LaRouche: State of the Union Address, 2003

- End Deregulation and Austerity Policies -
page 10

- End Deregulation and Austerity Policies -

Now the problem is this. Rightly, our Constitution says that the government and people of the United States are entirely sovereign over their affairs in their own territories. Therefore, we do not allow a state, or anybody else, to create indebtedness against the United States--except the government. This generally takes the implicit form, as provided in the Constitution, of the issue of currency by the Treasury Department of the United States; that is, the U.S. Treasury greenbacks, by the Treasury as ordered by the President and approved by the Congress. That's the way. Or, we can use that power to issue currency, and treaty agreements or other arrangements, to create credit against this credit or debt-creating authorization.

Now, as I shall indicate to you, there are programs that we could take now, and must take. We could bail this nation out, and solve the problems of, say, California, for example. We could do it. But the states by themselves can not do it. The Federal laws prohibit some of the measures they would have to take. And you can not, in a bankrupt economy, which is what the United States is today, you can not raise--from private sources--you can not raise the credit needed for these programs.

What we must do is increase employment, productive employment, throughout the country, in every state. We must do it in the useful forms of employment; we must get the credit for it; and we must proceed. The biggest single topic is infrastructure, as I shall indicate.

So the United States must change. It must end deregulation. The Federal government of the United States must end deregulation. We must end all those, and similar changes made between 1971 and the time that Brzezinski left office in 1981. (Who knows what horrors would have happened if we hadn't gotten rid of him.)

Therefore, we must do that because the object is to get enough productive activity going to raise the tax-revenue base sufficiently to balance the state budgets and to deal with these problems. Such as healthcare--people are being murdered in the name of austerity. Murdered by people like Enron types, who are looting the healthcare system in the name of shareholder value. That must come to an end. And the Federal government must do it, and the states must take comparable action, with the support and sympathy and protection of the Federal government. We must, in effect, take every piece of nonsense that was enacted as this type of legislation from 1971 to the present, and cancel it in one act of Congress--probably five pages; one five-page emergency action to eliminate the whole batch!

We can save the nation. But if you try to say we're going to fix it without changing those things, you're going to fail. You're going to fail worldwide. Because without our intervention, the world can't make it. The United States ain't much; it ain't worth shucks right now. But, if I were sitting in the White House right now as the sitting President, and I called for a conference among nations, I would get enough nations that would respond instantly, arrive promptly within the week, and we would have an international conference where we would adopt much of this kind of thinking as a policy. I could do it. I know I could it. Because I know these governments; I know these people abroad; I know how they respond.

So we must have a projection of an image from the Presidency itself, of a willingness to go in this direction. We must induce this sitting President to adopt that policy, by a bipartisan approach to that particular end. It can be done. I'm sure we can convince ``41'' {and} ``43'' to go along with it. But it's going to take a bit of work to do it. I also know enough about them, to know that.

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