January 26, 2010 -- The same austerity policy that was imposed on 1920’s Germany by Britain’s banker Hjalmar Schacht, which created the conditions for a dictator such as Hitler, is now being willingly accepted by Barack Obama. The Bank of England, Brown Brothers Harriman, and other international financial and industrial interests, sanctioned the destruction of sovereign nation-states, aspiring instead for an international alliance of business and agro-industrial cartels to supersede national governments. To bring this into existence, a weakened population was necessary, as a means to bring in a “strong leader.”

These same words are now being echoed in the United States, first by Obama on behalf of his Nazi-modeled health-care bill, and now in the Senate, by Republican Sen. Judd Gregg. Gregg is proposing a new budget advisory board, a financial death panel, with power to restrict spending in all aspects of the budget. “We are swimming in a sea of red ink that will drown any chance our children have for prosperity or even a decent standard of living. It is no longer enough for Congress to simply talk about reform; it is time for action and leadership.” What type of leadership is he referring to? The type that doesn’t flinch at killing their constituents.

Sen. Gregg has introduced an amendment to Tuesday’s proposed debt ceiling increase that will create a new 18 member board to force cuts on budget spending, subject to an up or down vote in Congress, under a strict time schedule, with no amendments allowed.

This proposal has been financed and pushed for years by billionaire Pete Peterson, who Gregg echoed on the Senate floor, claiming that the largest threat to the nation after terrorism is the deficit, and that therefore we must have a new, tough commission to make cuts in Medicare, Medicaid, and Social Security. Included in the language of the board’s proposals are the exact criteria of the European Maastricht Treaty, of limiting federal deficit expenditures to 3% of GDP. Under these criteria, every nation in Europe has been restricted from developing their economy, and the same British interests that pushed these policies to destroy Europe, are now pushing them through Obama.

Obama’s City of London masters, were caught off guard by the vote in Massachusetts against his Nazi-modeled health care bill, and are now pushing him to adopt a new Schachtian fascist austerity plan. This is intolerable, and as shown last Tuesday, will not be accepted by the American people. Since it appears that Congress is too cowardly, or too ignorant, to stand up for our nation’s interests, we, the people, must mobilize to elect a Congress that will defend the Constitutional principle of the General Welfare.

Do the voters who elected Scott Brown to stop Obama's health care bill know that Senator Brown now says he will support the Peterson Commission? Did Massachusetts elect him to go along with Obama, Sen. Dodd, and Barney Frank, in support of a financial death panel?

Advocates of fiscal austerity are only showing their ignorance of economics. Budget slashing during an economic collapse, accelerates job loss, and as the increasing numbers of unemployed need more government assistance, have less resources available to them. This increases poverty, and the collapse of tax revenue, joined with the growing numbers of people dependent on state and federal social programs, continue to bankrupt the states.

What we need is austerity for Wall St. Prosecute the criminals, don’t give them more money, take the money back, and instead, invest large amounts of credit into physical production. If an investment doesn't meet the Franklin Roosevelt standard of increasing the productive power of labor, it’s not worthwhile. And, as economist Lyndon LaRouche has emphasized, "We want to see successful new manufacturing firms, massive capital investment in infrastructure—led by nuclear power plants, high speed rail for passenger and freight delivery. We need an expansion of labor force productivity, through trillions of dollars of such targeted investment."

This, joined with a Glass-Steagall standard of banking, will get us back in the right direction. Last Tuesday’s vote was a good battle won, but remember, the shot at Lexington and Concord was merely the first one; not the defeat of the British empire. For a full defeat, we must restore national sovereignty, by rejecting London-backed fiscal austerity, and implementing LaRouche’s policies for a physically productive economy.

--Rachel Brown