Commentary on: H.R. 2990 "National Emergency Employment Defense Act of 2011": a monetary-reform act

HR 2990 IH
112th CONGRESS
1st Session
H. R. 2990

To create a full employment economy as a matter of national economic defense; to provide for public investment in capital infrastructure; to provide for reducing the cost of public investment; to retire public debt; to stabilize the Social Security retirement system; to restore the authority of Congress to create and regulate money, modernize and provide stability for the monetary system of the United States; and for other public purposes.

IN THE HOUSE OF REPRESENTATIVES
September 21, 2011

Mr. KUCINICH (for himself and Mr. CONYERS) introduced the following bill; which was referred to the Committee on Financial Services
[...]
SECTION 1. SHORT TITLE.
This Act may be cited as the 'National Emergency Employment Defense Act of 2011'.

Read The Bill: H.R. 2990 - GovTrack.us.

It's a good start, but it has many problems and unnecessary layers remaining.

The authority of the Federal government to borrow should be removed. It's not necessary.

We don't need a "Monetary Authority."

The Monetary Authority should simply be the Secretary of the Treasury.

The Federal Reserve should be nationalized but then dissolved ASAP.

The US should not lend money to banks. Having the US be a lender to banks makes the US a wholesaler to banks as retailers. That's a very bad idea.

If there is to be any private-bank retail lending, then such banks can lend based upon deposits and not loans from the US.

In addition, the amount of money in supply should be regulated in real-time (just the way huge corporations manage "just-in-time" inventory: automated), not by a committee.

Also, all Federal Reserve Notes should be nationalized in one fell swoop at the time the Federal Reserve is nationalized.

Lastly, this Act doesn't address immediately paying off the National Debt (retiring all bonds).

It also doesn't address replacing taxes with money issuance such that no taxes ever need be collected by the government.

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  • Tom Usher

    About Tom Usher

    Employment: 2008 - present, website developer and writer. 2015 - present, insurance broker. Education: Arizona State University, Bachelor of Science in Political Science. City University of Seattle, graduate studies in Public Administration. Volunteerism: 2007 - present, president of the Real Liberal Christian Church and Christian Commons Project.
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    • Hello Mosheh,

      Hmmm, you remind me a bit of myself a number of years back.

      Dennis Kucinich is not deliberately trying to scam anyone. He's still learning and hasn't heard of or thought of all the options/possibilities and the degree to which he should go out on a political limb, so to speak.

      Nevertheless, many of your observations are valid points for debate and discussion.

      If I may though (and this is a blog I run, so I will), your use of all-caps rather than block quoting the parts of the bill is not conducive.

      It also appears that you don't concern yourself enough with avoiding character spaces at the beginnings of lines and with double-double spacing and such.

      I must tell you, I was tempted to delete your comment on account of all the problems with it.

      I'll let it stand this time; but please, if you want to post more comments in future here, polish your work a bit more. Everyone makes mistakes. I know I do, but it doesn't take much effort to avoid appearing sloppy.

      I'm sorry if that offends you, but you're asking people to choose you as the President of the US while your inattention to detail is rather glaring. I don't think many people would vote for someone who posts comments that are as messy as the one you've left here. They'd be worried that your overall thinking may be as such.

      That might seem somewhat unfair since you're trying to focus on economic issues that go to the heart of society and spirit, but the things I've mentioned aren't divorced from those things.

      As someone quoting Christian scripture, you ought to be aware, or made aware, that how we are organized is central. Order is critical even as we can be relaxed, as Jesus relaxed at times.

      Lastly, it is customary, for good reason, that a commentator also discuss the host's points, which you appear to have completely ignored.

      This site is here for a reason and has an agenda, one of which is not to serve to get anyone elected to secular office but rather move people to the Christian Commons, which is vastly better than any plan for the US economy, per se, although I've furthered United States Notes to that end, albeit as a mere stepping stone to the moneyless/real-Christian society of prophecy.

      Peace!

      Tom

    • I deleted Mosheh Thezion's reply to my comment because it was as if he didn't read my comment and it was certainly clear that he didn't bother to look at this blog, it's posts, or most importantly, the Christian Commons Project.

      I don't have time for Mosheh Thezion's approach nor do I wish to facilitate it.