●The more budgets are cut and taxes increased, the weaker an economy becomes.
●Until the 99% understand the need for federal deficits, the 1% will rule.
●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.
In two days, the Supreme Court is expected to hand down its decision regarding “Obamacare.”
No, actually that isn’t true. Let me rephrase:
In two days, the five right-wing, extremist majority of the Supreme Court is expected to hand down its decision regarding “Obamacare.” No one knows what the “originalists-only-when-it-suits-the-wealthy” will do. (These are the men who were against judicial activism before they were for it.)
If past performance is any indicator, they will do whatever it takes to increase the gap between the rich and the poor, i.e reject much or all of the plan.
Nevermind that the vast majority of legal scholars say the plan is Constitutional. When you have the likes of Scalia, Thomas and Alito running the show — men who never fail to find excuses for voting against the public good and for the wealthy — anything is possible.
It remains to be seen whether the extreme right wing of the Supreme Court will add to its anti-lower-classes legacy. Actually, we already know the legacies of Scalia, Thomas and Alito, and they aren’t pretty. So it all boils down to this: What will be the legacy of Justice John Roberts?
In this regard, I recommend to you the following article: With Health Care On The Line Again, Morality Matters Most
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