Mark Dempsey: American government has the legal right to create literally unlimited dollars, so it can never be insolvent. It will run out of dollars when the Bureau of Weights and Measures runs out of inches.
About Mark Dempsey
Mark Dempsey is a former Realtor and member of a Sacramento County Planning Advisory Council who tries to maintain his sanity and still live in Sacramento County -- described by a former Supervisor as the county most under the influence of development interests in the
state. This was not a contest we would have liked to win.
Enlightened Economics: There Is an Alternative
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Mark Dempsey: One Modern Monetary Theory economist suggests sending each American household $50,000 to pay down debts, which would not only be cheaper than the $16-$29 trillion Wall Street bailout, it would bail out Main Street instead of the banks.
Government “Debt” Isn’t What You Think
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Worrying about government debt is like worrying about the monster under the bed. The issue isn’t debt, it’s power.
The Money Delusion
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Mark Dempsey: Why does the Finance, Insurance, Real Estate sector, whose frauds caused the current economic meltdown, get trillions at the drop of a hat, and social safety net programs and revenue sharing with states, whose needs are far more modest, get the “one-finger salute”?
A Vegetarian Suggestion
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Mark Dempsey: American’s health is so bad that even pre-teens are at risk for type II diabetes in increasing numbers. Cancer, heart disease and obesity stalk the land.
Sacramento County’s General Plan, Part Deux
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Mark Dempsey: Besides the history of local development, recent lapses by our politicians, who regularly bow to speculation and greed, don’t exactly inspire confidence. Wall Street speculators absconded with 40% of the world’s wealth, and only Bernie Madoff is in jail.
Cut the Real Wasteful Government Spending
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Mark Dempsey: The U.S. currently spends more than the rest of the world combined on its military but less than 2% of its budget on humanitarian aid, even if clean water would do more to promote peace.
Answering The Anti-Tax Whiners
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Mark Dempsey: After having reduced taxes without reducing spending, the Republicans can now get Jerry Brown and the California Democrats to do the politically unpopular work of terminating programs that would otherwise be too popular to touch. It’s clever, but hardly non-partisan.
Welcome to Northern Haiti: A “Conservative” State Senator E-mails His Constituents
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Unsurprisingly, my Republican State Senator, Dave Cox, e-mailed his constituents, saying reducing spending, not increasing taxes, is the answer to California’s $16 billion budget shortfall. He notes that the Legislative Analyst’s Office’s (LAO) proposed alternative budget would raise some additional revenues, and but responds saying “revenues are not the problem. …LAO anticipate[s] that General Fund [...]
Forget Taxes & Spending: Subsidies Are Where the Action Is
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Those thinking government is just about taxes and spending need to broaden their horizons, and think of subsidies and favors as the most substantial problems. Taxes are high, not because government is wasteful. They are high because it consistently gives away the store to a select few. Welfare, not for poor people, but for the [...]
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