●The more budgets are cut and taxes increased, the weaker an economy becomes.
●Austerity starves the economy to feed the government, and leads to civil disorder.
●Until the 99% understand the need for federal deficits, the upper 1% will rule.
●To survive long term, a monetarily non-sovereign government must have a positive balance of payments.
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
Politicians, as a group, get crazy, because they have no real talent and no real control over their futures. Theirs is a strange, secluded world of “ins” and “outs,” where they can find themselves in either place, without understanding why.
The only thing that matters to politicians is votes, and to acquire votes, politicians say and do the nuttiest things. In that sense, politicians most closely resemble entertainers, who become successful or unsuccessful because of face, voice and money — an uncertain, process whose unpredictability drives them crazy.
That said, the right wing seems to have an advantage in the nuttiness sweepstakes, and I’m not sure why.
We had to live through crazy Michele Bachmann, crazy Herman Cain, crazy Newt Gingrich, crazy Ron Paul, crazy Rick Perry and crazy Rick Santorum, as nutty a group as ever collected election money from crazy people who actually paid good money to help these boobs become President.
We’re living through crazy Todd Akin, crazy Arizona Governor Jan Brewer, crazy Arizona Sheriff Joe Arpaio and crazy potential New Hampshire sheriff Frank Szabo – all right-wing and certifiable.
We duck for cover as every day a right wing, NRA backed nut, kills one or a dozen Americans, though as the right wingers tell us, even AK47 “guns don’t kill people.”
We continually hope to survive a right-wing, Dark Ages education thanks to Louisiana’s, Tennessee’s, Kansas’s and who knows what other states’ nutty anti-evolution laws.
We may have as our future President, a self-proclaimed, extreme right wing and simultaneously moderate, Mitt “I’m-on-both-sides-of-every-issue,-but-trust-me-to-lead-you” Romney.
And just when we try to take a breath from all this incredible goofiness, up pops this:
Republicans eye a return to gold standard
By Annalyn Censky | CNNMoney.com
Is gold money? Some Republicans think it should be.
The Republican Party is considering setting up a commission to examine the pros and cons of going back to the gold standard, according to draft documents of the party platform.
The official party platform won’t be decided until Monday, but a Republican National Committee spokeswoman confirmed the draft language to CNNMoney.
The commission harkens back to the early 1980s, when President Ronald Reagan set up a Gold Commission with the same intention. Only two members of the 17-member commission endorsed a return to the gold standard. One of them was Rep. Ron Paul, who remains an avid gold supporter.
“Now, three decades later, as we face the task of cleaning up the wreckage of the current Administration’s policies, we propose a similar commission to investigate possible ways to set a fixed value for the dollar,” the new proposal says.
It’s highly unlikely the United States would actually return to the gold standard. The country first moved away from the gold standard in 1933, and dropped it altogether in 1971. Despite support for its return by some on the political right, few mainstream economists support its reinstatement.
I’m almost afraid to say that advocating for a gold standard is as crazy as it gets, because no sooner will the words leave my mouth, than the right wing will come up with something even nuttier. It’s like we’re playing a Whac-a-Mole with right wing crazies instead of moles.
What next? Cut federal spending to cure unemployment and grow the economy? Whack!
Bomb abortion clinics and kill their nurses and doctors to save lives? Whack
Loosen political contribution limits to prevent “buying” of elections?
Cut back on bank regulation to prevent future bank dishonesty? Whack!
While most politicians are nuts, the right wing seems to have an edge on crazy, and I’m not sure why.
Rodger Malcolm Mitchell
Nine Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Medicare — parts A, B & D — for everyone
3. Send every American citizen an annual check for $5,000 or give every state $5,000 per capita (Click here)
4. Long-term nursing care for everyone
5. Free education (including post-grad) for everyone
6. Salary for attending school (Click here)
7. Eliminate corporate taxes
8. Increase the standard income tax deduction annually
9. Increase federal spending on the myriad initiatives that benefit America
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 Imports