“You can’t cut spending your way out of this hole. You can’t grow your way out of this hole. And you can’t tax your way out of this hole. So put that in your pipe and smoke it, we tell these people.
This is madness,” Simpson said. “If you want to be a purist, go somewhere on a mountaintop and praise the East or something. But if you want to be in politics, you learn to compromise. And you learn to compromise on the issue without compromising yourself. Show me a guy who won’t compromise and I’ll show you a guy with rock for brains.”
Show me a guy who actually believes that, and I'll show you a guy with rocks for brains. Here's what's wrong with it.
It doesn't allow for any other option but the three he mentioned. However, there are options. The NEED Act modified correctly would do the job very nicely. I've mentioned repeatedly for years now about using United States Notes immediately to pay off the National Debt in one fell swoop. I'm sure others felt that way, but it was original with me.
I've suggested using real-time computing power to regulate the quantity and flow of funds to avoid all deflation and inflation. I've said we should have one bank: The US Treasury.
We need bottom-up and across and down again economics. The people need to be able to decide what it is they want funded and then to be able to create the debt-free funds to do it. In other words, we really don't need "capitalism" where the greedy make the choices and market (mass hypnotize) everyone into following along. The people can choose with votes just as easily as with dollars. Dollars are inherently unequal. One person, one vote is better.
The only thing missing is informed consent. The people need the truth -- the whole truth. Then they'll choose wisely! Alan Simpson doesn't give them the whole truth. Either he doesn't have it or he withholds it. I think it's more than a bit of both. Can you figure that out? It's Biblical.