The original concept for banking was sound, and envisioned interest earned by lending out personal savings, which could even manage a certain percentage of failed loans. When those savings converted to the more daring, but also more dangerous, challenge of having it all now under a planned debt payment – the economy as a whole climbed out on a limb and handed the saw to every business that might grow greedy and raise its own share.

I get asked repeatedly by clients and friends, “Pooper, when is the recovery going to happen?”

To which I answer, “Are you referring to the recession, or the actual beginning of the collapse of our economy?” I typically get blank stares.

Allow me to expound. What you are seeing in America today is not a recovery from anything; not from the “recession” (called so because we have to have a label for everything), not from jobs lost, not from jobs outsourced overseas…there has been no recovery and will be no recovery until we undo what Conservatives (and in some cases, Democrats) did to ruin the economy.

The basic premise of America Speaks is that budget deficits are dooming us and must be stopped. That premise is wrong and fraudulent. Here’s why.