Mitchell’s laws: The more budgets are cut and taxes inceased, the weaker an economy becomes. To survive long term, a monetarily non-sovereign government must have a positive balance of payments. Austerity = poverty and leads to civil disorder. Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
Why are these people protesting? What do they want?
Actually, I’m not sure what they want, but it’s clear what they don’t want. They don’t want to buy health care insurance. They seem to feel that the government telling them to buy health care insurance is an infringement on their freedom to go without health care insurance.
But, what will happen if they don’t have health care insurance? Will they simply grin and bear it when an appendix bursts or there’s that terrible pain on the left side of their chests? Will they tell their kids to ignore that broken arm?
Or, will they pony up the $25,000 – $50,000 or more that cancer or heart surgery costs, out of their own pockets? (Somehow, these folks don’t look all that wealthy.)
Or, (most likely) will they rush to the emergency room and force the hospital to accept them as charity patients, so that the people who do pay hospital bills can absorb the cost?
All these people so angry about being forced to have health care insurance — what next? Refusing to pay for food or to obey speed limits, as affronts to their “freedoms”? Or do they simply want someone else to pay for their health care?
Perhaps you readers know the answer. Please tell me: Why are these people protesting and what do they want?
I award 5 dunce caps to this entire fake-”freedom” protest movement, engineered by the so-called “religious” right.
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. Two key equations in economics:
Federal Deficits – Net Imports = Net Private Savings
Gross Domestic Product = Federal Spending + Private Investment and Consumption + Net exports