●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.
Here is all you suckers need to know about Barack Obama — that great protector of the middle and lower income groups. Read this excerpt from Policymic.com
Treasury secretary Timothy Geithner is reported to have offered a set of proposals that include increasing tax rates on the wealthy, a one-year postponement of scheduled cuts in defence and domestic spending, and $400bn in savings from Medicare and other entitlement programmes.
First, get angry at Obama for doing what he long has told you he would do: Cut benefits to the middle and lower classes, and camouflage this with a puny tax rate increase on the wealthy (which they won’t even notice, scarcely will pay, and in any event, will do you no good whatsoever).
But after you’re finished blaming Obama, blame yourselves for believing the BIG LIE that makes these cuts possible — the BIG LIE that federal deficits must be reduced.
You didn’t even try to understand Monetary Sovereignty, a simple statement of the fact that the federal government never can run short of dollars.
You didn’t even try to understand why, far from being too high, federal deficits have been way too low. You didn’t even try to understand why federal finances are different from personal finances and local government finances. You didn’t even try to understand why taking money out of the economy, via tax increases or spending cuts, causes recessions — always, always, always.
You didn’t contact your Senator and Representatives, demanding that they tell the truth about federal finances, rather than lying about deficits and debt. You didn’t write a letter every day, to Obama, demanding that he too tell the truth. You didn’t contact all those media types who speak and write the BIG LIE.
In short, you didn’t even try to save yourself. Instead, you allowed yourself to be brainwashed. Instead, you chose to mock those who tried to help you understand.
Rather than learning, you smugly made ignorant comments about how we would become the Wiemar Republic or Zimbabwe if deficits grew. You rejected all the facts, and calmly allowed the BIG LIE to penetrate your skull.
And now, your chickens, as they say, are coming home to roost. Your chickens, your children’s chickens. Your grandchildren’s chickens.
Your Medicare will be cut. Your Social Security will be cut. Aid to the poor will be cut. Medical research & development: Cut. Infrastructure maintenance. Cut. Food and drug oversight: Cut. Financial regulation: Cut.
Those thousands of federal services that not only benefit the lower 99% income group, but help reduce unemployment and grow the economy; Cut, because you fell for the nonsense about the government being “too big” and the deficit being “unsustainable” and how people should be “self-sufficient,” and deficits cause hyperinflation, and those who accept government help turn into “sloths.”
Facts? Who needs facts? Not you. You have your intuition, and that’s all you suckers need. That, and the debt-hawks whispering in your ears.
The only thing that won’t be cut: Your taxes. FICA, the worst tax in America, the tax directed at you middle-class salaried people — that will go up.
Austerity. Just like Greece. It’s happening to you now, suckers, right under your nose. The upper 1% once again has won. They are taking your money, taking away your life — with your approval. No, with your insistence.
When the reality of your unnecessarily declining world begins to sink in, and you find yourself whining about expensive health care, inadequate Social Security, unaffordable college, unemployment and ever more frequent and severe recessions, you can remember all your dumb-ass, smart-ass, sarcastic, debt-hawk comments.
Now if this gets you mad, good. Use that emotion to contact every politician and every newspaper, and tell them to learn the facts about Monetary Sovereignty. Tell them the deficit is too low, and FICA should be eliminated, and federal spending should be increased. Tell them if they vote for austerity, they’ll lose your vote.
Use your self-proclaimed self sufficiency to save yourself.
Or just lie back and let them screw you, again. Suckers.
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