Neither the banks nor the government have any legitimacy. Austerity is a Tax imposed without representation or even the barest sovereignty. The minimal criterion for one to even debate the legitimacy of these neoliberal governments would be that they honor their existing legal and political commitments. But as we see in the US and every European country, these are only illegitimate kleptocracies whose robbery has become overt and brazen.
So we see the “austerity” agenda moving forward, as Obama and the Republicans collaborate on extending tax cuts for the rich while conspiring to gut Social Security. (I no longer care about the tax cuts in themselves, but I juxtapose them with the call for further gutting of social spending and privatization as smoking gun evidence of government criminality, class war robbery.) Obama is a hard core Reaganite whose cherished policy goal, what he believes will be his righteous legacy to the elites (who he sees as his constituency) for the rest of history, is to gut the entire New deal state including SS and Medicare. The “deal” he made here, extracting a few slight concessions from himself, was done only under extreme political duress. For the first time he now fears for his re-election. (Though as the “sanctimonious purist” quote demonstrates, his heart isn’t in giving even a few crumbs to the poor. He truly despises the progressives, and even political expediency can’t overcome his public expression of that loathing.)
Many wanted to argue about the politics of the payroll tax holiday. Unfortunately, many more believe the lies about its being fiscally imperiled, or even that these governmental elites care about that. But the assault on SS has nothing whatsoever to do with rational concerns about its funding. Nor does the attempt to vilify it as “welfare” rather than an entitlement have any effect. Those who argue are mired in the appeasement mentality. They think you can “persuade” incorrigible criminals not to steal whatever they feel able to steal. It’s like believing you can appease the bank by begging for a mortgage modification and continuing to pay on a delinquent mortgage, because in theory they might decide you rationally merit a mod. Um, no.
The people overwhelmingly support SS and want to see it strengthened.
The elites universally want to destroy it, because they want to steal the money for themselves, because destroying it would further weaken the people, and because they simply hate the idea of having to trickle back down any of what they’ve stolen.
The fact that SS is perfectly solvent and has no inherent funding problems whatsoever is meaningless in a system run by criminals, where their lies prevail. The fact is that Social Security is an account payable by the US government. The only way it can be insolvent is if the government is insolvent. That’s impossible for a government sovereign in its own currency.
So whenever anyone in the government claims SS is in trouble, he’s simply threatening a voluntary default on the part of the government. And whenever anyone outside the government makes a similar claim, he’s simply predicting such a sovereign default.
So the fact that Obama and the DC gangs are making these threats does prove the nonexistence of this government’s sovereignty. Not because that’s fiscally “true”, but because they chose to make it true. They voluntarily abdicated.
The facts are clear:
1. No one among the elites cares about the deficit or the debt. The Bailout, the wars, Pentagon budgets, Big Ag subsidies, and all other corporate welfare, prove this.
2. “Austerity” is not, and is not intended to be, any kind of “fiscally conservative” or “fiscally responsible” measure. By definition any such conservative, if he existed, would focus 100% on the corporate welfare listed in (1).
3. To give a specific example, health care costs are out of control. We all know Single Payer is the only policy which would save a huge amount instead of increasing these costs. The Obama-Republican racket bailout
will only increase them; their own CBO says so. No one who supported Obamacare (like all Democrats) or will support it going forward (like Republicans who refuse to repeal it) has any right to any opinion at all on the cost of anything, or to claim any concern for “responsibility”.
4. Deficit terrorism like that propagated by the NYT (which is a rabid supporter or the wars and also supports the Bailout, the health racket bailout, and massive corporate welfare in general) is therefore nothing but a criminal propaganda campaign on behalf of the austerity crime agenda. It’s qualitatively similar to telling people being herded onto trains that they’re being sent to a place with better conditions. Some Nazi propagandists (“journalists”) were later tried for that.
5. So the people’s agenda here is clear:
We have to absolutely reject deficit terrorism. It’s already proven to be a false idea, and not one single person who argues in favor of it has any standing whatsoever do so, since the only true fiscally responsible position would be: Let’s end all corporate welfare, including the wars and the Bailout, and restitute everything the banks stole. Let’s institute Single Payer, which will save trillions. Then we’ll see whether or not we need to cut any social programs.
Since there is no such advocate, we can regard the subject as closed, and stick to a few simple demands:
Total Austerity for the Criminals, Not One Cent More From the People.
Total Austerity for Corporate Welfare.
No Taxes on the Non-Rich. (Meaning we must reject any new tax or tax increase which isn’t 100% upon corporations and the rich. That means rejecting everything.)
And refuse to even discuss deficits or the debt except in terms like the ones outlined here. Refuse to even discuss beyond: “Deficits? OK, then let’s end all corporate welfare.”
Even before this the moderate Chris Whalen has been saying
he thought it won’t be long into 2011 before state governments will start telling mortgage debtors to stop paying mortgages but continue paying property taxes. The idea is that the states are increasingly being abandoned by the banks and the federal government. This abdication of legitimacy is becoming clear at the same time the states and localities are facing true fiscal crisis. So under those circumstances, rational state and local governments would want the people to keep the money local as much as possible. Paying the property tax before the mortgage, and if necessary only the property tax, while keeping up the property (which the banks themselves are prone to leave derelict after a foreclosure), is a way to accomplish that. Why should a state feel any call to enforce any “right” of Wall Street? On the contrary, they should declare such abdicated rights null and void.
If the alert about how this DC deal will further hit the states is true, that may accelerate the coming of the day Whalen was talking about.
Yet another critical piece of evidence for the already massive pile: There is absolutely no legality or legitimacy whatsoever in this bank mortgage-based land dispensation.
It is manifest nonsense to even try to claim the homeowner has any moral or legal relationship with anyone but the local government, to whom he owes property taxes, and the community, to whom he owes his good stewardship of the property.
Beyond that, to pay a cent to the banks, e.g. to keep paying on an invalid mortgage, is simply to throw money into a meaningless void.
So just a quick recap:
1. The Bailout itself strips the banks of any and all valid right to exist, period. They’re history’s worst robbers, nothing more and nothing less. No citizen could possibly owe them anything.
2. The failure to convey the title legally converts the mortgage to an unsecured loan in 45 states, and renders the MBS, which we already knew were worth pennies on the dollar at best, literally worthless, since the trusts were never anything but pure fraud. So the former proves the invalidity of the mortgage for the legalistically minded, while the latter is further proof that the banks are all insolvent, and the bailout was nothing but a monumental robbery committed by the government itself.
3. Even if one wanted to legally and/or morally argue that “the homeowner still owes somebody” on the mortgage, there’s no way to legally establish who that “somebody” might be. So I insist again that under such extreme circumstances (circumstances of course imposed unilaterally by the banks themselves), we should consider our legal obligation to be only to the local government and our moral obligation to be only to the community.
And again, even if in a particular case we could establish which bankster technically has a “right”, it would be irrelevant since through the immensity of their crimes all banksters have forfeit all rights to anything from us.
4. And now, after MERS, after robo-signing, after forged notes and allonges, we learn that the foreclosures have also been directly criminally processed in this new way. And God knows how many other ways that we don’t yet know about.
How could anyone coherently argue that there’s any constructive way to deal with such absolutely incorrigible criminals? Or to coexist with them at all?
There’s really no alternative. Jubilate In Place, or else cave in and submit once and for all to history’s most larcenous tyranny and chaotic banana republic.
I think by now the call for debt jubilee and smashing the banks is the truly moderate, rational, conservative, law-seeking position, while any call to still temporize with the banks at all is the real call to riot.