●The more budgets are cut and taxes increased, the weaker an economy becomes.
●Austerity is the government’s method for widening the gap between rich and poor, which 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.
Mitt Romney, the man of many (none?) beliefs, finally has decided to make a statement about international conflict. His timing might have been a bit better:
Mitt Romney: arm the Syrian rebels
Republican presidential candidate is to call for an escalation of the conflict in Syria in a major foreign policy address
Ewen MacAskill in Washington
Monday 8 October 2012
Mitt Romney will call for an escalation of the conflict in Syria by arming rebels with the heavy weapons needed to confront president Bashar al-Assad’s tanks, helicopters and fighter jets.
Romney is to make the proposal on Monday in what his campaign team has billed as a major foreign policy speech in Lexington, Virginia. In extracts published in advance, he opened up the prospect, if he becomes president, of a US-Iranian proxy war being fought in Syria.
The proposal would mark a significant shift from Barack Obama’s administration’s policy of trying to keep the conflict a low-intensity one amid fears it might turn into a regional war. Obama is putting pressure on Saudi Arabia and Qatar, the main backers of the rebels, to restrict the supply of weapons to small arms.
The Republican presidential candidate has made several attempts at establishing his credentials to be commander-in-chief but those speeches made little impact. The speech is aimed at countering critics who say he has not had much to say so far about foreign policy and given little indication of the lines he would pursue as president.
He accused Obama of failing to provide unequivocal support for the rebels in Syria. “I will work with our partners to identify and organise those members of the opposition who share our values and ensure they obtain the arms they need to defeat Assad’s tanks, helicopters, and fighter jets.”
Although Romney has straddled nearly every side of nearly every issue, he finally has decided to take a bold stand — just in time to look even more foolish and reckless:
Islamic militants help seize missile base in Syria
By Ben Hubbard and Zeina Karam | Associated Press
BEIRUT (AP) — Fighters from a shadowy militant group with suspected links to al-Qaida joined Syrian rebels in seizing a government missile defense base in northern Syria on Friday, according to activists and amateur video.
The assault underscored fears of advanced weaponry falling into the hands of extremists playing an increasingly large role in Syria’s civil war. Videos purportedly shot inside the air defense base and posted online stated that the extremist group, Jabhat al-Nusra, participated in the overnight battle near the village of al-Taaneh, five kilometers (three miles) east of the country’s largest city, Aleppo. The videos show dozens of fighters inside the base near a radar tower, along with rows of large missiles, some on the backs of trucks.
A report by a correspondent with the Arabic satellite network Al-Jazeera who visited the base Friday said Jabhat al-Nusra took the lead in the attack, killing three guards and taking others prisoner before seizing the base. The report showed a number of missiles and charred buildings, as well as fighters wearing black masks.
So Mitt Romney, safely at home, surrounded by secret service agents, wants to give the rebels heavy weapons? And what will the rebels do with those heavy weapons? Anyone think there is a possibility they might give them to Jabhat al-Nusra, who then will turn them on our troops?
The U.S. has a long history of supporting rebels who later became our enemies. Thousands of American soldiers have paid the price. President Obama also had been guilty of “If-we-help-them,-they’ll-love-us” syndrome, though he lately he may have begun to learn his lessons in political reality.
Surely, the attack on the U.S. consulate compound in Benghazi, Libya, that left Ambassador Chris Stevens and three other Americans dead, has been educational.
Romney having learned nothing from history, wants to repeat the ham-handed, bully politics of our past, which includes arming everyone in sight, and hoping something good comes out of it.
Of course, arming rebels is good business for our wealthy weapons industry, but that couldn’t have anything to do with Romney’s new stand — could it?
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’s 99%
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