●The more federal 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.
●The penalty for ignorance is slavery.
The Republicans still don’t get it.
Senators introduce GOP alternative to Dream Act
By Rosalind S. Helderman, Published: November 27
After an election that bared the GOP’s huge disadvantages on immigration, three influential Republican senators have introduced legislation that would grant legal residency to young people brought illegally to the United States, if they seek higher education or enlist in the military.
The proposal comes as more Republicans have called for the party to soften its opposition to illegal immigration in the wake of massive November electoral losses that were driven, in part, by low support among Latino voters.
The measure — sponsored by Sen. John McCain (Ariz.), and retiring Sens. Kay Bailey Hutchison (Tex.) and Jon Kyl (Ariz.) — would offer a Republican alternative to the so-called Dream Act, providing a pathway for young adults to apply for legal permanent residency — but not citizenship — if they have completed military service or higher education and have worked in the United States for at least four years.
Despite Republican anxiety about the party’s inability to lure a growing number of Latino voters — President Obama beat GOP challenger Mitt Romney among Latinos by 44 percentage points — Hutchison and Kyl said their bill is not a response to the election.
Translation: We try to care about the less fortunate, but it simply isn’t in us. We did everything we could to prevent poor people from voting, but we still got our butts kicked. For some strange reason, Americans don’t like mean bullies.
So, we’ll try this phony half-way measure, and maybe that will fool enough people to get us votes.
But of course, this isn’t about votes. It’s about compassion.
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