–How stupid do they think we are? Your children’s future with Social Security and Medicare Wednesday, Apr 15 2015 

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

Mitchell’s laws:
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●The more federal budgets are cut and taxes increased, the weaker an economy becomes. .
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.
●Austerity is the government’s method for widening
the gap between rich and poor.
●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.
●Everything in economics devolves to motive,
and the motive is the Gap.
==================================================================================================================================================================

How stupid do they think we are? For those of us who are not super-rich, the (the politicians) must think we are very stupid, because they keep telling us the same Big Lie, and we keep falling for it.

Even if you learn nothing more about economics for the rest of your life, learn this seven word secret, and you will know more than 99% of Americans:

Federal taxes do not fund federal spending.

That’s right. Your city taxes fund your city’s spending. Your county taxes fund your county’s spending. Your state taxes fund your state’s spending, but:

Federal taxes do not fund federal spending.

Even were all federal tax collections to drop to $0, the federal government could continue paying all its bills, forever.

The federal government is unique in that it alone is Monetarily Sovereign. It is sovereign over the dollar. It originally created the dollar from thin air, and continues to create dollars from thin air.

Cities, counties, states, businesses, you and I all can run short of dollars. We are monetarily non-sovereign. The federal government never can run short of dollars, if it doesn’t want to.

In fact, it creates dollars, ad hoc, simply by paying its bills.

You now know more than 99% of Americans, and much more than the politicians want you to know.

Why do politicians want to keep this secret? They are bribed by the super-rich, via campaign contributions and promises of lucrative employment later.

And why don’t the super-rich want you to know this secret? Because so long as you believe federal taxes pay for federal spending, the rich can convince you there isn’t enough money to pay for your Social Security, Medicare, Medicaid and all other benefits the middle- and lower income groups receive.

The super-rich want to widen the Gap between them and you, so they can retain and increase their power over you.

Here is an example of the Big Lie by the bought-and-paid-for politicians.

Christie calls for raising ages for Social Security, Medicare

In major policy speech, Christie calls for ‘honest conversation’ on entitlements
Apr 14, 2015

The New Jersey governor, in a speech at the New Hampshire Institute of Politics at Saint Anselm College, called for means testing Social Security, raising the retirement age for Social Security to 69 and gradually raising the eligibility age for Medicare to 67 by the year 2040.

Means testing and raising the retirement and eligibility ages reduce benefits to upper middle, middle and lower-income people, all of whom rely on these benefits.

As for the rich: They don’t care. These benefits mean nothing to them. While, for instance, Social Security benefits might account for 25% of a middle-income person’s livelihood, such benefits may not even account for 1% of a super rich person’s income.

Thus, every single one of Chris Christie’s proposals widens the Gap between the rich and the rest. But, he believes we’re not smart enough to understand this. He expects us to think federal financing is like personal financing, which is what makes us believe the Big Lie.

The Republican likely future presidential candidate said another key part of the sweeping proposal would change the Medicaid system to “per capita” allotments to each state.

Overall, he said, the plan would save the federal government $1 trillion over 10 years.

Christie doesn’t explain two things:

1. The federal government neither needs nor uses “savings.” Being Monetarily Sovereign, it creates all the dollars it needs.

2. Federal deficit spending adds dollars to the economy, and federal surpluses subtract dollars from the economy. When the federal government spends less (i.e. “saves”), the economy receives less — and that leads to recessions. (See “The Recession Clock at the bottom of this page).

Christie said, “Our leaders in Washington are not telling people the truth,” he said. “Washington is still not dealing with the problem. Washington is afraid to have an honest conversation about Social Security, Medicare and Medicaid with the people of our country. I am not.”

Tom Rath, a veteran Concord Republican strategist who is uncommitted in the GOP primary, said that while other candidates have been making political announcements in recent days and weeks, Christie’s focus on a specific issue with a specific plan “stands out.”

The Concord Coalition is one of the many mouthpieces for the rich. They are paid by the rich to make the false claim that in some unknown way, the federal government can run short of the dollars it creates as needed. The purpose: To cut your Social Security, Medicare, Medicaid and other benefits.

“When it’s 71 percent of the federal budget, you’d better have some ideas and some answers about it and you can’t be timid about it,” he said. “If this stuff wasn’t true, why would I say it?”

Well, for one thing, you’ve been bribed to say it, Governor Christie, and it’s not like you don’t have a record of lying to the public.

There’s no political upside to wading into Social Security and Medicare. But you have to do it because if you don’t you’re not going to have the money to spend on national defense. You’re not going to have the money to invest in research and development and you’re not going to have the money to bring tax relief to the American people.

The upside is, the more you lie, the more the rich will pay you. And note the bold-faced lie that the federal government can run short of dollars if it pays Social Security and Medicare benefits.

Christie, who is in a legal battle in his home state over his attempts to cut state funding to public worker pension and health benefits to help balance his state’s budget, touched on that controversy, too. He said his reforms in his home state will “reduce the burden on taxpayers by over $120 billion over 30 years.”

Right. His state, New Jersey, is monetarily non-sovereign. Like all states, it can and has, run short of dollars. Christie wants you to believe the Big Lie that state finances are like federal finances.

The speech on entitlement reform, however, was billed as the centerpiece of his visit.

“In the short term,” he said, the massive cost of entitlements “is growing the deficit and slowly but surely taking over all of government. In the long term, it will steal our children’s future and bankrupt our nation. “

No, what will steal our children’s future is the loss of Social Security, Medicare, Medicaid and other benefits from the federal government. Christie doesn’t want your children and grandchildren collecting benefits.

Christie proposed a “modest means test that only affects those with non-Social Security income of over $80,000 per year, and phases out Social Security payments entirely for those that have $200,000-a-year of other income.”

Translation: He wants to cut Social Security benefits to the people who will need it. The super-rich don’t care. They don’t need Social Security.

In addition to raising the retirement age to 69, he would raise eligibility for early retirement benefits to 64.

It’s bad enough that, uniquely among insurance policies, Social Security benefits are taxed. Now, he wants to raise the retirement age so as to punish even the lowest income groups.

Christie also proposed expanding existing premium means testing for Medicare to ensure, he said, that only those who cannot afford to pay for their own health benefits will receive it.

Christie noted that under current Medicare means testing, there is a sliding scale of costs paid by seniors for part B and part D, from 25 percent for those with incomes above $85,000 to 80 percent for those with incomes of more than $214,000.

He would change the scale to have seniors at the $85,000 level pay 40 percent of premium costs and those with incomes of at least $196,000 pay 90 percent.

Cut, cut, cut. Make life harder for the middle and the aged, so the Gap can be widened.

He also called for raising the eligibility age for Medicare “at a manageable pace” of one month per year, so that by 2040, it would be 67 years old, and by 2064, it would be 69 years old.

This is the “make the middle-class work until they drop” philosophy of the super-rich. Make people poorer and so desperate they will beg the rich for any low-paying job. This is the way the rich re-install slavery in America.

But he would also eliminate the payroll tax for seniors who stay in the workforce over the age of 62.

Each state would receive a “set amount of funds per individual enrollee.”

Translation: He would like to transfer some of the Social Security costs from the federal government — which being Monetarily Sovereign, can afford anything — to the states which are broke.

Christie also addressed the Social Security disability trust fund, which, he said, will run out of money next year without action by congress.

Since the “trust fund” is an accounting fiction, all Congress needs to do is vote to support Social Security disability in perpetuity.

“I believe we should use this moment to reform the system and incentivize getting back to work,” he said.

Ah, there is the cruel myth,“The poor don’t like to work. They are lazy. We need to punish them if they don’t work into old age.”

He said the reforms will allow the federal government to invest in other areas, including defense.

Again, the Big Lie that the federal government is like you and me, and can run short of dollars. It can’t.

Christie’s plan was sharply criticized by the National Committee to Preserve Social Security and Medicare, a leading advocacy group for the programs, as another in a “long line of conservative politicians” who want to dismantle the programs.

“The Governor’s plan to means-test Social Security, cutting off some Americans and transitioning the program from an earned benefit to welfare has long been the goal of those who oppose social insurance programs,” the group said in a statement. “It seems the governor acknowledges that his flagging presidential campaign needed a jolt because today’s speech was far more about burnishing Governor Christie’s conservative credentials than offering new proposals that could help America’s workers and retirees.”

Conservatives despise the poor and middle-income groups as being lazy “takers.” What conservatives seldom realize: By punishing the poor and middle, eventually their own children and grandchildren and the nation as a whole, will be punished.

Christie said he will soon unveil a plan to replace the Affordable Care Act, which, he said, “does not and cannot work for America.”

“Does not work and cannot work,” except for the additional millions who now have medical insurance.

The right wing has established its lower- and middle-hating credentials. (Remember Bush’s attempt to privatize Social Security?) But lest you believe the right-wing is alone in telling the Big Lie, here is a note recently received from Democrat Sen. Dick Durbin.

The Social Security system is currently generating a surplus in tax revenues and interest income, and is expected to maintain this surplus through 2020.

However, Social Security’s costs will continue to grow in the coming years as millions of baby boomers enter retirement. Expenditures eventually will exceed revenues and interest income.

The long-term funding shortfall is attributed primarily to demographic factors, such as increasing life expectancy, as well as program design features, like annual COLAs and a wage-indexed benefit formula.

While reforms are necessary to ensure the survivial of Social Security, we must pursue sensible changes instead of a risky overhaul of the program.

There is no “long-term funding shortfall.” The federal government cannot have a “shortfall” of dollars.

In summary:
1. The federal government does not use tax dollars to pay for its spending. Even if federal taxes were $0, the government could continue spending, forever. (Tax collections are a relic of gold-standard days, when the government’s dollar-creation was limited.)
2. The super-rich pay the politicians to lie about the need to cut benefits. The purpose is to widen the Gap between the rich and the rest.

Now that you know then facts, contact your Senator and Representative and ask him/her, “How stupid do you think I am?”

Rodger Malcolm Mitchell
Monetary Sovereignty

===================================================================================
The 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. Federally funded, 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. (Refer to this.)
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)

Initiating The Ten Steps sequentially 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.
1. A growing economy requires a growing supply of dollars (GDP=Federal Spending + Non-federal Spending + Net Exports)
2. All deficit spending grows the supply of dollars
3. The limit to federal deficit spending is an inflation that cannot be cured with interest rate control.
4. The limit to non-federal deficit spending is the ability to borrow.

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

–Why compulsory education? Why educate at all? Why not college? Thursday, Apr 2 2015 

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

Mitchell’s laws:
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●The more federal budgets are cut and taxes increased, the weaker an economy becomes. .
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.
●Austerity is the government’s method for widening
the gap between rich and poor.
●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.
●Everything in economics devolves to motive,
and the motive is the Gap.
==================================================================================================================================================================

Why do we require our children to be educated? Why do we send them off to approximately 12 years of schooling, most of which is paid for by a local government (i.e. by local taxpayers)?

What is the purpose? Why not just have the kids go to work and earn a living rather than spending valuable years in classrooms?

By 1900, 34 states had compulsory schooling laws. 30 states with compulsory schooling laws required attendance until age 14 (or higher). As a result, by 1910, 72 percent of American children attended school.

Even more than 100 years ago, when science and industry were much simpler than today, Americans understood that a successfully competitive nation required educated people.

It was, and remains, to the entire nation’s benefit, that it educate all its youngsters, not just the rich children, but all children.

So, America decided that local taxpayers, not the federal government, would pay for education, up through the 12th grade.

And there it has remained.

As all the sciences have required ever more specialization and education, America still is committed to educating just through 12th grade.

And even as the U.S. federal government has become Monetarily Sovereign, and thus able to pay any bill of any amount, without collecting taxes, still the onus is on the monetarily non-sovereign state and local governments to pay for education.

Why?

Consider the case of monetarily non-sovereign Germany, a nation that like our state and local governments, does not have the unlimited ability to create its sovereign currency (it having no sovereign currency, but rather using the euro):

There Is No Such Thing As A Free College Education
By: Christopher Denhart

Following Wednesday’s decision to overturn tuition and fees in Lower Saxony, Germany, all universities will now be tuition free. According to The Times, Germany will now be 100% free of charge to students, national and international, as political figures call tuition fees “socially unjust.”

Of course, college tuition fees are “socially unjust.” Even a fool realizes that charging for education leads to a widening of the Gap between the rich and the rest.

Even a fool realizes that education is as important as medical services, and should not be reserved for those who can afford it.

Of course, not everyone agrees

There Is No Such Thing As A Free Lunch. And there is also No Such Thing As A Free Higher Education. Higher education, especially in science-heavy Germany, is incredibly costly to run and maintain.

In a typical economic model for financing higher education, the consumer (student) would pay for the good that it consumes (education) and the research that researchers do would lead to innovations that have positive economic impact on society, therefore paying for themselves.

We have departed from this free market, “sustainable,” model globally, and rely heavily on federal subsidies to keep universities afloat.

CCAP has argued that these federal monies have largely led to increases in the cost of higher education, which has over time compounded, translating into higher tuition fees.

Remember that Germany is monetarily non-sovereign, just like our state and local governments, so taxpayers do indeed, pay for all government spending. So concern for budgets is understandable.

It is clear in the United States, with annual tuition fees in the $40,000s or $50,000s and millionaire university presidents, that federal subsidies have led to outrageous increases in university spending, as universities, administrators, and faculty enjoy the benefits of captured student loan and grant moneys.

Sooner or later this “free” higher education will feel less and less free as increasing taxes will likely drive the most educated, highest earning, most able Germans away from Germany and into societies where they can take home a greater percentage of their pay.

This will then reduce the tax cache and start to decrease the deficit more than the added tax revenues from a more professional society will add to them.

The author, Christopher Denhart, who though clearly not understanding Monetary Sovereignty, makes this point: In a monetarily non-sovereign community, social services — health care, poverty aids, road building, indeed all government initiatives — are unfair to the taxpayers who don’t use them.

If your city pays for elementary school, the point could be made that such payment is unfair to you, a taxpayer who has no children in elementary school.

Never mind that educating children rewards the nation that educates them. The rewards to any individual city are hard to measure. Sure, good schools increase property values, but by how much? And is a higher property value a benefit if it comes with a higher property tax?

What is the U.S. government’s solution to the unaffordable cost of college? STUDENT LOANS — you know those rare loans that cannot even be discharged in bankruptcy (because that’s not what the big lending banks want).

That is our solution: Put middle- and lower-income families deeply into an unsustainable debt, from which they never can emerge. Conservatives love it.

As the rich folk say, “Let them go to community colleges (paid for by the monetarily non-sovereign states), if that’s all they can afford. Our kids will go to the best universities. That is exactly the way the world should work.”

Activists Stop Paying Their Student Loans
MARCH 31, 2015

Latonya Suggs says she borrowed thousands of dollars in student loans to attend the for-profit Corinthian Colleges but has nothing to show for it. Most employers don’t recognize her criminal justice degree.

Suggs and 106 other borrowers now saddled with Corinthian loan debt say their refusal to repay the loans is a form of political protest. And Tuesday, the U.S. government gave them an audience.

Representatives of the “Corinthian 100″ met with officials from the Department of Education and the Consumer Financial Protection Bureau. Rohit Chopra, the CFPB’s student loan ombudsman, said in a letter to the strikers that the CFPB would like to “discuss further” potential “ways to address the burden of their student loans.”

In September, the CFPB sued Corinthian, accusing it of predatory lending practices. Weeks later, roughly half of its campuses were sold to the Educational Credit Management Corp., a financial company with no prior experience operating colleges.

Finally, in February, the CFPB and the Department of Education announced the forgiveness of $480 million in private student loans held by former Corinthian students.

But those are just the private loans. Borrowers are still on the hook for hundreds of millions of dollars in federal student loans — money that the Department of Education expects to be paid back.

That’s true even for students who never earned their degrees, on campuses that are being shut down.

Refusing to pay back a student loan can have serious consequences. Wages and tax refunds can be garnisheed. It can also sink a credit score; limit access to a credit card, auto or home loan; and hurt your chances of getting a job.

Yes, that is our Monetarily Sovereign government’s solution to unaffordable education: Indentured servitude courtesy of rapacious lenders — the student loan scandal.

Or, the federal government simply could pay for a college education, far more easily than state and local governments pay for grades K-12.

Lending money to students and their parents is ridiculous, particularly since the federal government has zero need to receive dollars — its sovereign currency — from anyone. Why send people to loan sharks when dollars are freely available to the federal government?

There is one, and only one, purpose for college student loans — and its not to make college more affordable.

The sole purpose of our student loan program is to benefit rich lenders by enslaving families of modest means — luring them with something they know they need but cannot afford.

In this sense, the federal government is no better than the street corner drug dealer, sucking victims into a life that will lead to their destruction.

The solution: Follow Step #4 in the “Ten Steps to Prosperity,” below.

Do it now!

Rodger Malcolm Mitchell
Monetary Sovereignty

===================================================================================
The 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. Federally funded, 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. (Refer to this.)
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)

Initiating The Ten Steps sequentially 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.
1. A growing economy requires a growing supply of dollars (GDP=Federal Spending + Non-federal Spending + Net Exports)
2. All deficit spending grows the supply of dollars
3. The limit to federal deficit spending is an inflation that cannot be cured with interest rate control.
4. The limit to non-federal deficit spending is the ability to borrow.

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

–What could be worse than this Congressional bitter disagreement ? Wednesday, Mar 25 2015 

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

Mitchell’s laws:
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●The more federal budgets are cut and taxes increased, the weaker an economy becomes. .
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.
●Austerity is the government’s method for widening
the gap between rich and poor.
●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.
●Everything in economics devolves to motive,
and the motive is the Gap.
==================================================================================================================================================================

Answer: This Congressional joyful, bipartisan smooching.

When the crocodiles smile, you, the public, are being eaten.

House Expected To Pass Major Boehner-Pelosi Deal To Reshape Medicare

An ambitious agreement by Speaker John Boehner and Minority Leader Nancy Pelosi to fix a major funding gap in Medicare and make some separate long-term cuts appears in good shape to pass the House.

monetary sovereignty

REDUCING COVERAGE FOR NO REASON. SEE HOW HAPPY THEY ARE.

“It is all shaping up very well on both sides,” said Kevin Smith, a spokesman for Boehner.

At a cost of roughly $210 billion, the bill replaces the “sustainable growth rate” formula to instead give doctors gradual raises while extending the Children’s Health Insurance Program for two years starting in October.

It includes $70 billion in offsets by making two structural changes to cut Medicare spending: force high-income seniors to kick in more for their care and reduce spending on supplemental Medigap plans, specifically “first dollar” coverage.

These “offsets” are based on three lies:

1. FICA funds Medicare benefits (It doesn’t.)
2. The federal government is too broke to pay for Medicare. (It isn’t.)
3. By contrast, you have too much money so you can afford to pay more. (You don’t.)

Our readers, who understand Monetary Sovereignty, know that FICA does not fund Medicare.

Just to be clear: FEDERAL TAXES DO NOT FUND FEDERAL SPENDING. Period.

Even if all federal taxes fell to $0, the government could continue to pay all its bills — including Medicare for every man, woman and child in America — forever.

So why does the government charge you FICA, and why will the government cut Medicare benefits further? Because FICA is the most regressive tax in America, punishing the middle- and lower-income groups far more than the rich. This helps widen the Gap between the rich and the rest, the single most important goal of the rich.

Why do both parties wish to help the rich increase the Gap? Because both parties are bribed via campaign contributions, plus promises of lucrative employment, later. (Thank you, right-wing Supreme Court.)

The rest of the legislation is not paid for, which could be a deal-breaker for hardline conservatives in the House and Senate.

Translation: Hard line conservatives are not satisfied with just draining your blood. They want to cut out your flesh and bones, too.

Progressives don’t love the Medicare cuts but many Democrats are willing to accept them because they don’t touch core benefits for middle-class Americans.

Translation: We Democrats pretend to be your friends, but all we want is your vote. We plan to go along with the Republicans every year, to slice bits off Medicare, because as they told you, “Medicare is broke.” The Republicans give us cover. Aren’t we clever?

So long as you’re stupid enough to vote for us, we’ll just keep slicing those benefits — increase the age, reduce the payments — soon we’ll tax benefits, like we do with Social Security.

The rich won’t care. Medical costs are a minuscule part of their income, but a big part of yours.

Senate Republicans are eager to get rid of the “doc fix” problem, and the long-term Medicare cuts in the House package are an enticement for them.

Translation: The doctors have a powerful lobby, and they contribute lots of money to us. What’s your lobby? How much do you contribute?

Republicans have been aching to cut your Medicare benefits, so this gives us Democrats an excuse to give them what the rich want.

Sen. Richard Burr (R-NC) said, “I’ve been working on entitlement reform since I got here 21 years ago. This is the first real hope at getting entitlement reform and in the process taking care of the SGR which we’ve always known was a mythical cut.”

Translation: In conservative-speak, the word “reform” always means: “Screw the poor and the middle class.”

Thus entitlement “reform” means cut Social Security benefits, cut Medicare benefits, cut Medicaid benefits, cut unemployment compensation, cut food stamps, and cut all other poverty aids.

Similarly, tax “reform” means charging the poor and the middle more, via regressive programs like a flat tax, increases in FICA and sales taxes, and the sneakiest one of all: Making the monetarily non-sovereign states and cities pay for things the federal government should fund (Example: Education.)

Any time you hear a politician use the word “reform,” grab your wallet and scream, “Liar, liar, pants on fire.”

Predition: Shortly after (like, the next day after) 2016 elections, the politicians will, at the urging of their rich benefactors, “discover” that once again, Social Security, Medicare, Medicaid, all poverty aids and taxes need to be “reformed.”

Once again you will be treated to the Big Lie that the federal government is “broke,” while you are rich, and that federal spending is limited by federal tax collections.

And because you will believe it (and probably become angry at anyone who disagrees), your taxes will rise, your benefits will fall, and the income/wealth/power Gap between you and the rich will grow.

You’re being raped. I hope you enjoy it.

Rodger Malcolm Mitchell
Monetary Sovereignty

===================================================================================
The 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. Federally funded, 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. (Refer to this.)
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)

Initiating The Ten Steps sequentially 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.
1. A growing economy requires a growing supply of dollars (GDP=Federal Spending + Non-federal Spending + Net Exports)
2. All deficit spending grows the supply of dollars
3. The limit to federal deficit spending is an inflation that cannot be cured with interest rate control.
4. The limit to non-federal deficit spending is the ability to borrow.

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

–Liberty U. students support Republican Ted Cruz — maybe. Monday, Mar 23 2015 

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

Mitchell’s laws:
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●The more federal budgets are cut and taxes increased, the weaker an economy becomes. .
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.
●Austerity is the government’s method for widening
the gap between rich and poor.
●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.
●Everything in economics devolves to motive,
and the motive is the Gap.
==================================================================================================================================================================
Here is a perfect Fox “News” moment:

Liberty U. Students Forced to Attend Ted Cruz Speech

All Liberty students are obligated to show up for convocations on Mondays, Wednesdays, and Fridays. Absenteeism results in “four reprimands and a $10 fine,” according to student Daniel Joseph Hayes.

Hayes complained that Cruz’s decision to make his announcement at a Liberty U. convocation was “starkly deceptive,” since it might appear to outside observers that throngs of students had decided to support Cruz of their own volition. He wrote, according to Bloomberg:

I strongly object to Senator Cruz’s choice of venue for the announcement of his 2016 presidential bid: as is well-known by Liberty University students but considerably less well-known by the general public, all students are required to attend convocation every Monday, Wednesday, and Friday.

Sen. Cruz is a friend of the Liberty University administration and has spoken at convocation in the past. As such, he knows that all students are required to be in attendance.

I bear no ill will toward Sen. Cruz, but his choice to announce his 2016 presidential bid at convocation at Liberty University is a starkly deceptive one.

Should the general public be unaware that all students are required to attend convocation, it would seem to the average viewer (as this will be televised and is already being widely publicized) that 10,000 supporters came to Liberty University to hear Sen. Cruz’s announcement. However, every student in attendance has no say in the matter.

Students will either attend convocation and lend to the illusion of widespread support for Sen. Cruz, or they will be subject to administrative punishment–specifically, four reprimands and a $10 fine–if they are absent.

While Sen. Cruz has every right to run for president and to announce his candidacy, it is a highly deceptive, albeit politically savvy, move on Sen. Cruz’s part to make his big announcement here.

I do not support this action, and I am not alone in my belief that such deception is wrong.

There’s something vexing about an institution with “liberty” in its name requiring attendance at a political event.

Ah, clever Ted, on “Cruz control.” The campaign begins.

Bet you won’t hear about this from Sean Hannity.

Rodger Malcolm Mitchell
Monetary Sovereignty

===================================================================================
The 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. Federally funded, 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. (Refer to this.)
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)

Initiating The Ten Steps sequentially 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.
1. A growing economy requires a growing supply of dollars (GDP=Federal Spending + Non-federal Spending + Net Exports)
2. All deficit spending grows the supply of dollars
3. The limit to federal deficit spending is an inflation that cannot be cured with interest rate control.
4. The limit to non-federal deficit spending is the ability to borrow.

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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