WholeDude

Whole Dude – Whole Fallout

I reviewed the opinions of nine global thinkers on the issue of the economic fallout of the Coronavirus pandemic. None of the nine global thinkers mentioned about the need for the Blessings of the LORD God Creator. In my analysis, no man, and no nation can ever hope to be self-reliant. Both the individual entity, and the national entity will only exist if and only if the existence is granted by the LORD God Creator’s Mercy, Grace, and Compassion.

How the Economy Will Look After the Coronavirus Pandemic

Whole Dude – Whole Fallout: The economic fallout of ‘The Clinton Curse’. The United States needs the Blessings of the LORD God Creator: In this graphic, Julie Peasley shows how many one-dollar bills it would take to stack up to the total U.S. debt of $31.4 trillion. ***Americans will give attention to my words after they fail to resolve the Economic Crisis through either Liberal or Conservative Spending Plans to revive the National Economy.***

Whole Dude – Whole Fallout: **The economic fallout of ‘The Clinton Curse’. The United States needs the Blessings of the LORD God Creator.** ***Americans will give attention to my words after they fail to resolve the Economic Crisis through either Liberal or Conservative Spending Plans to revive the National Economy.***

In my analysis, the Economic Policy of President Bill Clinton is fundamentally flawed for it violated the principles of Natural Law that make America a proud and prosperous nation in the world. The economic downfall of the United States is relentless and is almost unstoppable. There can be no healing and no recovery without the Blessings promised by God and living up to the Official Motto “IN GOD WE TRUST.”

**WHOLE DUDE – WHOLE FALLOUT: THE CLINTON CURSE. THE RETURN OF ORIGINAL SIN. THE UNITED STATES IS CURSED TO RUN ITS GOVERNMENT WITH BORROWINGS FROM FOREIGN NATIONS.**

The pandemic will change the economic and financial order forever. We asked nine leading global thinkers for their predictions.

BY JOSEPH E. STIGLITZ, ROBERT J. SHILLER, GITA GOPINATH, CARMEN M. REINHART, ADAM POSEN, ESWAR PRASAD, ADAM TOOZE, LAURA D’ANDREA TYSON, KISHORE MAHBUBANI APRIL 15, 2020, 5:10 PM

**Whole Dude – Whole FALLOUT: The Clinton Curse. The United States needs the Blessings of the LORD God Creator.**

After many weeks of lockdowns, tragic loss of life, and the shuttering of much of the global economy, radical uncertainty is still the best way to describe this historical moment. Will businesses reopen and jobs come back? Will we travel again? Will the flood of money from central banks and governments be enough to prevent a deep and lasting recession, or worse?

This much is certain: The pandemic will lead to permanent shifts in political and economic power in ways that will become apparent only later.

To help us make sense of the ground shifting beneath our feet, Foreign Policy asked nine leading thinkers, including two Nobel-Prize-winning economists, to weigh in with their predictions for the economic and financial order after the pandemic.

We Need a Better Balance Between Globalization and Self-Reliance

by Joseph E. Stiglitz

Economists used to scoff at calls for countries to pursue food or energy security policies. In a globalized world where borders don’t matter, they argued, we could always turn to other countries if something happened in our own. Now, borders suddenly do matter, as countries hold on tightly to face masks and medical equipment, and struggle to source supplies. The coronavirus crisis has been a powerful reminder that the basic political and economic unit is still the nation-state.

The coronavirus crisis has been a powerful reminder that the basic political and economic unit is still the nation-state.

To build our seemingly efficient supply chains, we searched the world over for the lowest-cost producer of every link in the chain. But we were short-sighted, constructing a system that is plainly not resilient, insufficiently diversified, and vulnerable to interruptions. Just-in-time production and distribution, with low or no inventories, may be capable enough of absorbing small problems, but we have now seen the system crushed by an unexpected disturbance.

We should have learned the lesson of resilience from the 2008 financial crisis. We had created an interconnected financial system that seemed efficient and was perhaps good at absorbing small shocks, but it was systemically fragile. If not for massive government bailouts, the system would have collapsed as the real estate bubble popped. Evidently, that lesson went right over our heads.

The economic system we construct after this pandemic will have to be less shortsighted, more resilient, and more sensitive to the fact that economic globalization has far outpaced political globalization. So long as this is the case, countries will have to strive for a better balance between taking advantage of globalization and a necessary degree of self-reliance.

This Wartime Atmosphere Has Opened a Window for Change

by Robert J. Shiller

There are fundamental changes that happen from time to time—often during times of war. Though the enemy is now a virus and not a foreign power, the COVID-19 pandemic has created a wartime atmosphere in which such changes suddenly seem possible.Though the enemy is a virus and not a foreign power, the pandemic has created a wartime atmosphere in which fundamental changes suddenly seem possible.

This atmosphere, with narratives of both suffering and heroism, is spreading with the disease. Wartime brings people together not only within a country, but also between countries, as they share a common enemy like the virus. Those who live in advanced countries can feel more sympathy with those suffering in poor countries because they are sharing a similar experience. The epidemic is also bringing us together in countless Zoom get-togethers. Suddenly the world seems smaller and more intimate.

There is also reason to hope that the pandemic has opened a window to creating new ways and institutions to deal with the suffering, including more effective measures to stop the trend toward greater inequality. Perhaps the emergency payments to individuals that many governments have made are a path to a universal basic income. In the United States, better and more universal health insurance might just have been given new impetus. Since we are all on the same side in this war, we may now find the motivation to build new international institutions allowing better risk-sharing among countries. The wartime atmosphere will fade again, but these new institutions would persist.

The Real Risk Is Politicians Exploiting Our Fears

by Gita Gopinath

Over only a few weeks, a dramatic chain of events—tragic loss of life, paralyzed global supply chains, interrupted shipments of medical supplies between allies, and the deepest global economic contraction since the 1930s—has laid bare the vulnerabilities of open borders.People may self-assess their individual risks and decide to curtail travel indefinitely, reversing 50 years of rising international mobility.

If support for an integrated global economy was already declining before COVID-19 struck, the pandemic will likely hasten the reassessment of globalization’s costs and benefits. Firms that are part of global supply chains have witnessed firsthand the risks inherent in their interdependencies and the large losses caused by disruption. In future, these firms are likely to take greater account of tail risks, resulting in supply chains that are more local and robust—but less global. In emerging markets, whose embrace of globalization included a steady opening to capital flows, we risk seeing capital controls being reimposed as these countries scramble to shield themselves from the destabilizing forces of the sudden economic stop. And even as containment measures gradually come off worldwide, people may self-assess their individual risks and decide to curtail travel indefinitely, reversing half a century of rising international mobility.

The real risk, however, is that this organic and self-interested shift away from globalization by people and firms will be compounded by some policymakers who exploit fears over open borders. They could impose protectionist restrictions on trade under the guise of self-sufficiency and restrict the movement of people under the pretext of public health. It is now in the hands of global leaders to avert this outcome and to retain the spirit of international unity that has collectively sustained us for more than 50 years.

Another Nail in the Coffin of Globalization

by Carmen M. Reinhart

World War I and the global economic depression in the early 1930s ushered in the demise of a previous era of globalization. Apart from a resurgence of trade barriers and capital controls, an important explanation for this demise is the fact that more than 40 percent of all countries at the time entered default, cutting many of them off from the global capital markets until the 1950s or much later. By the time World War II ended, the new Bretton Woods system combined domestic financial repression with extensive controls of capital flows, with little resemblance to the preceding era of global trade and finance.Pandemic-induced recessions may be deep and long—and as in the 1930s, sovereign defaults will likely spike.

The modern globalization cycle has faced a series of blows since the financial crisis of 2008-2009: a European debt crisis, Brexit, and the U.S.-China trade war. The rise of populism in many countries further tilts the balance toward home bias.

The coronavirus pandemic is the first crisis since the 1930s to engulf both advanced and developing economies. Their recessions may be deep and long. As in the 1930s, sovereign defaults will likely spike. Calls to restrict trade and capital flows find fertile soil in bad times.

Doubts about pre-coronavirus global supply chains, the safety of international travel, and, at the national level, concerns about self-sufficiency in necessities and resilience are all likely to persist—even after the pandemic is brought under control (which may itself prove a lengthy process). The post-coronavirus financial architecture may not take us all the way back to the pre globalization era of Bretton Woods, but the damage to international trade and finance is likely to be extensive and lasting.

The Economy’s Preexisting Conditions Are Made Worse by the Pandemic

by Adam Posen

The pandemic will worsen four preexisting conditions of the world economy. They will remain reversible through major surgery but turn chronic and damaging absent such interventions. The first of these conditions is secular stagnation—the combination of low productivity growth, a lack of private investment returns, and near-deflation. This will deepen as people stay risk-averse and save more following the pandemic, which will persistently weaken demand and innovation.

Second, the gap between rich countries (along with a few emerging markets) and the rest of the world in their resilience to crises will widen further.Economic nationalism will increasingly lead governments to shut off their own economies from the rest of the world.

Third, partly as a result of flight to safety and the apparent riskiness of developing economies, the world will continue to be over-reliant on the U.S. dollar for financing and trade. Even while the United States becomes less attractive for investment, its attraction will increase relative to most other parts of the world. This will lead to ongoing dissatisfaction.

Finally, economic nationalism will increasingly lead governments to shut off their own economies from the rest of the world. This will never produce complete autarky, or anything close to it, but it will reinforce the first two trends and increase resentment of the third.

More Than Ever, the World Looks to Central Bankers for Deliverance

by Eswar Prasad

The economic and financial carnage wrought by the pandemic could leave deep scars on the world economy. Central banks have stepped up to the challenge by tearing up their own rulebooks. The U.S. Federal Reserve has bolstered financial markets with asset purchases and provided dollar liquidity to other central banks. The European Central Bank has declared “no limits” to its support of the euro and announced massive purchases of government and corporate bonds, and other assets. The Bank of England is financing government spending directly. Even some emerging-market central banks, such as the Reserve Bank of India, are considering extraordinary measures—all risks be damned.Central bankers, once considered cautious and conservative, have shown they can act with agility, boldness, and creativity.

Fiscal stimulus by governments, on the other hand, has proved to be politically complicated, cumbersome to implement, and often difficult to target where the need is greatest.

Central bankers, once considered cautious and conservative, have shown they can act with agility, boldness, and creativity in desperate times. Even when political leaders are unwilling to coordinate policies across borders, central bankers can act in concert.

Now and for a long time to come, central banks have become entrenched as the first and main line of defense against economic and financial crises. They may come to rue this immense new role and the unrealistic burdens and expectations it will impose on them.

The Normal Economy Is Never Coming Back

by Adam Tooze

As the lockdowns began, the first impulse was to search for historical analogies—1914, 1929, 1941? Since then, what has come ever more to the fore is the historical novelty of the shock we are living through. There is something new under the sun. And it is horrifying.

The economic fallout defies calculation. Many countries face a far deeper and more savage economic shock than they have ever previously experienced. In sectors like retail, already under fierce pressure from online competition, the temporary lockdown may prove to be terminal. Many stores will not reopen, their jobs permanently lost. Millions of workers, small-business owners, and their families are facing catastrophe. The longer we sustain the lockdown, the deeper the economic scars, and the slower the recovery.

The longer we sustain the lockdown, the deeper the economic scars, and the slower the recovery.

What we thought we knew about the economy and finance has been radically disturbed. Since the shock of the 2008 financial crisis, there has been a lot of talk about the need to reckon with radical uncertainty. We now know what truly radical uncertainty looks like.

We are witnessing the largest combined fiscal effort since World War II, but it is already clear that the first round may not be enough. There are few illusions about the unprecedented acrobatics that central banks are performing. To deal with the accumulated liabilities, history suggests some radical alternatives, including a burst of inflation or an organized public default (which would not be as drastic as it sounds if it affects government debts held by central banks).

If the response by businesses and households is risk-aversion and a flight to safety, it will compound the forces of stagnation. If the public response to the debts accumulated by the crisis is austerity, that will make matters worse. It makes sense to call instead for a more active, more visionary government to lead the way out of the crisis. But the question, of course, is what form that will take and which political forces will control it.

Many Lost Jobs Will Never Return

by Laura D’Andrea Tyson

The pandemic and subsequent recovery will accelerate the ongoing digitalization and automation of work—trends that have eroded middle-skill jobs while increasing high-skill jobs during the last two decades and contributed to the stagnation of median wages and rising income inequality.Many low-wage, low-skill, in-person service jobs, especially those provided by small firms, will not return with the recovery.

Changes in demand, many of them accelerated by the economic dislocation wrought by the pandemic, will change the future composition of GDP. The share of services in the economy will continue to rise. But the share of in-person services will decline in retail, hospitality, travel, education, health care, and government as digitalization drives changes in the way these services are organized and delivered.

Many low-wage, low-skill, in-person service jobs, especially those provided by small firms, will not return with the eventual recovery. However, workers providing essential services such as policing, firefighting, health care, logistics, public transportation, and food will be in greater demand, creating new job opportunities and increasing the pressure to raise wages and improve benefits in these traditionally low-wage sectors. The downturn will accelerate the growth of nonstandard, precarious employment—part-time workers, gig workers, and workers with multiple employers—leading to new portable benefits systems that move with workers and broaden the definition of employer. New low-cost training programs, digitally delivered, will be required to provide the skills required in new jobs. The sudden dependence of so many on the ability to work remotely reminds us that a significant and inclusive expansion of Wi-Fi, broadband, and other infrastructure will be necessary to enable the accelerating digitalization of economic activity.

A More China-Centric Globalization

by Kishore Mahbubani

The COVID-19 pandemic will accelerate a change that had already begun: a move away from U.S.-centric globalization to a more China-centric globalization.

Why will this trend continue? The American population has lost faith in globalization and international trade. Free trade agreements are toxic, with or without U.S. President Donald Trump. By contrast, China has not lost faith. Why not? There are deeper historical reasons. Chinese leaders now know well that China’s century of humiliation from 1842 to 1949 was a result of its own complacency and a futile effort by its leaders to cut it off from the world. By contrast, the past few decades of economic resurgence were a result of global engagement. The Chinese people have also experienced an explosion of cultural confidence. They believe they can compete anywhere.

Consequently, as I document in my new book, Has China Won?, the United States has two choices. If its primary goal is to maintain global primacy, it will have to engage in a zero-sum geopolitical contest, politically and economically, with China. However, if the goal of the United States is to improve the well-being of the American people—whose social condition has deteriorated—it should cooperate with China. Wiser counsel would suggest that cooperation would be the better choice. However, given the toxic U.S. political environment toward China, wiser counsel may not prevail.

Whole Dude – Whole Shanti

**Whole Dude – Whole Shanti: Blessings for Peace. Peace demands the physical, mental, social, moral, and spiritual well-being of man in his community and the shared environment.**

Sarvesham Swastir Bhavatu,

Sarvesham Shantir Bhavatu,

Sarvesham Purnam Bhavatu,

Sarvesham Mangalam Bhavatu,

Om Shanti, Shanti, Shanti hi.

This Shanti Mantra from ‘Upanishads’ invokes Peace upon entire humanity. The idea of peace is always associated with the idea of well-being. The idea of perfect well-being also includes ideas of inner peace and tranquility.The physical, mental, social, moral, and spiritual well-being are a part of perfect and complete well-being. The aspects of external and internal peace work together to contribute to a state of Blissful Existence. Hence, peace is not mere absence of war and strife. A man lives in peace if his well-being is fully assured. Since human existence is sustained by health and well-being, peace has become an integral aspect of human survival and existence.

Whole Dude – Whole Shanti: Blessings for Whole Shanti: “Om, Sarvesham Swastir Bhavatu (May Well-being be unto all), Sarvesham Shantir Bhavatu (May Peace be unto all), Sarvesham Purnam Bhavatu (May Fulfillment be unto all), Sarvesham Mangalam Bhavatu (May Prosperity be unto all), Om Shanti, Shanti, Shanti.”

A man lives in ‘Peace’ if his well-being is fully assured. The idea of Peace is associated with the physical, mental, social, moral, and spiritual well-being of man in his environment and in his community.

**Whole Dude – Whole Shanti: Human Existence is conditioned by Divine Providence.**

We seek this blissful state of existence as a Blessing from our Creator both for the individual and collectively for the larger national and global community to which the individual belongs.

Whole Dude – Whole Shanti. Man’s mortal existence is conditioned by the all-powerful grand illusion. The quest for Shanti or Peace must address the problem of man’s estrangement, separation, and alienation from eternal truth.

Whole Dude – Whole Reckoning

Whole Dude – Whole Reckoning: The Repeal PRWORA Project

Excerpt: The “Repeal PRWORA Project” advocates for the repeal of Public Law 104-193, also known as the Personal Responsibility and Work Opportunity Reconciliation Act (PRWORA) signed by US President Bill Clinton in 1996. The organizers argue that this law reintroduced varieties of slavery, including involuntary servitude and forced labor, by unfairly denying retirement income benefits to non-citizen taxpayers who cannot provide proof of lawful residency. Critics claim this law infringes on the constitutional rights of these workers, violating principles of equal treatment, protection, and justice under law. They demand for a strict adherence to the natural law principles abolishing any form of slavery.

**Whole Dude – Whole Reckoning: The Day of Reckoning For President Clinton’s Unjust and Unfair Welfare Reform Act subverting The Social Security Act**

Whole Dude – Whole Reckoning: August 14, 2023. The Day of Reckoning For President Clinton’s Unjust and Unfair Welfare Reform Act of 1996 subverting The Social Security Act of 1935. THE SSA IS SLAVE DRIVER. EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA) DOES NOT COVER THE RETIREMENT INSURANCE BENEFIT PLAN SPONSORED BY THE SSA.

On this day, August 14, 1935, FDR signs the Social Security Act. However, the Employee Retirement Income Security Act of 1974 (ERISA) does not cover Retirement Insurance Benefit Plans sponsored by government entities such as the Social Security Administration (SSA). This glaring omission of Social Security Retirement Insurance Benefit Plan from the protection offered by ERISA transformed SSA into “Slave Driver.” SSA uses this absence of oversight with great impunity to violate the principles of Equal Protection guaranteed by the US Constitutional Law.

President Bill Clinton on August 22, 1996, sabotaged the Social Security Act of 1935 to introduce his ‘A New Beginning’. His Welfare Reform Act of 1996 marks The New Beginning of Slavery in the United States.

Simon Cyrene

Roosevelt signs Social Security Bill — Whole Dude – Whole Reckoning: August 14, 2023. The Day of Reckoning For President Clinton’s Unjust and Unfair Welfare Reform Act of 1996 subverting The Social Security Act of 1935. On AUGUST 14, 1935 ROOSEVELT SIGNS SOCIAL SECURITY ACT. SSA SLAVE DRIVER FOR IT ADMINISTERS RETIREMENT INSURANCE BENEFIT PLAN OUTSIDE PURVIEW OF EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA).

FDR signs Social Security Act

Author: History.com Staff URL: http://www.history.com/this-day-in-history/fdr-signs-social-security-act Publisher: A+E Networks

On this day in 1935, President Franklin D. Roosevelt signs into law the Social Security Act. Press photographers snapped pictures as FDR, flanked by ranking members of Congress, signed into law the historic act, which guaranteed an income for the unemployed and retirees. FDR commended Congress for what he considered to be a “patriotic” act.

Roosevelt had taken the helm of the country in 1932 in the midst of the Great Depression, the nation’s worst economic crisis. The Social Security Act (SSA) was in keeping with his other “New Deal” programs, including the establishment of the Works Progress Administration and the Civilian Conservation Corps, which attempted to hoist America out of the Great Depression by putting Americans back to work.

In his public statement that day, FDR expressed concern for “young people [who] have come to wonder what would be their lot when they came to old age” as well as those who had employment but no job security. Although he acknowledged that “we can never insure one hundred percent of the population against one hundred percent of the hazards and vicissitudes of life,” he hoped the act would prevent senior citizens from ending up impoverished.

Although it was initially created to combat unemployment, Social Security now functions primarily as a safety net for retirees and the disabled and provides death benefits to taxpayer dependents. The Social Security system has remained relatively unchanged since 1935.

AUGUST 14, 2016 - SSA SLAVE DRIVER FOR ITS RETIREMENT INCOME INSURANCE BENEFIT PLAN IS NOT COVERED BY EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA). — Whole Dude – Whole Reckoning: August 14, 2023. The Day of Reckoning For President Clinton’s Unjust and Unfair Welfare Reform Act of 1996 subverting The Social Security Act of 1935. SSA SLAVE DRIVER FOR ITS RETIREMENT INCOME INSURANCE BENEFIT PLAN IS NOT COVERED BY THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA).

The United States must reflect upon the actions of the 42nd President that violate the LORD’ s Commandments. The Welfare Reform Act of 1996 enacted by President Bill Clinton reintroduced Slavery into the United States nullifying President Abraham Lincoln’s Proclamation that abolished Slavery.

**Whole Dude – Whole Reckoning: August 14, 2023. The Day of For President Clinton’s Unjust and Unfair Welfare Reform Act of 1996 subverting The Social Security Act of 1935.**

Whole Dude – Whole Slippery

Whole Dude – Whole Slippery: The Repeal PRWORA Project

Whole Dude – Whole Slippery: In this graphic, Julie Peasley shows how many one-dollar bills it would take to stack up to the total U.S. debt of $31.4 trillion. Americans will give attention to my words after they fail to resolve the Economic Crisis through either Liberal or Conservative Spending Plans to revive the National Economy.

Whole Dude – Whole Slippery: Americans will give attention to my words after they fail to resolve the Economic Crisis through either Liberal or Conservative Spending Plans to revive the National Economy.

President Clinton’s Economic Policy to formulate a Balanced Budget is not consistent with LORD God Creator’s Economic Plan for the man in his golden years of his life. The issue is not that of Austere Spending or Deficit Spending Plans of the US Federal Government. God’s Plan clearly demands that the dignity of the man must be upheld in his Old Age when the man needs rest from daily labor to support his mortal existence.

Americans will give attention to my words after they fail to resolve the Economic Crisis through either Liberal or Conservative Spending Plans to revive the National Economy.

The Antislavery Campaign demands the Repeal of PRWORA of 1996 as it triggered ‘The Clinton Curse’ placing the US economy on a slippery slope. President Clinton did not Balance the US Budget for he acted in violation of God’s Commandments.

The Material Basis of Spirituality Science. The Clinton Curse. The US Economy on a Slippery Slope. Americans will give attention to my words after they fail to resolve the Economic Crisis through either Liberal or Conservative Spending Plans to revive the National Economy.

President Clinton missed the opportunity to save the country from foreign debt because he denied the payment of the Old Age Retirement Income and Health Insurance Benefits to alien workers who fully subscribed to the Social Security and Medicare Plans by paying the necessary taxes. To the same extent, ‘The Clinton Curse’ invites Americans to live their lives paying taxes to repay the foreign debt.

The concept of Spiritual well being always includes the dimension of the physical or the material well being of the man. In the present times, the physical or the material well being of the man always includes the concern about fair and just access to the economic resources to provide for the daily necessities of life particularly during old age after the attainment of the legally determined full retirement age.

Simon Cyrene

How Bill Clinton’s Balanced Budget Destroyed The Economy – Business Insider

Clipped from: https://www.businessinsider.com/how-bill-clintons-balanced-budget-destroyed-the-economy-2012-9

Bill Clinton is giving the keynote speech at the Democratic National Convention tonight.

The idea is to make people feel nostalgic for the last time when the economy was really booming, and hope that some of that rubs off on Obama.

However, in the New York Post, Charlie Gasparino uses the occasion to remind everyone that the seeds of our current economic malaise were planted during the Clinton years.

Basically, it was under Clinton that Fannie and Freddie really began blowing the housing bubble, issuing epic amounts of mortgage-backed debt.

The story that Gasparino tells is basically: Liberal Bill Clinton thought he could use government to make everyone a homeowner and so naturally this ended in disaster.

Gasparino specifically cites the controversial Community Reinvestment Act, a popular conservative bogeyman:

How did they do this? Through rigorous enforcement of housing mandates such as the Community Reinvestment Act, and by prodding mortgage giants Fannie Mae and Freddie Mac to make loans to people with lower credit scores (and to buy loans that had been made by banks and, later, “innovators” like Countrywide).

The Housing Department was Fannie and Freddie’s top regulator — and under Cuomo, the mortgage giants were forced to start ramping up programs to issue more subprime loans to the riskiest of borrowers.

That’s interesting. But the truth is far more complicated. And more interesting.

Clinton’s Budget Legacy

In addition to being remembered for a strong economy, Bill Clinton is remembered as the last President to preside over balanced budgets.

Given the salience of the national debt issue in American politics today, the surpluses are a major mark of pride for the former President (and arguably the entire country). They shouldn’t be.

“I think it is safe to say that we are still suffering the harmful effects of the Clinton budget surpluses,” says Stephanie Kelton, an economics professor at the University of Missouri Kansas City.

To understand why you first need to understand that the components of GDP look like this:

In the above equation, C is private consumption (spending). ‘I’ is investment spending. ‘G’ is government spending. And ‘X-M’ is exports-minus imports (essentially the trade surplus).

Here’s a chart of the government budget around the years during and right after Clinton, in case you need a reminder that the government was in surplus near the end of his tenure.

If the government is in surplus, it means that the government is taking in more cash than it is spending, which is the opposite of stimulus.

It’s also well-known that the US trade deficit exploded during the late 90s, which means that ‘X-M’ was also a huge drag on GDP during his years.

So the trade deficit was subtracting from GDP, and the government was sucking up more money from the private sector than it was pushing out.

There was only one “sector” of the economy left to compensate: Private consumption. And private consumption compensated for the drags from government and trade in two ways.

First, the household savings rate collapsed during the Clinton years.

And even more ominously, household debt began to surge.

So already you can see how the crisis started to germinate under Clinton.

As his trade and budget policies became a drag on the economy, households spent and went into debt like never before.

Economist Stephanie Kelton expounded further in an email to Business Insider:

“Now, you might ask, “What’s the matter with a negative private sector balance?”. We had that during the Clinton boom, and we had low inflation, decent growth and very low unemployment. The Goldilocks economy, as it was known. The great moderation. Again, few economists saw what was happening with any degree of clarity. My colleagues at the Levy Institute were not fooled. Wynne Godley wrote brilliant stuff during this period. While the CBO was predicting surpluses “as far as the eye can see” (15+ years in their forecasts), Wynne said it would never happen. He knew it couldn’t because the government could only run surpluses for 15+ years if the domestic private sector ran deficits for 15+ years. The CBO had it all wrong, and they had it wrong because they did not understand the implications of their forecast for the rest of the economy. The private sector cannot survive in negative territory. It cannot go on, year after year, spending more than its income. It is not like the US government. It cannot support rising indebtedness in perpetuity. It is not a currency issuer. Eventually, something will give. And when it does, the private sector will retrench, the economy will contract, and the government’s budget will move back into deficit.”

But this is only part of the story. What about what Charlie Gasparino wrote about above?

The Fannie and Freddie Boom

When the government is running a surplus, it no longer has to issue much debt. But risk-free government bonds are a crucial component of portfolios for all kinds of financial institutions, and for mom & pop investors who like the safety of regularly Treasury payouts. The yield on the 10-year bond was over 5% back in those days… nothing to sneeze at for people planning for a retirement.

This created a bit of a crisis.

Bond trader Kevin Ferry, a veteran of the scene, told Business Insider about the panic that was unfolding over the government’s lack of debt.

“OMG, they were all saying… there wasn’t going to be any paper!”

How did the markets react?

“Lo and behold… [Fannie and Freddie] issuance “SURGED” in the late 90s,” said Ferry.

Everything changed. While the government dramatically slowed down the issuance of Treasuries, Fannie and Freddie picked up the baton and started selling debt like never before.

“Prior to those years, there were not regular [Fannie and Freddie] auctions.”

“The system wanted it.”

“The fear was that there wasn’t going to be any…. There were no bill auctions.”

“The brokers were calling up ma & pa and said there are no more T-Bill auctions!”

And the data bears this out.

Total agency issuance of mortgage-backed securities spiked in 1998 and 1999, and from then on they never looked back.

Business Insider, Bloomberg

And just to drive home the point again, about how the 1998-1999 spike in issuance was the mirror image of the annual change in the size of the government debt.

Note that both government debt and agency issuance spiked in the early 2000s, but that was during a recession when the private sector dramatically scaled back its activity form the late 90s.

How Clinton Destroyed The Economy

The bottom line is that the signature achievement of the Clinton years (the surplus) turns out to have been a deep negative. For this drag on GDP was being counterbalanced by low household savings, high household debt, and the real revving up of the Fannie and Freddie debt boom that had a major hand in fueling the boom that ultimately led to the downfall of the economy.

And that brings up a broader question that people who advocate balanced budgets must answer.

What’s the point of it?

Despite the budget surplus, interest rates were higher. And the surplus provided no protection of the coming slump. And if anything, it just weakened the most brittle part of the economy: households.

Furthermore, there is a pattern of this.

Japan ran a budget surplus in the year right before its economy went into terminal decline, as this chart from Trading Economics shows

**The Material Basis of Spirituality.The Clinton Curse. The US Economy on a Slippery Slope.** ***Americans will give attention to my words after they fail to resolve the Economic Crisis through either Liberal or Conservative Spending Plans to revive the National Economy.***

So while Clinton will be remembered nostalgically tonight, for both the performance of the economy and his government finances, they shouldn’t be remembered fondly.

All said and done, President Clinton’s Evil Plan failed to resolve the problem of National Debt. The Repeal Movement exposes President Clinton’s contemptuous violation of Constitutional Principles of equal protection, equal justice and equal treatment under Law.

Whole Dude – Whole Plan

Whole Dude – Whole Plan: The Repeal PRWORA Project

**Whole Dude – Whole Plan: In this graphic, Julie Peasley shows how many one-dollar bills it would take to stack up to the total U.S. debt of $31.4 trillion.** ***Americans will give attention to my words after they fail to resolve the Economic Crisis through either Liberal or Conservative Spending Plans to revive the National Economy.***

Whole Dude – Whole Plan: Americans will give attention to my words after they fail to resolve the Economic Crisis through either Liberal or Conservative Spending Plans to revive the National Economy.

The Clinton Curse. America in Crisis. No Economist can Save the US from the present day economic downfall. Americans will give attention to my words after they fail to resolve the Economic Crisis through either Liberal or Conservative Spending Plans to revive the National Economy.

Americans will give attention to my words after they fail to resolve the Economic Crisis through either Liberal or Conservative Spending Plans to revive the National Economy.

REPEAL THE PRWORA PROJECT – RESIST DEGRADING CONSTITUTIONAL GUIDELINES. The Clinton Curse. America in Crisis. No Economist can Save the United States. Americans will give attention to my words after they fail to resolve the Economic Crisis through either Liberal or Conservative Spending Plans to revive the National Economy.

The economist who could save the world

By Ishaan Tharoor

Washington, D.C.

**Ishaan Tharoor. The Columnist for The Washington Post.**

Columnist covering foreign affairs, geopolitics and history. Education: Yale University, BA, honors in history and ethnicity, race and migration. Ishaan Tharoor is a columnist on the foreign desk of The Washington Post, where he authors the Today’s World View newsletter and column.

The economist who could save the world

John Maynard Keynes in his office at the Treasury in London on Aug. 25, 1945. (AP) Americans will give attention to my words after they fail to resolve the Economic Crisis through either Liberal or Conservative Spending Plans to revive the National Economy.

Who’s afraid of big spending now?

Across western democracies, the impact of the coronavirus pandemic has compelled governments of various stripes to unleash fiscal stimulus on their battered societies. Even before the virus paralyzed much of the global economy, public attitudes toward austerity had long soured, with parties across the political spectrum increasingly embracing more active social spending and eschewing platforms that touted cuts.In “The Price of Peace: Money, Democracy and the Life of John Maynard Keynes,” journalist Zachary Carter vividly explores the career of the early 20th-century economist whose prescriptions for economic crises linger with us. As The Washington Post’s review of the book puts it, governments are “still in thrall” to Keynes in myriad ways, but especially when faced with the troubles of our present. Carter, a reporter at HuffPost, spoke to Today’s WorldView about Keynes and his legacy. Below is an edited version of our chat.
What do we mean when we talk about “Keynesianism?”

Most of us encounter a version of Keynesianism in Econ 101 courses, where we learn that Keynes was the guy who counseled governments to spend big during recessions to help bring the government out of the doldrums. But Keynes himself never wanted to be remembered as a deficit therapist. He was a social thinker who was concerned with the great problems of his day: war and economic depression. And I think he would be very troubled by the idea that government spending on anything at all became the hallmark of his legacy in the economics profession. Although, he was not a modest man, and I think he would have taken some comfort in knowing that Democrats and Republicans alike have adopted policy strategies named after him.

Are there ways in which he viewed social goods and the responsibilities of lawmakers that would challenge the mainstream norms of our present, especially in America?

Very much so. Keynes was deeply afraid of social upheaval and revolution, but his social values were essentially radical. He was a gay man who lived with a community of pacifist artists and writers, who was very comfortable living against the grain of the social norms of his time. But I think he would be perplexed by what we deem to be political battles in the United States. He thought economic policy was the central political battleground for social justice, and the way economics has become technocratized and hived off from mainstream politics as an arena for specialists would have both excited and frightened him. He would be terrified by the idea that central political questions about equality and inequality have become the terrain of experts who essentially rule in favor of inequality, regardless of which political party is in charge. Keynes viewed inequality as a very dangerous thing — it’s something that preoccupied him when he wrote “The Economic Consequences of the Peace” and “The General Theory” — his two masterpieces.

The Clinton Curse. America in Crisis. No Economist can Save the United States. Americans will give attention to my words after they fail to resolve the Economic Crisis through either Liberal or Conservative Spending Plans to revive the National Economy.

For all the impact he’s had on economic policy thinking, he faced repeated political disappointments through much of his career.

I think there are very few people who have cultivated such monumental political legacies who had such pathetic political careers. Keynes lost essentially every public policy battle he waged between 1917 and 1941. All of his economic thought was developed in an attempt to prevent another calamity like World War I, and he obviously failed in that project. But that failure forced him to be increasingly ambitious with his thinking. If he had been able to persuade governments at Paris in 1919, for instance, to cancel international debts, we might never have seen “The General Theory.”

The conventional understanding now places Keynes, a champion of stimulus, against Milton Friedman, who came after him and is seen as a champion of austerity. Is that a useful binary?

I think we lose track of the fact that Friedman and Keynes had different social visions. They weren’t just arguing across the generations about which policies would best create the same desired result. They were arguing about what kind of world they wanted to live in. And the mathematicization of economics in the 20th century really obscures this deeper ideological conflict, often by design. Keynes wanted everyone to live in the Bloomsbury of 1913, having their hair cut by Virginia Woolf while drinking champagne and debating post-impressionism with Lytton Strachey. Friedman wanted to preserve these activities as the exclusive domain of the wealthy. Why be rich if you can’t live a better life than the masses? To which Keynes would counter: Who cares about the masses when you are drinking champagne with Virginia Woolf?

So literal champagne socialism?

Given the pandemic and the kind of spending many governments are mustering now, are we entering a new age of Keynesianism?

In a narrow sense, we’ve always been living in a Keynesian world. Even Republicans spend big to save the economy. But since 2008 and particularly today, it’s obvious that there is no market economy absent political support for economic activity, and recovery will require profound, long-term guidance from today’s great powers. But Keynes would not see the crisis as a matter of dollars and cents or imbalanced equations. He’d look to climate change, inequality and the escalating tensions between the United States and China as pressing social problems in need of immediate attention. And so he’d craft rescue packages that attempted to kill multiple birds with one stone: bring the economy to prosperity, of course, but establish a foundation for international harmony.Keynes never stopped believing in the potential for people to create a better world, even as the world in his own lifetime descended deeper and deeper into chaos and dysfunction. There was no problem he believed democracies were incapable of overcoming. People criticized him for being naive, but I don’t think democracies can afford to break that faith in the future.

The Clinton Curse-Curses for Disobedience. Americans will give attention to my words after they fail to resolve the Economic Crisis through either Liberal or Conservative Spending Plans to revive the National Economy.

Whole Dude – Whole Struggle

The Clinton Curse – Superpower -Super Struggle against Debt

US President Bill Clinton Launched A ‘New Beginning’ On August 22, 1996, With A View To Balance The Budget Unfairly Targeting The Financial Contributions Made By The Hourly Wage Workers Toiling In The US. I Trace America’s Economic Downfall From That Day.

The three dimensions of ‘The Clinton Curse’ are 1. Shrinking National Economy, 2. Growing Federal Budget Deficit, and 3. Steadily worsening Foreign Indebtedness.

THE CLINTON CURSE. A BALANCED BUDGET vs FOREIGN DEBT

US Deficit Estimated To Hit $1

Trillion For 2020, CBO Says

The CBO had previously estimated an $896 billion deficit for 2019 and $892 billion for 2020.

The Treasury Department reported earlier this month that the US budget deficit has already hit $867 billion for the first 10 months of the fiscal year, an increase of 27% over this time last year.

He added that to put spending on a sustainable course, “lawmakers will have to make significant changes to tax and spending policies — making revenues larger than they would be under current law, reducing spending below projected amounts, or adopting some combination of those approaches.”

The White House’s Office of Management Budget has run slightly higher numbers, predicting that the deficit will exceed $1 trillion for the entire fiscal year.

The country’s debt has been piling higher under the Trump administration in part due to a $1.5 trillion tax cut signed into law in 2017 along with a massive spending package passed by Congress. Adding to the amassing heap is a two-year budget deal, signed by President Donald Trump, set to raise government spending by hundreds of billions of dollars.

Trump pledged to eliminate the federal debt during the 2016 campaign.

“CBO projects that the recent budget deal will add $1.5 trillion, plus interest, to our rapidly growing debt over the next decade,” said Michael Peterson, CEO of the Peter G. Peterson Foundation in a statement. “That’s on top of an already unsustainable outlook driven by major structural factors like demographics and rising health care costs.”

The dismal economic forecast also comes as the President said his administration is weighing several tax cut proposals to help keep the economy moving. Doing so would only further reduce the government’s revenue and add to the country’s deficit.

“The recent budget deal was a budget buster, and now we have further proof,” said Maya MacGuineas, president of the Committee for a Responsible Federal Budget, in a statement. “Both parties took an already unsustainable situation and made it much worse. Debt is now going to grow to almost the size of the economy within the decade. If Congress keeps extending tax cuts, debt will likely exceed the size of the economy within the decade.

THE CLINTON CURSE – WHY THE UNITED STATES FAILED ON AUGUST 22, 1996?

**Whole Dude – Whole Struggle: The Clinton Curse – Superpower – Super Struggle against Debt. Why the United States failed on August 22, 1996?**

The Campaign to Repeal the Welfare Reform Act of 1996 is not about giving citizenship rights to non-citizens. It is about upholding the Supreme Law of the Land to abolish bondage, servitude, and slavery. The Reconstruction of America is not yet over. Slavery re-appeared in this Land in a new form and remains hidden or unnoticed. ‘The Clinton Curse’ explains as to why the United States failed on August 22, 1996. The Curse reveals the nature of The Beast that is waiting to overtake this nation.

THE CLINTON CURSE – THE BEAST IS WAITING TO OVERTAKE THE UNITED STATES

WHERE IS PROTECTION FOR MAN DURING GOLDEN YEARS OF HIS LIFE? HOW TO SURVIVE THE CLINTON CURSE?

THE GREAT AWAKENING MOVEMENT – SPIRITUAL WARFARE AGAINST THE CLINTON CURSE

A NEW BEGINNING IN AUGUST 1996 TO BALANCE THE BUDGET – RECOGNIZE REALITY OF THE CLINTON CURSE

PRESIDENT CLINTON’S NEW BEGINNING IN 1996.

ECONOMIC OPPRESSION OF ALIEN WORKERS

On August 22, 1996, US President Bill Clinton (Democrat) signed into Law that reintroduced Slavery, Involuntary Servitude, Serfdom and Forced Labor in the pretext of making ‘A New Beginning’. Welfare Reform Act or Personal Responsibility and Work Opportunity Reconciliation Act (PRWORA) is unjust and unfair for it violates Constitutional Law that defends natural rights of all people living in the United States. All US taxpayers must be treated as equals for receiving retirement income benefits for which they paid taxes. President Clinton’s action constitutes a transgression of President Abraham Lincoln’s Emancipation Proclamation that saved US Non-Citizens or Aliens from the indignity of Slavery.

EXPOSING THE CLINTON CURSE – TRAVESTY OF EMANCIPATION PROCLAMATION

NATURAL LAW vs MAN MADE LAW – SLAVERY IS CONTEMPT OF OVER 600,000 AMERICANS WHO DIED BECAUSE OF SLAVERY

US CONGRESS MUST DO THE RIGHT THING TO SAVE AMERICA FROM THE CLINTON CURSE

I ask my readers to review 43-word 13^th Amendment and tell me if those words still govern, rule, and operate the lives of all people, wage earners who perform labor paying taxes.

My readers should not be surprised if I describe the US Congress as “Slave Driver.” The reason for my claim is based on PRWORA enacted by the US Congress in 1996 that amended The US Social Security Act of 1935. This legal provision enacted by 104^th US Congress is incorporated as Section 202(y) of the Social Security Act. It mandates that no Retirement Income benefits shall be payable to registered alien (non-citizen) taxpayers in the United States without showing proof of lawful residency as determined by the Attorney General. In my view, unexpired Employment Authorization Document (EAD) must not be demanded if a worker has attained full retirement age as determined by law.

Social Security Act, Section 202(y) violates the principle enshrined in those 43 words called the 13th Amendment. This 1996 amendment to the Social Security Act is fundamentally flawed for it is unconstitutional. It takes away the property rights (earnings, wages, and retirement income) of individuals who paid Federal, State, Local, Social Security and Medicare Taxes working in this country to attain full retirement age.

The Emancipation Proclamation issued by President Abraham Lincoln (Republican) in September 1862 came into effect on January 01, 1863 freeing slaves in all territory still at War with the Union. These slaves were not citizens of the Land and had no political rights of their own. In Law, Servitude or Slavery refers to the burden imposed upon the property of a person by a specified right another has in its use. Servitude involves labor in which the person who performs labor has no right to his earnings from labor. The Emancipation Proclamation specifically protects, defends, preserves and safeguards rights of aliens or non-citizens residing in the United States.

The amended Social Security Act unconstitutionally gives power to Social Security Administration to withhold the property (wages, earnings, monthly retirement income benefits) of alien workers who are not convicted by US Court of Law. In my analysis, The Social Security Act of 1935 amended in 1996 fails to uphold the US Constitution as the Supreme Law of this Land.

I ask my readers to make the distinction between Social Security Tax and Monthly Retirement Benefit. The first represents the tax paid to the government and the second represents earning or wage entitled to a retired person to provide income and security during old age.

The 150th Anniversary of the 13th Amendment

December 9, 2015.|Speaker Ryan’s Press Office

WASHINGTON – Earlier today, at a ceremony in Emancipation Hall of the United States Capitol Visitor Center, President Obama and leaders of Congress commemorated the 150th anniversary of the 13th amendment to the Constitution. Following are House Speaker Paul Ryan’s (R-WI) remarks at the ceremony, as prepared for delivery:
The Thirteenth Amendment is just 43 words long. It is so short that, when you read it, you can almost miss the whole significance. You have to stop and remind yourself that 600,000 people died in the Civil War—600,000 died over 43 words. Or to be more precise, they died in a war that decided whether those 43 words would ever be written.

US Social Security Administration must either obtain a criminal conviction or designate septuagenarian Senior Alien as “SLAVE” to withhold the payment of his monthly retirement income.

President Clinton’s Slavery Law of 1996 tramples upon fundamental freedoms and human dignity entitled to all human beings without any concern for their country of origin or citizenship status.

The US Congress can levy taxes but cannot deprive any person of Life, Liberty, and Property without due process of law. The United States Cannot Balance the Budget and cannot solve the problem of mounting National Debt without reaping the Blessings of God’s Promise. President Clinton’s tricks and gimmicks will utterly ruin and destroy the Nation for he failed to obey the LORD.

Whole Dude – Whole Deficit

Whole Dude – Whole Deficit: The Repeal PRWORA Project

Whole Dude – Whole Deficit: The Clinton Curse. The Staggering Budget Deficit in 2020.- In 1996, President Clinton reintroduced Slavery, “A New Beginning” to balance the budget by undermining the protections offered by the Social Security Act.

In my analysis, the Economic Policy of President Bill Clinton is fundamentally flawed for it violated the principles of Natural Law that make America a proud and prosperous nation in the world. The economic downfall of the United States is relentless and is almost unstoppable. There can be no healing and no recovery without the Blessings promised by God and living up to the Official Motto “IN GOD WE TRUST.”

**Whole Dude – Whole Deficit: The Clinton Curse. The Staggering Budget Deficit in 2020. There are Curses and serious consequences for the Disobedience of LORD’s Commandments.**

U.S. deficit to soar to record $3.8 trillion in 2020, budget watchdog group says

**Whole Dude – Whole Deficit: The Clinton Curse. The Staggering Budget Deficit in 2020.:**

WASHINGTON (Reuters) – A steep economic downturn and massive Coronavirus rescue spending will nearly quadruple the fiscal 2020 U.S. budget deficit to a record $3.8 trillion, a staggering 18.7% of U.S. economic output, a Washington-based watchdog group said on Monday.

Releasing new budget estimates based on spending mandated by law, the Committee for a Responsible Federal Budget (CRFB) also projected that the fiscal 2021 deficit would reach $2.1 trillion in 2021, and average $1.3 trillion through 2025 as the economy recovers from damage caused by Coronavirus-related shutdowns.

The estimates follow the U.S. Treasury’s report on Friday of a $744 billion budget deficit in the six months through March 30, which included minimal impact from the outbreak of the new Coronavirus. Officials said significant budget impacts from spending and reduced revenues would appear in April’s budget results.

The CRFB, a coalition of former U.S. lawmakers, government officials and economists that has advocated for reducing deficits, said U.S. public debt by the Sept. 30 fiscal year-end would exceed 100% of U.S. GDP, from just under 80% prior to the Coronavirus crisis.

“These projections almost certainly underestimate deficits, since they assume no further legislation is enacted to address the crisis and that policymakers stick to current law when it comes to other tax and spending policies,” the group said in a statement.

CRFB’s projections also assume the economy experiences a strong recovery in 2021 and fully returns to its pre-crisis trajectory by 2025.

If that recovery is achieved, public debt would reach 107% of GDP that year, exceeding levels at the end of World War Two. A slower recovery could cause debt to reach 117% of GDP by 2025, the group said.

The record for a fiscal year deficit was $1.41 billion, set in 2009. Deficits exceeding $1 trillion followed for three subsequent years before subsiding as the economy recovered. But the deficit reached $984 billion in 2019 and the Congressional Budget Office had projected a $1.07 trillion deficit for 2020.

The CRFB started with that pre-crisis CBO estimate and added about $2.2 trillion in spending while subtracting $570 billion in revenue due to reduced economic activity.

Reporting by David Lawder; Editing by Paul Simao and Lisa Shumaker

Whole Dude – Whole Disaster

Whole Dude – Whole Disaster: The Repeal PRWORA Project

**The Clinton Curse. A Balanced Budget vs Foreign Debt.**

Whole Dude – Whole Disaster: The erosion of Christian Values sets in motion a great economic disaster since August 22, 1996: In this graphic, Julie Peasley shows how many one-dollar bills it would take to stack up to the total U.S. debt of $31.4 trillion.

President Clinton’s tricks and gimmicks will utterly ruin and destroy the Nation for he failed to obey the LORD.

**Whole Dude – Whole Disaster: From August 22, 1996 to August 22, 2023. The US Economy is on a Slippery Slope**

Federal Debt Clock

Today the Federal Debt is about $32,703,931,284,931.69.

The amount is the gross outstanding debt issued by the United States Department of the Treasury since 1790.

But, it doesn’t include state and local debt.

And, it doesn’t include so-called “agency debt.”

Federal Debt per person is about $97,803.

And, it doesn’t include the so-called unfunded liabilities of entitlement programs like Social Security and Medicare.

The Clinton Curse – The Beast is waiting to overtake the United States

**Whole Dude – Whole Disaster: From August 22, 1996 to August 22, 2023. Review of an economic disaster set in motion.The Clinton Curse. Why the United States failed on August 22, 1996?**

Where is protection for man during the Golden Years of his life? How to survive The Clinton Curse?

The Great Awakening Movement: Spiritual Warfare against The Clinton Curse

A New Beginning in August 1996 to Balance the Budget – Recognize reality of The Clinton Curse. An Economic Disaster set in Motion

President Clinton’s New Beginning in 1996.

Economic Oppression of Alien Workers

On August 22, 1996, US President Bill Clinton (Democrat) signed into Law that reintroduced Slavery, Involuntary Servitude, Serfdom and Forced Labor in the pretext of making ‘A New Beginning’.

Welfare Reform Act or Personal Responsibility and Work Opportunity Reconciliation Act (PRWORA) is unjust and unfair for it violates Constitutional Law that defends natural rights of all people living in United States. All US taxpayers must be treated as equals for receiving retirement income benefits for which they paid taxes. President Clinton’s action constitutes a transgression of President Abraham Lincoln’s Emancipation Proclamation that saved US Non-Citizens or Aliens from the indignity of Slavery.

Exposing The Clinton Curse – Travesty of Emancipation Proclamation is the underlying cause of 1996 to 2023 Economic Disaster

Natural Law vs Man made Law – Clinton’s Slavery Mandate is contempt of over 600,000 Americans who died because of Slavery

US Congress must do the Right thing to Save America from The Clinton Curse, The Economic Disaster of 1996 to 2023.

I ask my readers to review 43-word 13^th Amendment and tell me if those words still govern, rule, and operate the lives of all people, wage earners who perform labor in the US paying taxes.

My readers should not be surprised if I describe the US Congress as “Slave Driver.” The reason for my claim is based on the ‘PRWORA’ enacted by the US Congress in 1996 amending The US Social Security Act of 1935. This legal provision enacted by 104^th US Congress is incorporated as Section 202(y) of the Social Security Act. It mandates that no Retirement Income benefits shall be payable to registered alien (non-citizen) taxpayers in the United States without showing proof of lawful residency as determined by the Attorney General. In my view, the Social Security Administration must not demand a document such as an unexpired Employment Authorization Document (EAD) if an alien worker has attained full retirement age as determined by law.

The Emancipation Proclamation issued by President Abraham Lincoln (Republican) in September 1862 came into effect on January 01, 1863 freeing slaves in all territory still at War with the Union.

These slaves were not citizens of the Land and had no political rights of their own. In Law, Servitude or Slavery refers to the burden imposed upon the property of a person by a specified right another has in its use. Servitude involves labor in which the person who performs labor has no right to his earnings from labor. The Emancipation Proclamation specifically protects, defends, preserves and safeguards rights of aliens or non-citizens residing in the United States.

The amended Social Security Act unfairly gives power to the Social Security Administration to withhold the property (wages, earnings, monthly retirement income benefits) of alien workers who are not convicted felons. In my analysis, the Social Security Act of 1935 amended in 1996 fails to enshrine the guiding principles clearly stated in the US Constitution, the Supreme Law of this Land.

I ask my readers to make the distinction between Social Security Tax and Monthly Retirement Benefit. The first represents tax paid to the government and the second represents earning or wage entitled to a retired person to provide income and security during old age.

The Thirteenth Amendment is just 43 words long. It is so short that, when you read it, you can almost miss the whole significance. You have to stop and remind yourself that 600,000 people died in the Civil War—600,000 died over 43 words. Or to be more precise, they died in a war that decided whether those 43 words would ever be written.

All said and done, President Clinton’s Evil Plan failed to resolve the problem of National Debt. The Repeal PRWORA Movement exposes President Clinton’s contemptuous violation of the Constitutional Principles of equal protection, equal justice and equal treatment under Law.

The US Social Security Administration must either obtain a criminal conviction or designate the Senior Alien workers as SLAVEs to withhold the payment of the monthly retirement income benefits.

President Clinton’s Slavery Law of 1996 tramples upon fundamental freedoms and human dignity entitled to all human beings without any concern for their country of origin or citizenship status.

The US Congress can levy taxes but cannot deprive any person of Life, Liberty and Property without the due process of Law. The United States needs the Blessings of LORD God’s Promise to Balance the Budget and to solve the problem of mounting National Debt.

President Clinton’s tricks and gimmicks will utterly ruin and destroy the Nation for he failed to obey the LORD.

**Whole Dude – Whole Disaster: The erosion of Christian Values sets in motion a great economic disaster since August 22, 1996**

Simon Cyrene

Whole Dude – Whole Debt

Whole Dude – Whole Debt: The Repeal PRWORA Project

**Whole Dude – Whole Debt: The Clinton Curse: Foreign Debt.**

I ask my readers to make the distinction between Budget Deficit and Foreign Debt. I describe the phrase ‘The Clinton Curse’ from reading the Book of Deuteronomy which specifically mentions the Curse relating to a debt owed to foreign nations.

In my analysis, ‘The Clinton Curse’ demands the Repeal of Bill Clinton’s Slavery Law called PRWORA or The Welfare Reform Act of 1996.

Whole Dude – Whole Debt: The erosion of Christian Values sets in motion a great economic disaster since August 22, 1996: In this graphic, Julie Peasley shows how many one-dollar bills it would take to stack up to the total U.S. debt of $31.4 trillion.

SURPRISE! The budget deficit is soaring! 🚀🚀🚀

Whole Dude – Whole Debt: The Clinton Curse. A Balanced Budget vs Foreign Debt. In fact, the national debt went from $4.4 Trillion at the end of 1993 to almost $5.7 Trillion at the end of 2000, U.S. Treasury data shows, a 28 percent increase in the debt over this time when our nation supposedly was running a balanced budget.

Here’s a headline you might have missed amid the onslaught of news about Julian Assange, William Barr, Nipsey Hussle, and Michael Avenatti:

“US budget deficit running 15% higher than a year ago.”

The story cites this monthly report from the Treasury Department detailing these few eye-popping facts:

1) The budget deficit grew $146.9 million in the month of March alone.
2) The deficit for this fiscal year is now $691 billion — a 15% increase (or roughly $100 billion) from where we were at this point in 2018.
3) Treasury is projecting that the deficit will surge over $1 trillion by the end of the fiscal year in September.

To which, our politicians have responded: 😒

“Nobody cares,” White House chief of staff Mick Mulvaney reportedly told a group of Republicans who wondered why President Donald Trump wasn’t going to mention the ever-growing deficit in his State of the Union Speech earlier this year.

That’s a massive change from where Trump, Mulvaney and the rest of the Republican Party were on the dangers of debt and deficits just a few years ago. Here’s Trump talking to Sean Hannity in 2016 about how easily he will balance the federal budget:

“It can be done. … It will take place and it will go relatively quickly. … If you have the right people, like, in the agencies and the various people that do the balancing … you can cut the numbers by two pennies and three pennies and balance a budget quickly and have a stronger and better country.”

So, well, it hasn’t turned out that way. At all.

Here’s the kicker: Trump isn’t likely to pay a price — either within his own party or the broader electorate — for the soaring deficit. Less than 50% of people in a January Pew poll said that lowering the federal deficit should be a top priority of Washington policymakers. That’s down, rapidly, from 72% who said the same earlier this decade.

The Point: Deficits have lost their salience as a political issue. But that doesn’t mean they are going away. And, at some point, our political (and economic) systems will be forced to deal with our growing mountain of debt.

— Chris

How the U.S. Deficit and Debt Are Different?

**Whole Dude – Whole Debt: From August 22, 1996 to August 22, 2023. The US Economy is on a Slippery Slope**

The U.S. budget deficit was $211 billion in August 2018. That’s much lower than the record high of $1.4 trillion reached in FY 2009.
The U.S. debt exceeded $22 trillion on February 11, 2019. That’s more than triple the $6 trillion debt in 2000.

What is Foreign Debt?

Foreign debt is an outstanding loan or set of loans that one country owes to another country or institutions within that country. Foreign debt also includes obligations to international organizations such as the World Bank, Asian Development Bank or Inter-American Development Bank. Total foreign debt can be a combination of short-term and long-term liabilities. Also known as external debt, these outside obligations can be carried by governments, corporations or private households of a country.
In fact, the national debt went from $4.4 Trillion at the end of 1993 to almost $5.7 Trillion at the end of 2000, U.S. Treasury data shows, a 28 percent increase in the debt over this time when our nation supposedly was running a balanced budget.
The reason for the confusion is that the reported budget deficit/surplus does not take into account new debt being incurred by the Social Security and Medicare Trust Funds and other government loan programs. So, when the budget appeared to have gone down by $69 billion in 1998, the national debt increased by $109 billion, similarly, in 1999, the budget surplus appeared to be $126 billion, the actual national debt rose from just under $5.5 trillion to just over $5.6 trillion.

Whole Dude – Whole Debt: The Point: Deficits have lost their salience as a political issue. But that doesn’t mean they are going away. And, at some point, our political (and economic) systems will be forced to deal with our growing mountain of debt.

**Whole Dude – Whole Debt: From August 22, 1996 to August 22, 2023. Review of an economic disaster set in motion. The Clinton Curse. Why the United States failed on August 22, 1996?**

Whole Dude – Whole Curse

Whole Dude – Whole Curse: The Repeal PRWORA Project

In my analysis, the American Supremacy on the world stage is threatened by the COVID-19 pandemic. I want to provide a Biblical perspective on the economic fallout due to the new Coronavirus Disease. America cannot recover its place of pride in the world without healing described in the Bible. America is on a dangerous slippery slope for God has given the people a spirit of stupor, eyes that they should not see and ears that they should not hear, to this very day since the time the US President Bill Clinton transgressed the LORD’s Commandments.

Romans 11:8

⁸Just as it is written:

“God has given them a spirit of stupor,
Eyes that they should not see
And ears that they should not hear,
To this very day.”

Acts 28:27

²⁷For the hearts of this people have grown dull.
Their ears are hard of hearing,
And their eyes they have closed,
Lest they should see with their eyes and hear with their ears,
Lest they should understand with their hearts and turn,
So that I should heal them.” ’

Matthew 13:15

¹⁵For the hearts of this people have grown dull.
Their ears are hard of hearing,
And their eyes they have closed,
Lest they should see with their eyes and hear with their ears,
Lest they should understand with their hearts and turn,
So that I should heal them.’

Ezekiel 12:2

²“Son of man, you dwell in the midst of a rebellious house, which has eyes to see but does not see, and ears to hear but does not hear; for they are a rebellious house.

Jeremiah 5:21

²¹‘Hear this now, O foolish people,
Without understanding,
Who have eyes and see not,
And who have ears and hear not:

Isaiah 6:10

¹⁰“Make the heart of this people dull,
And their ears heavy,
And shut their eyes;
Lest they see with their eyes,
And hear with their ears,
And understand with their heart,
And return and be healed.”

COVID-19 KNOCKS ON AMERICAN HEGEMONY

By Ashley J. Tellis

May 4, 2020

Ashley J. Tellis holds the Tata Chair for Strategic Affairs and is a senior fellow at the Carnegie Endowment for International Peace, specializing in international security and U.S. foreign and defense policy with a special focus on Asia and the Indian subcontinent. He is also a counselor at the National Bureau of Asian Research and the research director of the Strategic Asia Program.

After almost two decades of conflicted hesitancy, the United States finally acknowledged that it is involved in a
long-term strategic competition with China. This rivalry, almost by definition, is not merely a wrangle between two major
states. Rather, it involves a struggle for dominance in the international system, even if China as the rising power disavows any such ambition. China’s very ascendancy—if sustained—could over time threaten the U.S. hegemony that has been in place
since the end of World War II. It is this reality of unequal growth—which has nourished China’s expanding influence and
military capabilities—that lies at the root of the evolving rivalry.

Although the term sometimes has unsettling connotations, the United States is a genuine hegemon, understood in the original Greek sense as a leader in the competitive international system. This hegemony derives from the fact that the United States is the world’s single most powerful state. First, it remains the largest economy in real terms, a foundation that underwrites its capacity to project military power globally in ways unmatched by any peers. Second, it possesses a sufficiently effective state that presides over a remarkably productive society. And, third, in partnership with strong allies in North America, Western Europe, East Asia, and Oceania, who share both values and interests, the United States has created an international order that buttresses its primacy materially, institutionally, and ideationally, thereby allowing it to advance diverse interests while economizing on its use of force. Although these foundations have been stressed in recent times, the Covid-19 pandemic now threatens them in deadly ways.

What is certain…is that the U.S. economy will face significant transitions in the aftermath of this pandemic in at least two directions that bear on the future of its national power.

But if the country is in fact now trapped in a period of low productivity growth and persistent weaknesses in aggregate demand…the net result may be a diminished capacity to sustain both the increasing domestic obligations and its extant international interests simultaneously.

While the damage caused to the U.S. economy and the human losses will make the task of preserving U.S. hegemony after the pandemic harder—at a time when most assessments suggest that countries like China are likely to recover faster than the United States—the reputational damage to Washington is just as serious.

Washington must double down on its alliances and partnerships. Only this U.S.-led confederation contains the preponderance of the global product that will durably immunize the liberal international order against any future challenges emanating from China or other rivals.

Preserving American hegemony over the long term
thus must begin with consolidating Washington’s
leadership within the largest single bloc of material power
in order that it may be effective beyond. Ensuring this
outcome requires the United States to take seriously—and
deepen meaningfully—the special geopolitical ties it has
nurtured throughout the postwar period, which would
among other things enable it to better shape the world’s
engagement with China to advance its own interests.
The management of the global pandemic thus far raises
doubts about the United States’ ability to sensibly expand
its power and to manage the evolving rivalry with China
intelligently and in league with the nations that will be
most needed for success. This is unfortunate given this
administration’s otherwise astute recognition of the
return of strategic competition.