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●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.
The fundamental purpose of ACA (aka Obamacare) is to provide poor people with healthcare. The program is massively flawed. It’s a complex, convoluted mess, that by comparison, makes the U.S. tax code look simple.
We should have federally funded, comprehensive Medicare (all parts), for every man, woman and child in America. No deductions. No exceptions. Healthcare for all.
ACA is a weak substitute. It’s weird limitations are based on the ignorant assumption that the federal government cannot afford to fund Medicare for all, so benefits must be restricted to what ACA provides.
That said, like it or not, ACA is the law of the land. It’s here and it’s not going away any time soon, despite many crazy votes (is it up to 50 yet?) by an increasingly screwball Republican House majority.
Study: States that reject Medicaid expansion lose money
Kelly Kennedy, USA TODAY 12:04 a.m. EST December 5, 2013
The 20 states choosing not to expand Medicaid will lose billions of dollars in federal funds, according to a new study released Thursday.
By 2022, Texas could lose $9.2 billion, while Florida could lose $5 billion, Georgia could lose $2.9 billion and Virginia could lose $2.8 billion.
To say this is abjectly stupid, does not do justice to the words “abjectly” or “stupid.” It’s beyond stupid. It’s mean stupid. It’s stupidity, not just for political vengeance, but to satisfy a deep-seated hatred of the poor.
The federal government has offered to pay 100% of the Medicaid expansion cost for the first 3 years, and 90% thereafter. It’s an absolute slam-dunk winner for all states accepting the ACA expansion, and a dead loser for those that don’t.
So my question, to all you who live in those 20 states: Why did you vote for those jerks? They not only are mean, immoral bastards, but are costing you money.
Many Republican governors have said increasing Medicaid could add to the federal deficit. Medicaid, however, is a federal program, Sherry Glied, lead author of The Commonwealth Fund study said, and residents of states that have not expanded the program are still paying taxes to support it. They’re just not getting the extra benefits in their states.
O.K., let’s take a deep breath, here. It’s true that nearly all citizens in those 20 states: are being cheated financially, and the poor citizens are being cheated out of health care.
Further, all Americans are being cheated by the state Republican governments, because billions are not being sent into the economy. Citizens of each state buy in many states. Those dollars are being reduced. By not accepting Medicaid expansion, the Republicans are bleeding the entire economy.
But taxes do not pay for the program. You who understand Monetary Sovereignty know that federal taxes do not pay for federal spending, and even if FICA were $0, the federal government could continue supporting Medicare and Social Security forever — even with double the benefits.
Obamacare is free money to the states, and many states refuse it, out of ignorance or malice.
Bottom line: If you live in one of the Republican-controlled states that refuse to expand Medicaid coverage, your state politicians are stealing dollars from your pocket, your spouse’s pocket, your children’s pockets and your family’s, friends’ and neighbors’ pockets, just as though they had lined you all up at gunpoint, and demanded you give them you money.
If you enjoy being robbed, you’ll love your local, conservative government, bought and paid for by the upper .1% income/power group.
It would be better to take your money to Las Vegas. You’ll lose, but at least you might meet a showgirl.
Rodger Malcolm Mitchell
Nine 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 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
As the federal deficit growth lines drop, we approach recession, which will be cured only when the lines rise. Federal deficit growth is absolutely, positively necessary for economic growth. Period.