Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell
●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.
If a child falls down a well, a liberal would seek help, search for a ladder or lower a rope — find some means to help the child get out.
A conservative would leave him down there as a message to other children to stay away from wells.
Thus we have the two views of dealing with those in difficult situations.
I was reminded of this, because of an editorial in the normally right-wing Chicago Tribune:
Let them eat … nothing
In a cruel move, cities ban feeding the homeless
Los Angeles, Philadelphia, Orlando, Dallas and dozens of other cities have cracked down on their homeless populations by regulating soup kitchens, ticketing panhandlers and imposing bans on sleeping in public areas.
Homeless advocates say the policies reflect a nationwide culture change. “There’s a shift away from feeling compassion for people struggling with their lives to vilifying people struggling with their lives,” says Nonie Brennan, CEO of the Emergency Fund, a nonprofit that helps Chicago-area families in crisis.
In most cities that introduce stringent policies, residents pushed back.
Even the Tribune has come to realize that at our core and in our history, Americans have proved to be empathetic and generous. We were the “open arms” nation.
We not only have felt sorry for the unfortunate, but we actively have helped them, recognizing “There, but for the grace of God, go I.”
But, lately, the so-called “religious” (some religion, huh?) right has reared its ugly head, and preaches punishment is the best tool for dealing with misfortune.
The rich especially, like to believe they are self-made, and luck has had nothing to do with it.
They claim they are rich because they deserve to be rich, and the poor are poor because they deserve to be poor. So punishing the poor is the right approach. They deserve it.
The Punishment Party also has left its dirty fingerprints on this article in the right-wing Washington Post:
Nearly two-thirds of unaccompanied illegal immigrant children requesting asylum this year have had their initial applications approved. Data suggests those kids surging across the border who ask to stay will likely be able to gain admission to the U.S.
That figure doesn’t include the others who never apply for asylum and try to disappear into the shadows, or who spend years in the country awaiting court dates.
“President Obama’s refusal to crack down on rampant asylum fraud is one of the many reasons we are witnessing a surge of Central Americans seeking to enter the U.S. illegally at the border,” said Rep. Robert Goodlatte, Virginia Republican and chairman of the Judiciary Committee.
Republicans say if the U.S. could show that illegal immigrants will be turned back at the border or quickly deported, fewer will attempt the journey. But gaining asylum is a legal entry into the U.S., and is likely to reinforce the smugglers’ message.
President Obama’s record-breaking deportations are not sufficient for the conservatives. They call it a “refusal to crack down.” Apparently whipping the poor is not cruel enough if it isn’t done with barbed wire.
According to the Republicans, the best way to deal with the humanitarian crisis of poor children fleeing dangerous lands, to cross dangerous territory, trying to find freedom in America — the best way to deal with that is not to provide the funds and manpower to care for these children.
No, according to the right wing, Punishment Party, the best way to deal with misfortune is to deport those innocent children back to the misery and murder from which they hoped to escape. That’ll teach ‘em!
By the way, did I just see a conservative out there, waving the American flag, while holding a bible, and turning back a bus filled with impoverished children?
He must be very patriotic and very religious.
Rodger Malcolm Mitchell
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. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)
9. Federal ownership of all banks (Click here)
10. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (Click here)
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
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.