I
want you to tell me exactly how “tax policies are hindering job creation and
economic growth.” Could it be that the
private sector and their shill politicians are blackmailing the American
government into cutting taxes in order to get the business community to drop
some crumbs to the American workers? In
my February 11, 2012, Update on my blog, I proposed a “Jobs Bill” that would
dramatically reduce unemployment and underemployment, stimulate the economy and
increase the gross domestic product (GDP).
This jobs bill would require no Keynesian borrowing from the global
credit markets, no legislation from our catatonic Congress and no tax
dollars. My proposal is for a New Deal
type full employment program that
would be paid for totally with U.S. Treasury issued debt-free legal tender United States Notes. If you
go to my blog site, www.rayuhric.com,
you will find a link to the U.S. Treasury Department web site. There you will learn that everything I say
about debt-free legal tender money is
true and based on existing law. You will
also learn that U.S. Notes are
currently an unissued part of our national money supply! If you claim that my proposals will cause
inflation, I will challenge you to a debate, and I will prove that printing money DOES NOT cause inflation.
You
say you want to “undo Washington’s costly healthcare mandates.” Alright, what is your solution for affordable,
universal full healthcare coverage
for all American workers? Let’s hear it,
and we will see how it stacks up against the proposal that I outline on my
blog.
What
is “the red tape that undermines economic growth and affordable energy?” Be specific, so I can determine if your
explanation makes sense. On the subject
of energy, what will you do if a fracking pipe going through an aquifer bursts
and poisons the water? I would like to
have a comprehensive public discussion with you about America’s energy
policy. We need a reality check.
You
worry about taxing the “job creators.”
Are you talking about the people who destroyed American industry in
order to ship jobs to low wage countries like Vietnam? Did America (mostly the poor and working
class) fight that terrible war to make Vietnam the preferred low wage
production and investment choice for “American” capitalists and investors? Are you talking about the “job creators” who
are making record profits and sitting on trillions of dollars of cash? Incidentally, this stash of cash continues to
grow even after billions of dollars have been spit out in dividends and stock
buy backs. This windfall goes to people who didn’t lift a finger to earn that money. For a humorous examination of the notion that
“cutting taxes increases tax revenue,” please read my essay titled
“Taxation.” You can link to it from the
home page of my blog.
You
want to “make American companies more competitive.” American worker’s wages have been stagnant or
declining for forty years. Lack of
universal full healthcare for
American workers is a national scandal.
Unions have been beaten into submission by the private sector and their
goon politicians. Tell me which
businesses pay the mythical thirty-five percent corporate tax rate. And then tell me which ones pay no taxes at all. The private sector continues to whine and cry
about paying the minimum wage. But, in
order for low wage workers to survive, taxpayers must subsidize their employers
by providing food stamps and Medicaid to low wage workers. Still, you want American workers to be more
competitive. Would legalized slavery
satisfy you?
I
want you to explain exactly how “job creation and putting our federal
government on a sustainable fiscal path are inextricably connected.” Is the budget deficit and the national debt a
red herring that the “job creators” use to blackmail and bamboozle the weakling
politicians into slashing or even eliminating social security, Medicare,
Medicaid and many other excellent things that our government does? I have been telling people for more than
eight years that the very existence of the national debt is a scam and a scandal.
Why is this true? Our currency is based
on U.S. government debt – Treasury bills, bonds and notes. This means that the national debt will never be paid off and the debt ceiling
will always be raised under our
current debt based monetary system. Do
you plan to use the totally unnecessary
national debt as a destructive weapon to “starve the beast”? As a patriotic American, I take great offense
when conservatives, especially chicken hawk conservatives, call the American
government (that I defended for four years in the military), a beast!
If
you really cared about America and if you really cared about our national debt
crisis, you would demand that the Republican controlled House of
Representatives authorize the U.S. Treasury to issue debt-free, legal tender United States Notes. With U.S. Notes, we can finally start PAYING
OFF THE NATIONAL DEBT. Let’s get rid of
the debt burden that is crushing the taxpayers, social security, Medicare,
Medicaid and the government’s ability to promote the general welfare of the American
people. And while they’re at it, Congress can
eliminate the budget deficit by funding it with debt-free legal tender United States
Notes. WE DON’T HAVE A SPENDING PROBLEM,
WE HAVE A DEBT PROBLEM. WE DON’T HAVE A SPENDING PROBLEM, WE HAVE A
WALL STREET, “FREE MARKET,” GLOBALIZED ECONOMY PROBLEM. America’s current fiscal and economic
problems are undeniable proof of the failure of our economic, monetary and
political systems. I could go on with my
thesis, but I’m sure I have effectively made my point.
The
proposals for “Budget, Jobs and the Economy” on your web site are a Wall Street wish list so transparent
that it is shameful. And, your proposals
prove that your allegiance remains
with Wall Street and not with the
American people. The conflict of
interest between Wall Street, the financial services “industry” and the
American people was brutally exposed by the 2007/2008 subprime mortgage
disaster/global credit crisis. After
that debacle, there is only one explanation that can account for how a Wall
Street banker/derivatives salesman like you can win an election: The Democrat
Party is a political joke.
I
challenge you to go to my blog site, www.rayuhric.com,
and find anything that is in error. If
you find something, put it in writing and send it to PO box 815, Coraopolis, PA
15108. I will publish your comments and
my rebuttal on my blog. Our debate will
be public and in the historical record.
The American people deserve to know the whole truth about the issues
that impact our lives. They certainly
won’t learn it from you. The financial
“industry” parasites (aka bond vigilantes) are threatening the American people
with their usurious debt weapon. This is a criminal act, in my opinion. The legal term for this act is
EXTORTION!
Since
June of 2004, I have been writing to politicians, the media, pundits, policy
makers and academics. After more than
eight years, I have never received a serious rebuttal to anything that I have
said on my web site/blog. Therefore,
everything that I have written stands unchallenged. With this fact as my authority, I am
requesting that you publicly explain to the American people why the Republican
controlled Congress can’t direct the U.S. Treasury to immediately begin issuing
debt-free legal tender United States Notes. This money could immediately replace the
approximately $5 trillion stolen from the federal trust funds. U.S.
Notes could fund the $1 trillion plus federal budget deficit. U.S.
Notes could fund the New Deal type full
employment “jobs bill” that I proposed in my February 11, 2012, blog
Update.
Also,
I am requesting that Congress partially fund the federal government with U.S. Notes.
This would reduce taxes and give Congress the ability to begin
paying off the national debt. I request
that U.S. Notes be sent to the
states to solve the budget problems that were caused by the actions of the
private sector. I request that a
sufficient supply of U.S. Notes be
available for disaster relief. I request
that NASA be deprivatized and
returned to its original form, as I
proposed on my blog site. I request that
the Post Office be deprivatized and
funded totally with U.S. Notes. The Post Office was established by the
Constitution as a government service, not a business. Instead of borrowing and taxing to pay for a
“National Infrastructure Bank,” the money could simply be issued debt and tax
free by the U.S. Treasury. I would be
happy to debate privatization and so-called “public/private partnerships” with
you anytime. And if you say that my proposals
are inflationary, I will debate you and prove you wrong.
Senator
Toomey, I want you to publicly explain to the American people why my Lincoln/Kennedy Monetary Reform proposals,
as outlined in this letter and on my blog site, can’t be implemented
immediately. Your explanation will be
put on my blog site, www.rayuhric.com,
and we will debate the issues publicly.
In this way, our debate will be included permanently in the historical
record. The time has come for the
American people to escape the debt slavery imposed on us by the financial
markets. I’ve been waiting since
December of 2010 to talk to you, Senator Toomey. I await your timely reply.
Sincerely,
