●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.
●Everything in economics devolves to motive.
President Barack Obama (Democrat) said to disaster victims, “You face a long road ahead, but you will not travel it alone. Your country will travel it with you.”
Apparently, a Republican senator from Oklahoma doesn’t feel as compassionate:
Oklahoma Senator Demands Spending Cuts In Exchange For Disaster Relief
May 21st, 2013 Henry Decker
Just hours after the storm hit, Senator Tom Coburn(R) told CQ Roll Call that he would not support providing disaster aid to his own constituents unless it is offset by other federal spending cuts.
Translation: “Until we cut spending elsewhere, the people of Oklahoma will simply have to suffer. Serves them right for voting for me. Hey, my house is O.K.”
“It is crass for critics to play disaster aid politics when first responders are pulling victims from the rubble,” the statement reads, ignoring the fact that Coburn himself barely waited before announcing his preemptive opposition to the still-undefined aid package.
The vast majority of victims are poor and middle class. But, Coburn is bribed by the upper 1% income group to widen the gap between the rich and the rest.
For Republicans, this is not an extreme position. They consistently have opposed all spending that would benefit the lower 99%, being far more concerned about a non-existent “debt problem” than about the real problems of real people.
There was a time when the Republicans had a morality. But, in the past 10 years, money-mad, power-mad, people-hating politicians have take over the party. They have convinced their followers that the compassionate are weak, while to be righteous, one must be cruel.
So these followers, most of whom are part of the 99%, obediently embrace the self-destructive, “widen-the-gap” views taught to them by the rich. Now, as Oklahomans sadly are learning, the mad dog returns to eat its keeper..
Yes, I know. The Democrats obey the 1%, too. But the Republicans have become far worse, so extreme in their anti-people views as to be Nazi.
Oklahomans. You voted Republican; you got Republican.
Ah, the irony.
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. Click here
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%
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