What's wrong with this picture?

Full employment ends welfare.

Hundreds of years and trillions of dollars of government spending have given us roads and bridges, levees and dams, sea and air ports, schools and clinics, fire and police stations, courts and prisons, and the armed services that protect everything. Spending is good!

Time is our most valuable and most wasted resource. Every week, over 25 million Americans draw benefits instead of creating wealth. To beat China, we need to spend trillions of dollars more, not less, on infrastructure. Spending is good!

Government spends too much only when it buys scarce resources that could be better used by the private sector. Our scarcest resource is energy and the only way to increase it is by spending more, not less, on developing coal, oil, hydraulic, solar, wind, geothermal, and nuclear resources. Spending is good!

What’s bad? Borrowing money with Treasury bond auctions and paying interest is bad. Instead, let’s print the damn money! Out of wartime desperation, both Lincoln and Roosevelt printed mountains of money with lasting success. Two of our greatest inventors, Henry Ford and Thomas Edison, believed that government should create debt-free money for public projects. Two conservative business men! http://prosperityuk.com/2000/09/thomas-edison-on-g...

Pro? Full employment will create “Heaven on Earth” if we print enough money but not too much more. Con? Harmful inflation will result if we either print or borrow too much money. Printing increases the money supply directly while auctioning bonds moves money from idle savings to active investment with the same inflationary effect. But printing money is much less inflationary than bond auctions because much of Treasury’s interest payments (usually exceeding the cost of the bond) will also be invested.

Any stinking little corner bank can create money out of thin air so that you can buy a home and pay back the loan with interest. But, because of a bribery-induced law, our almighty Congress can’t create money out of thin air to repair a bridge which will pay for itself over 50 years. By paying bond interest, Congress redistributes the taxes of the middle class to rich bond-holders! End the scam! Print the damn money!

As Lincoln and FDR proved in wartime, our nation is never constrained by a scarcity of dollars but only by available time, materials, labor, and productive capacity. When those resources become scarce and inflation begins, that’s the signal for government to reduce printing and raise interest rates. It’s like sprinkling the lawn: stop when you have done enough! Voila - “Heaven on Earth”!

Stop borrowing and paying interest! Print the damn money and spend it on infrastructure!

Economics cartoon: http://neweconomicperspectives.org/2013/01/mmt-mov...

Google: Economics faculty, UMKC; http://www.neweconomicperspectives.org/

But it buys so many votes! If we would study Germany's economic history we would see we are driving ourselves over the cliff cause sooner or later you have to pay for all the free stuff, they almost went under if they weren't bailed out, but we only have Arab nations willing to buy our debt, not something we want.

It's the Inequality, Stupid

http://www.motherjones.com/politics/2011/02/income...

Wrong, we have been spending it on unnecessary wars.