Burning the Midnight Oil for Progressive Populism
Suppose that you were a political party devoted to the interests of the top 1% wealthiest in the country. And suppose that either you or your puppeteers knew that public debt is private wealth. And suppose that it was politically convenient to attack programs that provide no benefit to the top 1% as generating public debt. What would you do?
(1) Pretend that you are opposed to generating public debt whenever there is a risk that government money will get spent on the 99ers ~ that is, the bottom 99%, though the 99ers in terms of running out of unemployment benefits are obviously one part of the broader 99ers.
(2) Take actions to run deficits whenever you have the opportunity to set fiscal policy.
(3) Take action to get the 99ers into debt to your paymasters, so get all of the private wealth created into your paymaster’s hands.
(4) Collect your 5% tip from your paymasters, and live high off the hog.