–Rand Paul’s big idea: Make my billionaires happy. Friday, Oct 17 2014 

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

Mitchell’s laws:
Liberals think the purpose of government is to protect the poor and powerless from the rich and powerful. Conservatives think the purpose of government is to protect the rich and powerful from the poor and powerless.

●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 ultimately 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.
●Everything in economics devolves to motive,
and the motive is the gap.
==================================================================================================================================================================

Hi, I’m Rand Paul. Here is my big idea as stated on my own website:

“The three largest drivers of spending, not including interest payments, are Medicare, Social Security and Medicaid.

“The solution to the government’s fiscal crisis must begin by cutting spending in all areas, particularly in those areas that can be better run at the state or local level.”

Translation: Our Monetarily Sovereign government, never can run out of its own sovereign currency, and which has the unlimited ability to create dollars and to pay its bills, mysteriously cannot afford to pay its bills. (Don’t ask me how.)

So, all federal obligations, including Social Security and Medicare, should be loaded onto our monetarily non-sovereign state and local governments, which do not have the unlimited ability to create dollars and already struggle to pay their bills.

That is part of my big idea.

“Forty six states across the nation have enacted Balanced Budget Amendments (BBA) in their state constitutions. I have long been a proponent of adopting the same principle for the federal government.”

Translation: Federal finances are exactly like state finances. Please forget that the federal government is Monetarily Sovereign and the states are monetarily non-sovereign.

Yes, really forget all about it. I want you to remain ignorant about federal finances, so I can deceive you with non-solutions to non-problems.

That is part of my big idea.

“The unsustainable levels of debt come shortly after four years of deficits of more than $1 trillion.”

That’s one of those non-problems I’ve been talking about. There is no level of spending that is “unsustainable” for the federal government. I’m trying to sucker you with a giant con-job, because that is what I’ve been paid to do.

My wealthy supporters and I love austerity, because most government spending benefits the not-rich. We want spending to be cut, because spending cuts widen the Gap between the rich and the rest. And it’s the gap that makes them rich.

So vote for me so you can pay for my billionaires and me to be very, very happy.

That is my big idea.

Rodger Malcolm Mitchell
Monetary Sovereignty

===================================================================================
Ten Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Federally funded Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
3. Provide an Economic Bonus to every man, woman and child in America, and/or every state a per capita Economic Bonus. (Click here) Or institute a reverse income tax.
4. Free education (including post-grad) for everyone. Click here
5. Salary for attending school (Click here)
6. Eliminate corporate taxes (Click here)
7. Increase the standard income tax deduction annually
8. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (Click here)
9. Federal ownership of all banks (Click here and here)

10. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)

The Ten Steps will add dollars to the economy, stimulate the economy, and narrow the income/wealth/power Gap between the rich and the rest.
——————————————————————————————————————————————

10 Steps to Economic Misery: (Click here:)
1. Maintain or increase the FICA tax..
2. Spread the myth Social Security, Medicare and the U.S. government are insolvent.
3. Cut federal employment in the military, post office, other federal agencies.
4. Broaden the income tax base so more lower income people will pay.
5. Cut financial assistance to the states.
6. Spread the myth federal taxes pay for federal spending.
7. Allow banks to trade for their own accounts; save them when their investments go sour.
8. Never prosecute any banker for criminal activity.
9. Nominate arch conservatives to the Supreme Court.
10. Reduce the federal deficit and debt

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:
1. Federal Deficits – Net Imports = Net Private Savings
2. Gross Domestic Product = Federal Spending + Private Investment and Consumption – Net Imports

THE RECESSION CLOCK
Monetary Sovereignty

Monetary Sovereignty

Vertical gray bars mark recessions.

As the federal deficit growth lines drop, we approach recession, which will be cured only when the growth lines rise. Increasing federal deficit growth (aka “stimulus”) is necessary for long-term economic growth.

#MONETARYSOVEREIGNTY

–Absolute proof the federal government spends too much Thursday, Oct 16 2014 

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

Mitchell’s laws:
Liberals think the purpose of government is to protect the poor and powerless from the rich and powerful. Conservatives think the purpose of government is to protect the rich and powerful from the poor and powerless.

●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 ultimately 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.
●Everything in economics devolves to motive,
and the motive is the gap.
==================================================================================================================================================================

Politicians, especially the Tea Party, the Republicans and the Libertarians, long have said the federal government spends too much.

At least one Libertarian web site frequently refers to the federal government as “the Leviathan,” painting a picture of a huge monster hovering menacingly over our lives.

Here are some of the reasons why spending by this huge monster should be cut:

THE FEDERAL GOVERNMENT SPENDS TOO MUCH TO SUPPORT HEALTH CARE:

A study earlier this year by the Commonwealth Fund found that of the top 11 developed nations, the United States ranks dead last in health care and health outcomes like infant mortality and life expectancy.

A similar report from the World Health Organization ranks our health care system 30th in the world.

THE FEDERAL GOVERNMENT SPENDS TOO MUCH ON RESEARCH & DEVELOPMENT:

Why Don’t We Have an Ebola Vaccine?

Washington missed its chance to be prepared. Now, politicians are fighting over whom to blame.

On Friday, National Institutes of Health Director Francis Collins told the Huffington Post that we should have been better prepared to handle Ebola. “Frankly, if we had not gone through our 10-year slide in research support, we probably would have had a vaccine in time for this that would’ve gone through clinical trials and would have been ready,” Collins said, noting that federally funded scientists have been working on a vaccine since at least 2001.

He was just highlighting the obvious: The less money the NIH has for research, the less research it can do.

Hillary Clinton and Elizabeth Warren have both suggested that U.S.-led efforts to combat the Ebola outbreak have been hampered by the sequester and the years of budget cuts that preceded it. That attack moved from the implicit to the explicit when a little-known liberal group ginned up Beltway headlines with an attention-grabbing “Republican cuts kill” ad campaign.

THE FEDERAL GOVERNMENT SPENDS TOO MUCH TO SUPPORT K-12 EDUCATION:

Meanwhile, while the US is at the bottom of the health-care barrel, we’re also far behind when it comes to education and educational outcomes.

Last year, the Program for International Student Assessment looked at how 15-year-old students in 65 nations across the globe performed on a variety of tests.

The group found that US students ranked just 17th in reading comprehension and 21st in math.

And similar studies have found that among developed nations, the US also comes in towards the bottom in educational attainment, or the highest degree of education an individual has completed.

THE FEDERAL GOVERNMENT SPENDS TOO MUCH TO SUPPORT COLLEGE EDUCATION:

How College Costs Are Skyrocketing Out Of Middle-Class America’s Reach

Over the past three decades, the inflation-adjusted income of the median American family has basically remained stagnant. The same can’t be said of college costs, which have simultaneously surged to almost unrecognizable heights, according to a new report by the left-leaning Center for American Progress.

Costs at private nonprofit four-year colleges have increased by more than 150 percent since 1982, but the real trouble is at four-year public schools, where inflation-adjusted costs have experienced a startling 250 percent jump.

It’s not so difficult to understand how this puts families in a bind. As of 2011, only half of American households could claim an income of more than $50,000, according to the U.S. Census — a number low enough to make paying for a child’s college education appear more dream than reality.

And by many measures, college is more important than ever. As the CAP report states, “almost two-thirds of jobs in our economy will [soon] require some type of education or training beyond high school.”

monetarily sovereign

THE FEDERAL GOVERNMENT SPENDS TOO MUCH TO SUPPORT COLLEGE STUDENTS:

Mark Cuban Explains the Student Loan Crisis

“It’s inevitable at some point there will be a cap on student loan guarantees. And when that happens you’re going to see a repeat of what we saw in the housing market: when easy credit for buying or flipping a house disappeared we saw a collapse in the price housing, and we’re going to see that same collapse in the price of student tuition, and that’s going to lead to colleges going out of business.”

A majority of young Americans- 57% – view student loan debt as a major problem, and the average college student graduates with $30,000 in debt.

As Cuban and others point out, the failure to address these aspects will lead to diminished economic productivity in the long run, since young Americans have to spend a growing percentage of their income to service student loan debt.

When you factor in a high youth unemployment rate of 13.2%, you have an economic perfect storm that can decimate Millennials before they even get started.

THE FEDERAL GOVERNMENT SPENDS TOO MUCH ON OUR ROADS:

Fueling Road Spending with Federal Stimulus
Sylvain Leduc and Dan Wilson

Highway spending in the United States between 2008 and 2011 was flat, despite the serious need for improvements and the big boost to state highway funds from the Recovery Act of 2009.

The aging U.S. transportation infrastructure has been steadily deteriorating for many years now and needs serious maintenance and repair. The American Society of Civil Engineers gave the nation’s roads a “D” rating in 2013, indicating that they are mostly below standard, with a large portion of the system exhibiting significant deterioration.

Similarly, the World Economic Forum ranked the United States 18th in the world in terms of road quality in 2013. While it’s widely acknowledged that the country’s highways need repairs, policymakers disagree about how to pay for these improvements.

THE FEDERAL GOVERNMENT SPENDS TOO MUCH TO HELP THE AGED:

Currently, the Social Security Board of Trustees projects program cost to rise by 2035 so that taxes will be enough to pay for only 75 percent of scheduled benefits.

THE FEDERAL GOVERNMENT SPENDS TOO MUCH TO HELP THE POOR

September 16, 2014
“Today the U.S. Census Bureau reported that 14.5 percent of the nation’s population – 45 million people – are living in poverty. The report also found that 20 percent of all American children live in poverty.

The list goes on and on. Clearly, the federal government — the “Leviathan” — is far too big, spending needlessly, considering the minimal problems facing the U.S.

The solution: Spend less on Health Care, less on Research & Development, less on Lower Education, less on Higher Education, less to support College Students, less on Roads, less to Help the Aged, less to Help the Poor and less on all the other services that huge Leviathan does to help Americans.

We are exceptional and we are self-sufficient. We don’t need help. As Pink Floyd sang, “We don’t need no education.”

Rodger Malcolm Mitchell
Monetary Sovereignty

===================================================================================
Ten Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Federally funded Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
3. Provide an Economic Bonus to every man, woman and child in America, and/or every state a per capita Economic Bonus. (Click here) Or institute a reverse income tax.
4. Free education (including post-grad) for everyone. Click here
5. Salary for attending school (Click here)
6. Eliminate corporate taxes (Click here)
7. Increase the standard income tax deduction annually
8. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (Click here)
9. Federal ownership of all banks (Click here and here)

10. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)

The Ten Steps will add dollars to the economy, stimulate the economy, and narrow the income/wealth/power Gap between the rich and the rest.
——————————————————————————————————————————————

10 Steps to Economic Misery: (Click here:)
1. Maintain or increase the FICA tax..
2. Spread the myth Social Security, Medicare and the U.S. government are insolvent.
3. Cut federal employment in the military, post office, other federal agencies.
4. Broaden the income tax base so more lower income people will pay.
5. Cut financial assistance to the states.
6. Spread the myth federal taxes pay for federal spending.
7. Allow banks to trade for their own accounts; save them when their investments go sour.
8. Never prosecute any banker for criminal activity.
9. Nominate arch conservatives to the Supreme Court.
10. Reduce the federal deficit and debt

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:
1. Federal Deficits – Net Imports = Net Private Savings
2. Gross Domestic Product = Federal Spending + Private Investment and Consumption – Net Imports

THE RECESSION CLOCK
Monetary Sovereignty

Monetary Sovereignty

Vertical gray bars mark recessions.

As the federal deficit growth lines drop, we approach recession, which will be cured only when the growth lines rise. Increasing federal deficit growth (aka “stimulus”) is necessary for long-term economic growth.

#MONETARYSOVEREIGNTY

–GREAT NEWS! The deficit is down. Uh . . . wait a minute! Wednesday, Oct 15 2014 

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

Mitchell’s laws:
Liberals think the purpose of government is to protect the poor and powerless from the rich and powerful. Conservatives think the purpose of government is to protect the rich and powerful from the poor and powerless.

●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 ultimately 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.
●Everything in economics devolves to motive,
and the motive is the gap.
==================================================================================================================================================================

Here is some GREAT NEWS!:

U.S. budget deficit lowest since 2008: Treasury
BY DAVID LAWDER

(Reuters) – The U.S. budget deficit fell by nearly a third to $483 billion in fiscal 2014, the lowest level since 2008, as a quickening economic recovery boosted tax collections and spending grew only modestly, the Treasury Department said.

Here’s a graph of that GREAT NEWS:

monetary sovereignty

The vertical gray bars represent recessions. Question: What happens in advance of recessions?

The deficit was the lowest since a $459 billion budget gap in fiscal 2008, which was followed by four straight years of $1 trillion-plus deficits in the wake of the financial crisis.

Question: What happens during recessions that cures recessions and re-grows the economy?

U.S. Treasury Secretary Jack Lew and White House Budget Director Shaun Donovan hailed the data on Wednesday as a “return to fiscal normalcy.”

Lew told a news conference the United States was now in a period of fiscal sustainability that is providing a strong foundation for growth.

Translation: “Fiscal sustainability” means the federal government now will be able to create enough dollars to pay its bills — as opposed to the fact that being Monetarily Sovereign, the government never can run short of its own sovereign currency, the dollar, to pay its bills. See the difference?

“What I don’t think we have is an emergency right now,” Lew said. “The challenge we have is to sustain the economic engine so that we’re seeing the growth now and over these next 10 years.”

The improving fiscal picture has sapped the urgency for a major budget deal between Congress and the White House aimed at slashing deficits by trillions of dollars over the next decade and starting to reduce the $17.8 trillion federal debt.

Translation: The challenge is to sustain the economic engine by reducing the fuel for the economic engine. Yes, it’s a real challenge.

Lew insisted he has not given up on further deficit reduction, but said budget savings could not come at the expense of economic growth.

Translation: He will continue to cut the baby’s formula, but not at the expense of the baby gaining weight. Understand?

Donovan told Reuters on Tuesday he wanted to further reduce those budget cuts next year and would be willing to consider some savings to mandatory spending programs to reach a deal with Republicans, who control the U.S. House of Representatives.

Translation: We’ll have to cut (gut) Social Security and Medicare benefits to please the Republicans and their (and our) rich donors, who want to widen the Gap between the rich and the rest.

Fiscal 2014 revenues grew 9 percent to $3.02 trillion, boosted by a jump in individual and corporate tax receipts and a 31 percent rise in Federal Reserve earnings, mostly from the central bank’s massive bond portfolio.

Translation: The poor and middle class have suffered tax increases and benefit decreases. As everyone knows, this helps grow the economy.

As for those earnings by the Fed, they come from interest that would have gone into the private sector, i.e the economy.

Outlays grew just 1 percent to $3.50 trillion.

Translation: The amount of money we pumped into the economy grew only 1%.

Receipts last month grew 17 percent to $352 billion while outlays were up 9 percent to $246 billion.

Translation: We took more money out of the economy than we put in. That’s how we grow the economy. It’s complicated, so trust me.

“A nearly $500 billion deficit is nothing to celebrate,” said a spokesman for House Budget Committee Chairman Paul Ryan, a Republican who has been touted as a possible 2016 presidential candidate. “And CBO still projects that, in the coming years, the deficit will rise even higher to unsustainable heights.”

As regular readers of this blog know, you are being treated to a government con job, courtesy of the rich. They want deficits to be reduced, then reduced more, then reduced again, because reducing deficits widens the income/wealth/power gap between the rich and the rest.

The politicians are owned by the rich, and will say and do exactly as the rich tell them to say and do.

They count on us not understanding the difference between federal financing and personal financing. They want us to believe that in some unknown way, the U.S. federal government — the creator of U.S. dollars — can run short of U.S. dollars.

Yes, it’s GREAT NEWS — if you’re among the wealthiest .1% of Americans.

If you enjoyed the last recession, you positively will love the next one.

Rodger Malcolm Mitchell
Monetary Sovereignty

===================================================================================
Ten Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Federally funded Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
3. Provide an Economic Bonus to every man, woman and child in America, and/or every state a per capita Economic Bonus. (Click here) Or institute a reverse income tax.
4. Free education (including post-grad) for everyone. Click here
5. Salary for attending school (Click here)
6. Eliminate corporate taxes (Click here)
7. Increase the standard income tax deduction annually
8. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (Click here)
9. Federal ownership of all banks (Click here and here)

10. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)

The Ten Steps will add dollars to the economy, stimulate the economy, and narrow the income/wealth/power Gap between the rich and the rest.
——————————————————————————————————————————————

10 Steps to Economic Misery: (Click here:)
1. Maintain or increase the FICA tax..
2. Spread the myth Social Security, Medicare and the U.S. government are insolvent.
3. Cut federal employment in the military, post office, other federal agencies.
4. Broaden the income tax base so more lower income people will pay.
5. Cut financial assistance to the states.
6. Spread the myth federal taxes pay for federal spending.
7. Allow banks to trade for their own accounts; save them when their investments go sour.
8. Never prosecute any banker for criminal activity.
9. Nominate arch conservatives to the Supreme Court.
10. Reduce the federal deficit and debt

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:
1. Federal Deficits – Net Imports = Net Private Savings
2. Gross Domestic Product = Federal Spending + Private Investment and Consumption – Net Imports

THE RECESSION CLOCK
Monetary Sovereignty

Monetary Sovereignty

Vertical gray bars mark recessions.

As the federal deficit growth lines drop, we approach recession, which will be cured only when the growth lines rise. Increasing federal deficit growth (aka “stimulus”) is necessary for long-term economic growth.

#MONETARYSOVEREIGNTY

–How smart are you citizens of Kentucky? Here’s a test for your spleen. Wednesday, Oct 15 2014 

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

Mitchell’s laws:
Liberals think the purpose of government is to protect the poor and powerless from the rich and powerful. Conservatives think the purpose of government is to protect the rich and powerful from the poor and powerless.

●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 ultimately 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.
●Everything in economics devolves to motive,
and the motive is the gap.
============================================================================================================================================================================================

How smart are you citizens of Kentucky? Here’s a test for your spleen.

Los Angeles Times
Michael Hiltzik

Senate Minority Leader Mitch McConnell (R-Ky.), who is facing a stiff reelection challenge this year, has stuck to his stated determination to repeal the Affordable Care Act if his party takes control of the Senate in the next election.

This is a curious and delicate position for McConnell to hold, because his home state is one of the shining beacons of the ACA’s rollout. The Kentucky health insurance exchange, Kynect, is enormously popular among Kentuckians. Some 527,000 residents have signed up for qualified health plans or Medicaid, which the state expanded.

Much of the credit belongs to Democratic Gov. Steve Beshear, so don’t expect much acknowledgment from McConnell. Still, the extent to which McConnell twisted facts and figures on the ACA during his debate Monday with challenger Alison Lundergan Grimes amazed knowledgeable observers, perhaps none more than Charles Gaba, proprietor of the indispensable ACASignups website.

So Gaba sat down to fact-check every misstatement. He identified 13 uttered during about a five-minute discussion of the ACA, plus about 14 “questionable/confusing statements by either him or the moderator.”

Many of the misstatements — heck, call them lies, as Gaba does — are part of discredited Republican attacks on the ACA going back years; what’s shocking is that McConnell is still hauling them out.

–McConnell dismissed Kynect as (just) “a website.” It’s not; it’s a full-featured exchange that has delivered coverage to more than a half-million Kentuckians.

–McConnell denied Grimes’ assertion that Kynect had served more than 500,000 residents. Gaba assumes he’s subtracting the residents who obtained Medicaid coverage through Kynect. Gaba: “People on Medicaid apparently don’t count as human beings.”

–McConnell claimed the Congressional Budget Office “estimates 2.5 million jobs would be lost” because of the ACA. This is a lie. As Gaba points out, the CBO said the law would allow up to 2.5 million workers to leave their jobs or retire. This is because it eliminates “job lock,” which tied workers to otherwise unwanted jobs because that was the only way they could get health insurance.

–People are “paying more for less” and hospitals are facing more “uncompensated care.” Misleading and wrong on both counts. The rate of premium increase for 2015 under the ACA is averaging 6%, and in many states much less — compared with average increases in the individual market of 10% a year before the ACA. And the new rates are almost always for better coverage. Hospital uncompensated care costs will be $5.7 billion less this year than they would have been without the ACA, a 16% drop from last year.

–McConnell: “They don’t want to tell you” how many people got insurance via Kynect after having their old policies canceled. He’s implying, of course, that most Kynect enrollees already had insurance. He’s wrong: Seventy-five percent of all Kynect enrollees were previously uninsured.

McConnell’s performance demonstrates nothing but pure partisan cynicism. He’s the senior U.S. senator from a state whose experience with Obamacare has been an unalloyed positive, benefiting more than a half-million constituents.

Yet he’s campaigning to cut them off, dooming many of them to a return to a condition in which health insurance could be denied, cut off or pitched beyond their capacity to pay, all at the whim of the insurance industry.

The people of Kentucky, being intelligent, will to see through McConnell’s obvious lies, and send this career politician to the retirement he so richly deserves. Right?

Democratic ads off the air in Kentucky Senate race

FLORENCE, Ky. (AP) — The Democratic Senatorial Campaign Committee has stopped running TV ads in Kentucky’s U.S. Senate race, a severe blow to Alison Lundergan Grimes in her challenge to Republican leader Mitch McConnell.

The committee’s decision in Kentucky was in strong contrast to its activities in other states with pivotal Senate races. Democrats continued to spend freely in Iowa, Georgia, North Carolina and several other states as they tried to blunt a Republican drive to gain a Senate majority in midterm elections.

Grimes was heavily recruited by Democrats to challenge McConnell, but her support eroded in recent polls under the weight of attacks by McConnell and his allies. While McConnell has been plagued by low approval ratings, he has sought to turn the election into a referendum on President Barack Obama, who is even more unpopular in the state.

Grimes’ campaign has been outspent by McConnell and his network of super PACs by tens of millions of dollars.

The Democratic Party ads went off the air as scheduled after Monday, at the end of a two-week period. At the same time, the Kentucky Opportunity Coalition, the super PAC supporting McConnell, launched yet another $1.2 million TV ad buy on Tuesday that again connects Grimes to Obama.

The choice is this, for you Kentuckians: If you really, really hate President Obama, you can vent your spleen by voting for McConnell. Of course, you will lose your ACA, with no plausible alternative being proposed.

And no matter for whom you vote, you will lose Obama, who will be out of office in two years.

Bottom line question: Would you rather that your spleen be vented, or would you prefer your spleen to have good health care?

It will be interesting to see the results of this test.

Rodger Malcolm Mitchell
Monetary Sovereignty

===================================================================================
Ten Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Federally funded Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
3. Provide an Economic Bonus to every man, woman and child in America, and/or every state a per capita Economic Bonus. (Click here) Or institute a reverse income tax.
4. Free education (including post-grad) for everyone. Click here
5. Salary for attending school (Click here)
6. Eliminate corporate taxes (Click here)
7. Increase the standard income tax deduction annually
8. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (Click here)
9. Federal ownership of all banks (Click here and here)

10. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)

The Ten Steps will add dollars to the economy, stimulate the economy, and narrow the income/wealth/power Gap between the rich and the rest.
——————————————————————————————————————————————

10 Steps to Economic Misery: (Click here:)
1. Maintain or increase the FICA tax..
2. Spread the myth Social Security, Medicare and the U.S. government are insolvent.
3. Cut federal employment in the military, post office, other federal agencies.
4. Broaden the income tax base so more lower income people will pay.
5. Cut financial assistance to the states.
6. Spread the myth federal taxes pay for federal spending.
7. Allow banks to trade for their own accounts; save them when their investments go sour.
8. Never prosecute any banker for criminal activity.
9. Nominate arch conservatives to the Supreme Court.
10. Reduce the federal deficit and debt

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:
1. Federal Deficits – Net Imports = Net Private Savings
2. Gross Domestic Product = Federal Spending + Private Investment and Consumption – Net Imports

THE RECESSION CLOCK
Monetary Sovereignty

Monetary Sovereignty

Vertical gray bars mark recessions.

As the federal deficit growth lines drop, we approach recession, which will be cured only when the growth lines rise. Increasing federal deficit growth (aka “stimulus”) is necessary for long-term economic growth.

#MONETARYSOVEREIGNTY

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