–Lord, save us from our friends. The left’s plans for Social Security Wednesday, Aug 26 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.
•Any monetarily NON-sovereign government — be it city, county, state or nation — that runs an ongoing trade deficit, eventually will run out of money.
•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.
•The single most important problem in economics is
the Gap between rich and poor.
•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.
•Everything in economics devolves to motive, and the motive is the Gap between the rich and the rest..

===================================================================================================================================================================================================================================================================================

The Republicans

The Republicans endlessly wish to privatize Social Security, for one reason and one reason only.

No, it’s not because private investments yield more than Social Security does. That’s the excuse given. The problem with that excuse is it merely restates a simple fact: With greater reward comes greater risk.

If you invest in stocks, you most likely will come out ahead in the long run — the long, long run. Or you could lose. In January 2008, the S&P stock average was above $1,400. By April of 2009, just 16 months later, it had fallen below $800, a drop of 40%.

Is that the kind of risk you think is appropriate for a retirement fund?

Further, if the Republicans were to privatize Social Security, the massive flow of dollars — billions upon billions of dollars — would cause a stock bubble the likes of which we never have experienced, to be followed by a bubble burst of epic proportions.

The Republicans know all this. So why do they keep suggesting privatization? To reward their dear friends, the rich bankers and investment brokers. Imagine the commissions!

The brokers salivate at the thought, and when they finish salivating, they give big campaign contributions.

The Democrats

The Democrats also understand the fallacy of privatization, so they offer other plans, not as ridiculous as the Republicans’ plan, but bad nevertheless.

O’Malley’s plan to expand Social Security draws fire from a Wall Street front

Former Maryland Gov. Martin O’Malley, one of the more overlooked candidates for the Democratic presidential nomination, emerged Friday with an encouraging endorsement of expanding Social Security to make it even more relevant to the lives of working Americans than it is today.

“The economic pressures on millions of families — from stagnant wages and high housing costs, to a lack of affordable childcare and skyrocketing college tuition — have resulted in meager, if any, retirement savings for tomorrow’s retirees.”

He’s right about that, and right that Social Security is the one pillar of retirement security that has remained strong, while employer pensions and retirees’ personal nest eggs wither.

He calls for expanding benefits and requiring wealthier Americans to shoulder their fair share of the program’s cost.

Expanding benefits is good, even necessary if SS is to have much meaning. But no one, neither the rich, nor the poor, nor the benefit recipients, needs to “shoulder any share of SS costs.

People can run short of dollars. The federal government cannot. It is Monetarily Sovereign. It creates its sovereign currency, the dollar, at will.

So why ask people to shoulder the burden, when paying for SS would be no burden at all for the federal government?

O’Malley joins Sen. Bernie Sanders (I-Vt.), and Sen. Elizabeth Warren (D-Mass.), who also are pushing to expand the program.

O’Malley’s move may increase pressure on Hillary Rodham Clinton to endorse Social Security expansion. She’s been silent on the issue.

O’Malley would impose the payroll tax on all earned income over $250,000. Because the higher figure wouldn’t be indexed to inflation, that window would narrow over time.

Sanders would impose the tax on all income, including unearned income such as capital gains, over $250,000.

Aside from guaranteeing massive pushback from those who would have to pay the new tax (i.e. those who are the big contributors to politicians), these plans are based on, and would fortify, the myth that taxes are needed to pay for Social Security.

Rather than simply telling the truth, that the federal government can spend whatever it wishes to spend, on anything it wishes to buy, the Democrats follow the same fact- twisted notion as the Republicans.

Both parties agree that SS payments are too low, and both pretend that the problem is a lack of income. The only difference is that the Republicans want stock market investors to pay for that income, and the Democrats want the people to pay it.

In short, the people pay everything and the government, which can afford anything, pays nothing. That’s every politicians’ plan.

Remember, neither the people at large, nor the people who invest in stocks, actually create any dollars.

Rising stock prices don’t create dollars. In its essence, the stock market is a gigantic Ponzi scheme, in which the same dollars simply move from hand to hand. The same is true of FICA, which also creates no dollars, but rather takes dollars from one hand, while giving dollars to another hand.

The only time dollars are created is via federal deficit spending, in which the government creates more dollars than are destroyed via taxing.

More than half of all married couples in retirement and about three-quarters of singles get 50% of their income or more from Social Security. For a fifth of married seniors and half of the unmarried, the program accounts for 90% of income.

It is sad for our wealthy nation, when half to three-quarters of retired people must credit 50% of their survival to the pittance provided by SS.

O’Malley explicitly states that he wants to give minimum-wage and lower-income workers an especially enhanced benefit and raise the special minimum Social Security benefit to 125% of the federal poverty level.

That benefit, which applies to workers with long histories of very low wages, is currently $804 a month, which is about 82% of the poverty level; O’Malley would raise it to about $1,226 a month.

Ten years ago, we recommended eliminating FICA and exactly six years ago, we published Ten Reasons to Eliminate FICA

The 10 Reasons remain relevant today, but there is an eleventh reason: The existence of FICA lends false credibility to the Big Lie — the lie that federal spending requires funding from federal taxes.

It is the Big Lie that punishes the poor and widens the Gap between the rich and the rest.

At long last, will the Democrats please stop supporting the Big Lie?

Lord, save us from our friends.

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.
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

–The Gap and the myth of the zero-sum game Sunday, Mar 22 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.
==================================================================================================================================================================

We often have written about the “Gap.” It is the distance between the rich and the poor, between the wealthy and the lacking, between the powerful and the powerless.

If there were no Gap, no one would be rich and no one would be poor. The wider the Gap, the richer are the rich and the poorer are the poor.

monetary sovereignty

The Gap is growing.

The Gap is the single, most serious problem facing America and the world. It is the primary source of internal strife and of external wars.

Evolution has made our fear stronger than our desires. We may be thirsty, but we resist going to a river filled with hidden crocodiles.

For every income group, the fear of falling to a lower level is greater than the desire to rise higher.

The rich want to expand the Gap, because it is what makes them rich, and more importantly, a widening Gap keeps them from falling to middle class — their greatest fear.

The middle want to widen Gap below them, because a growing Gap provides comfortable separation from the poor. Even the poor want the Gap, because it allows them to feel superior to the very poor.

Next to sickness, the greatest fear of the retired person is running short of money, and so, falling into a lower wealth group.

Which brings us to an excellent article in the March, 2015 issue of NewScientist Magazine. Here are a few excerpts, plus our thoughts.

Migrants and asylum seekers are not a zero-sum game
06 March 2015 by Victoria Esses

An unfounded fear of competition is driving anti-immigration sentiment in the West.

It’s not exactly competition the anti-immigrants fear. The rich aren’t afraid of competition, because in reality, there is no competition for the rich.

The fear is that the immigrants will narrow that Gap, by being smart, hard-working, motivated people — in short, being assets to America and the American economy. So the rich invent excuses to keep these people down or out.

Of course, the middle- and lower-groups do fear the competition, so they eagerly accept the excuses offered by the rich.

IN SEPTEMBER 2014, tens of thousands of unaccompanied children from Central America had crossed the Mexican border illegally. There were polarised, angry debates on how to respond. President Obama called the issue a “humanitarian crisis” and worked to house and feed the children.

Others opposed using US resources to care for them.

These “others” would have opposed using any resources, even foreign resources. In reality, it was not the resources that concerned them.

Remember, federal tax dollars do not fund federal spending. The notion that federal taxpayers’ dollars support poor immigrants simply is wrong. America could support immigrants with no taxes at all.

Even understanding that would not change the prejudices of the populace.

Around the same time, a row erupted in Europe over migrant ships in the Mediterranean. Italy suspended its rescue missions and the UK refused to support a new European Union search and rescue operation, claiming it would encourage more migrants to attempt the crossing.

Aid agencies and the UN High Commissioner for Refugees retorted that such operations were necessary to save lives.

Saving immigrant lives is at the bottom of the priority list for those who already have been blessed with citizenship. It’s the “I’ve got mine” syndrome.

Anti-immigration activists, the media and political elites have created a crisis mentality in which immigrants are portrayed as “enemies at the gate”.

Even legal immigration has become controversial, with groups such as the UK Independence Party proposing stricter controls on migrants from certain parts of the EU.

Legality is the fake justification for keeping the “enemy” outside the gate. After all, the law easily could be changed to make the “illegal” immigrants legal. The anti-immigrant groups don’t want them to be legal, despite all the complaints about illegality.

As a rule, members of socially dominant groups tend to believe that their group is superior and hence entitled to resources and privileges.

To maintain their dominance, they must fend off “invading” groups who are seen as competing with them for finite resources including jobs, political power and cultural and religious influence.

This can occur irrespective of whether there are indeed limited resources and actual competition over them.

This belief in zero-sum competition is central to attitudes about immigration.

“Zero-sum” is the myth the rich teach to the rest of us. It’s the false claim that somehow, the federal government can run short of its own sovereign currency, with which to pay its bills — the false claim that because of immigrants we will run short of money and ideas.

It’s the false claim that immigrants “use up” jobs, when in reality, immigrants create jobs by being consumers.

It’s the false claim that immigrants are a net drag on the economy, when in reality, America was built by immigrants, and still grows, partly because of immigrants.

There is a widespread belief that any gains immigrants make must be at the expense of members of the host society. This belief is deeply embedded in Western society, even though it is seldom justified.

The upshot of these attitudes is hostility toward immigrants, self-aggrandisement – often in the form of nationalism – and support for the exclusion of immigrants and refugees.

Using aliens as scapegoats for the ills of a nation is an old trick, designed to cover up ills with the governing class.

When migrants are allowed to settle in a new country, they are often faced with a dilemma. If they are economically successful, they are seen as having taken jobs or opportunities away from local people; if they are not successful, they are seen as a drain on the system.

Sound familiar? It’s the conservative mantra.

Refugees and asylum seekers are especially likely to be treated with hostility. Research has shown that common themes in the media – including claims that asylum-seekers are “bogus” and associated with criminals, terrorists and disease.

This perception allows some in the host nations to assert that refugees deserve the unfair and inhumane treatment they receive.

The Ebola outbreak, for example, helped to fan the flames of anti-immigration sentiment against Hispanics in the US, even though there were no cases of Ebola in Latin American countries.

The “immigrants are diseased” incantation has been refuted repeatedly, though facts seldom overcome motivated belief. Consider this article:

America’s Long History of Immigrant Scaremongering
Conservatives claim that the young immigrants crossing the border are diseased and pose a dangerous public health risk. It’s a sad American tradition.

Conservative media figures have stoked tensions with wild and dishonest rhetoric on the supposed threat of new arrivals.

“Dengue fever, 50 to 100 million new cases a year of dengue fever worldwide. In Mexico, it is endemic. It’s a terrible disease, for anyone that’s had it,” said Fox News host Marc Siegel, who continued with a warning. “There’s no effective treatment of it. It’s now emerging in Texas because of the immigration crisis.”

Likewise, on her radio show, Laura Ingraham declared, “The government spreads the illegal immigrants across the country, and the disease is spread across the country.”

Rep. Louie Gohmert told conservative publication Newsmax that “we don’t know what diseases they’re bringing in.”

But we do. While a handful of reports suggest there are incoming children with illnesses like measles and tuberculosis, the vast majority of these minors are healthy and vaccinated.

Moreover, according to the Department of Homeland Security, border agents are required to screen “all incoming detainees to screen for any symptoms of contagious diseases of possible public health concern.”

In short, the odds that migrant children would cause a general infection of anything are slim to none, right-wing claims notwithstanding.

These facts are easy to find, but it’s not a surprise that immigration opponents would claim otherwise.

It’s not a surprise, because people will believe what they wish to believe, and conservatives ardently wish to believe anything and everything evil about immigrants, despite the facts.

American University professor Alan M. Kraut in an essay titled “Foreign Bodies: The Perennial Negotiation over Health and Culture in a Nation of Immigrants,” wrote, “the Chinese community of San Francisco found itself under siege (for) fear of bubonic plague.”

“The Irish were charged with bringing cholera to the United States in 1832. Later the Italians were stigmatized for polio. Tuberculosis was called the ‘Jewish disease.’ ”

In 2005, an episode of Lou Dobbs Tonight falsely asserted, “We have some enormous problems with horrendous diseases that are being brought into America by illegal aliens,” including 7,000 cases of leprosy in the past three years.

On his radio show, Bill O’Reilly agreed that immigrants were crossing the border with “tuberculosis, syphillis, and leprosy,” and in 2006, Pat Buchanan claimed “illegal aliens” were responsible for bedbug infestations in “26 states.”

(All) draw from a long history of ugly nativism and prejudice dressed as concern for public health. And you don’t have to be a liberal, or support immigration reform, to see that it’s a disgrace.

Prejudice itself is nothing more than disguised fear of the Gap below, being narrowed. Conservative broadcasters rely on the fear and ignorance of their audiences. Even when lies are discovered, conservative audiences forgive them. (Think of how little, if any, Bill O’Reilly’s repeated lies have cost hom.)

Returning to the NewScientist article:

Countries that integrate immigrants successfully are less likely to feel the stress and more likely to reap the benefits.

Those countries that simply try to slam the door shut are asking for trouble.

Would America be better off without the Chinese? The Japanese? The Germans? The Irish? The Jews? The Eastern Europeans? The Russians? The English?

We are not in a zero-sum game. Immigrants don’t subtract; they add ideas and effort and energy. We need immigrants continually to invigorate the American gene pool.

“Fortress America” is a doomed America.

Remember that the next time you watch or listen to FOX “news” et al. But you are smarter than that, aren’t you.

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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