6. The Commission would abolish congressional limitations on the size of the national debt--so that the debt could go as high as the President pleased, without any interference from Congress.
7. The Commission recommends that Congress approve all federal public works projects three years in advance, so that the President could order the projects _when he felt_ the economy needed stimulation.
Remembering how President Kennedy and his administrative officials and congressional leaders used political extortion and promises of bribes with public money to force the House of Representatives, in January, 1961, to pack the House Rules Committee, imagine how the President could whip Congress, and the whole nation, into line if the President had just _some_ of the additional, unconstitutional power which the Commission on Money and Credit wants him to have.
The objective of the Commission on Money and Credit (to finish the conversion of America into a total socialist state, under the dictatorship of whatever "proletarian" happens to be enthroned in the White House) can be seen, between the lines, in the Commission's remarks about the "formidable problem" of unemployment.
The Commission wants unemployment to drop to the point where the number of jobless workers will equal the number of vacant jobs! And the clear implication is that the federal government must adopt whatever policies necessary to create this condition.
Such a condition can exist only in a slave system--like the socialist system of communist China where, for example, all "farmers" (men, women, and children) enjoy full employment; under the whips of overseers, on the collective farms of communism.
The Commission on Money and Credit was created on November 21, 1957, by the Committee for Economic Development (CED). In the 1957 Annual Report of the CED, Mr. Donald K. David, CED Chairman, gave the history of the Commission on Money and Credit. Mr. David said:
"CED began nine years ago [1948] to call attention to the need for a comprehensive reassessment of our entire system of money and credit.
"When the last such survey of the economic scene was made by the Aldrich Commission in 1911, we had no central banking system, no guaranteed deposits or guaranteed mortgages. There were no personal or corporate income taxes; no group insurance plans, pension funds, or Social Security system....