Monday, July 9, 2012

Does Mark Thoma support oligarchy?

His blog has consistently denied the need for fair voting of Senators. His party, the Democratic Progressives are official supporters of the oligarch, as are the Republican Conservatives. Along with the Chinese Communists, these three parties are the sole remaining holdouts for oligarchal rule in the developed world.

The founders understood the need to supply enough senators to keep democracy. A simple resolution by the Senate will, in a single instant, banish oligarchs from the US for the next 50 years. Small state senators, worrying about bankruptcy, will simply adopt a resolution forcing new senate seats onto the large states and all the deranged schemes of the DC oligarchs will be restructured.

What is the value of a fair senate vote? If the Senate distributed 28 more Senators to the large states, without any doubt, 6T in DC debt will be wiped off the books as high government multipliers take hold across the layers of government. Had the Obama administration enforced democracy in the large states, and kept the budget balanced; then we would have zero debt today. 

The value of democracy, 6T, plus the additional 5T the oligarchs have borroed; together make 11T, the amount of debt the Republicans left just  before the crash.  Unfortunately, Obama would prefer bankruptcy than democracy.

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