Mitchell’s laws: Reduced money growth never stimulates economic growth. To survive long term, a monetarily non-sovereign government must have a positive balance of payments. Economic austerity causes civil disorder. Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
Every day in every way, the Tea Party and its followers destroy America:
Washington Post, 9/22/11
House approves spending measure opposed by Senate; shutdown possible
By Rosalind S. Helderman and Paul Kane
Washington lurched toward another potential government shutdown crisis Friday, as the House approved a Republican-authored short-term funding measure designed to keep government running through Nov. 18 that Democrats in the Senate immediately vowed to reject.
While the disaster victims and their children wait beside their ruined homes, praying for help, Congress struggles keep the government running one more month. One more month. Perhaps these impoverished Americans should write to the Tea Party Patriots for help.
Senate Democrats are urging the House to pass a stand alone disaster relief measure. The GOP-controlled House on Wednesday rejected $3.7 billion in disaster relief as part of a bill to avert a government shutdown.
$3.7 billion. This year, the federal government will spend about $4 trillion, but Congress can’t even agree on $3.7 billion – less than one thousandth of the budget.
Speaker John Boehner (R-Ohio) said on Thursday there is no threat of a government shutdown despite Congress’ failure on Wednesday to approve a temporary budget extension that would have allowed the government to operate through mid-November.
The bill, which will keep federal agencies funded through Nov, 18, passed over staunch objections from Democrats, who opposed a provision that would pair increased funding for disaster relief with a spending cut to a program that makes loans to car companies to encourage the production of energy-efficient cars.
In Tea Party logic, you take your choice: Help the victims of natural disasters or save energy. Not both. Stupid? Of course. But we are talking about the Tea Party, a group that thinks reduced money growth will cause economic recovery.
So my suggestion is: Flood all houses inhabited by Tea Party members, then ask them whether they want help from the government.
I award the Tea/Republicans two dunces for ignorance and two traitors for cruel heartlessness toward suffering Americans:
(Note to Tea/Republicans: Despite running a large deficit in dunces and traitors, I never will run short — just as the federal government never can run short of dollars)
Rodger Malcolm Mitchell
No nation can tax itself into prosperity, nor grow without money growth. Monetary Sovereignty: Cutting federal deficits to grow the economy is like applying leeches to cure anemia. The key equation in economics: Federal Deficits – Net Imports = Net Private Savings