Anyone observing U.S. politics in recent years could easily conclude that lying about having sex is a serious offense worthy of impeachment, while lying about taking the country to war is hardly worth mentioning.

The basic issue is whether the financial elite or the government on behalf of the people should have the profit from creating money.

Even before winning its majority, Harper's Republican-styl e Conservative party - well to the right Canada's traditional Progressive Conservative Party - managed to win minority governments with less than 40 per cent of the popular vote.

A tight-money policy reinforces inequality in two ways. Its high interest rates disproportionately reward the rich, and the resulting unemployment disproportionately punishes the poor.

The statement, "The debt problem has become so extreme that we have no choice but to cut social spending" is presented as an objective assessment of our situation. But can you imagine a media commentator making the following assertion? "The debt problem has become so extreme that we have no choice but to raise taxes on the rich."

The free market is notorious for distributing resources in a highly unequal manner, with great concentrations of wealth at the top and poverty at the bottom. Our social programs, modest compared to those of many other Western countries, play an important role in redistributing some of those resources from the haves to the have-nots.

High interest rates focus on the revenue of a parasitic class.Historically the financial system has been structured in favour of moneyed interests, that is, creditors.