Economics, Money and Debt
Trump’s handlers say he was just blinking. For you blinking fans, here is a lot of blinking to admire. Joe Biden says,
I wish I could have slept that well.”
(Actually, he didn’t. There is nothing about Trump that Biden admires. Polls show America feels the same way.)
In the quite unlikely event, that I, a 91-year-old, were to decide to run for President, here is what I would tell America:
My fellow Americans; you are constantly warned that the federal debt is “too high,” “unsustainable,” or a “ticking time bomb.”
Yet none of these warnings take into account the most important fact: The United States government creates dollars at will. It never can run short of dollars to pay its bills.
The federal government is not like a household, a business, or local government. Households must obtain dollars before they can spend. The federal government creates dollars by spending. The more the federal government spends, the more spending dollars it has.
Federal taxes do not provide the government with spending money as local taxes fund cities or states.
In short, federal spending creates economic growth dollars, while federal taxation removes growth dollars from the economy, and so, is recessionary.
This means the so-called “federal debt” is not debt in the ordinary household sense. It is largely the accumulated total of federal deficits over time — the net number of dollars the government has already added to the economy.
Treasury securities, like T-bills, T-notes, and T-bonds are interest-bearing accounts at the Federal Reserve system. They are assets to the economy.
U.S. dollars and Treasury securities are the same. They all are federal obligations. The only difference between a dollar and a T-bill is that a dollar doesn’t pay interest and doesn’t have a maturity date.
Worrying about the federal “debt,” is the same as worrying about the number of dollars in the U.S. economy. Keep in mind that a growing economy requires a growing supply of dollars.
As the population expands, businesses grow, production increases, and savings rise, more money is needed to support the larger volume of economic activity.
When the federal government fails to add sufficient dollars to the economy, we have recessions and depressions.
History repeatedly demonstrates that economic downturns occur when our government pursues austerity policies. By contrast, periods of strong federal spending lead to economic expansion.
That is why; to cure recessions, the government increases spending.
Critics warn that excessive federal spending causes inflation. But inflation is not caused by the existence of federal debt. Debt is merely an accounting record of past deficits. A debt accumulated over decades cannot suddenly consume steel, wheat, doctors, or gasoline merely because the number grows larger.
The real issue is whether new spending exceeds the economy’s current ability to produce goods and services.
In other words, inflation is fundamentally a shortage problem. If too many dollars chase too few goods, prices rise. But the important part of that sentence is not “too many dollars.” It is “too few goods.”
Historically, major inflations have come from shortages caused by wars, oil shortages, supply-chain breakdowns, crop failures, or collapses in productive capacity. The problem was not that the government “spent too much money.”
The problem was that something — a war, weather, pandemic, regulations — something restricted the supply of key goods and/or services, so there were shortages, and they caused prices to rise.
Today’s inflation is yet another example. It was not caused by excessive government spending. It was caused by the Iran war that is causing an oil shortage, that in turn, is causing inflation.
This distinction matters enormously when America treats the theoretical threat of inflation as more frightening than the very real suffering caused by poverty, inadequate healthcare, failing infrastructure, homelessness, and economic insecurity.
During World War II, the United States proved that when the nation decides something is urgent, productive capacity can expand rapidly. Factories appeared almost overnight. Millions of workers were trained. Ships, planes, tanks, and weapons flowed from newly created assembly lines.
Today you have been that told that universal healthcare, stronger Social Security benefits, modern infrastructure, or ending poverty are “unaffordable.” Yet the same country that mobilized for World War II still possesses the ability to mobilize resources when political will exists.
The true question is not: “Is the federal debt too high?” The true question is: “Is the government using its ability to create money that creates the supply of important goods and services?” Is the federal government providing enough funds for the productive, healthy, educated, and stable society we are capable of creating?”
My fellow Americans, you have been told we cannot afford healthcare for all, dignified retirement, good schools, modern infrastructure, scientific leadership, and economic security for ordinary citizens.
Yet somehow, there is always enough money for war, enough money for tax cuts favoring the wealthy, enough money for bailouts, and enough money for anything the powerful decide is important to them, personally.
I am here to tell you a simple truth: The United States government cannot run out of dollars. We create dollars, as many as we want, instantly, just by pressing computer keys.
The real limits are not financial. The real limit is the myth that money is limited.
The fuel for the American economic engine is money. The federal government could and should provide that fuel and stop pretending it can’t.
During World War II, America faced an existential threat. Experts said we lacked the factories, workers, ships, planes, and weapons needed to win. But the American people mobilized. Factories appeared almost overnight. Millions went to work. The impossible became possible because the nation understood the urgency of the moment.
Today we face other existential threats: poverty, sickness, unaffordable housing, decaying infrastructure, crushing insecurity, and the widening gap between the rich and everyone else.
These are not acts of nature. They are political choices made by those who wish to reserve power for themselves.
So here is what I, as President Mitchell, will do if you elect me. Under my administration:
We will stop pretending the federal government is a household with a maxed-out credit card. We will recognize that federal spending is not constrained by tax collections, but by the nation’s real productive capacity.
We will fund healthcare through Medicare for every American of all ages.
We will help fund new businesses that create jobs. We will eliminate the FICA tax that unfairly burdens salaried workers and discourages hiring.
We will fund Social Security directly, in the same way that we fund Congress, the White House, the Supreme Court, the military and most other federal initiatives, so that Social Security provides good livable benefits and so aging is not a sentence to poverty.
We will fund the expansion of medical schools, hospitals, nursing programs, and research centers so that healthcare capacity grows with demand.
We will provide funds for the world’s best education based on students’ abilities and desires, not on the size of their pocketbook.
We will rebuild roads, bridges, power systems, water systems, and public transportation. We will invest in science, clean energy, education, and technology.
And if inflationary pressures appear, we will fund cures for the actual shortages causing them: the energy shortages, the housing shortages, the labor shortages, the transportation bottlenecks, and the other supply constraints that all can be cured by targeted federal spending.
Today’s oil shortage would be far less impactful if we had been funding solar, wind, geothermal and research into other renewable energy sources.
And rather than hiding behind walls and deporting good, hardworking, immigrant families, the very workers and consumers who built America, we will vet them and provide a pathway to citizenship, so they can continue to help build our great nation.
We will solve problems instead of claiming they are unsolvable or blaming some groups for failures they didn’t cause. Claiming and blaming never solved anything.
America is not poor. America is rich beyond historical imagination. The tragedy is not that we lack money. The tragedy is that we have allowed ourselves to believe we are helpless while our millions suffer needlessly.
The purpose of a modern economy is not to protect accounting myths. The purpose of a modern economy is to improve the lives of its people.
That is the America I believe in. And that is the America we can build together.
Thank you, and God bless America.
Rodger Malcolm Mitchell
“I fired these people:”
Charles Q. Brown Jr. — Chairman of the Joint Chiefs of Staff (top-ranking U.S. military officer)
Lisa Franchetti — Chief of Naval Operations (top officer in the U.S. Navy)
James Slife — Vice Chief of Staff of the Air Force
Army JAG removed — Judge Advocate General of the Army (top Army military lawyer)
Navy JAG removed — Judge Advocate General of the Navy (top Navy military lawyer)
Air Force JAG removed — Judge Advocate General of the Air Force (top Air Force military lawyer)
Randy George — Chief of Staff of the Army (top officer in the U.S. Army)
David Hodne — senior Army commander associated with Army Futures Command and modernization operations
William Green Jr. — Superintendent of West Point (United States Military Academy)
Jeffrey Kruse — senior intelligence officer connected with the Defense Intelligence Agency
John Phelan — Secretary of the Navy (civilian cabinet-level Navy leader)
“And I hired this guy:”
Based on my military expertise and Pete Hegseth’s vast National Guard experience, I started a war with Iran. Here is what I told the American people:
March 2, 2026 — The war will last four to five weeks” but could “go far longer than that.”
March 9, 2026 — When asked when the war would end, I said, “very soon.”
March 31, 2026 — In the Oval Office, I said: “We’ll be leaving very soon,” ““within two weeks, maybe two weeks, maybe three.”
April 1, 2026 (morning) — The war will be over “within three days.”
April 1, 2026 (evening address) — I said: “We are going to hit them extremely hard over the next two to three weeks.”
April 21, 2026 — I said ““The war is very complete, pretty much.” and “There’s nothing left in a military sense.”
May 5, 2026 — I said, “another two weeks, two weeks, maybe three weeks.”
May 20, 2026 — I said the war will end “very quickly.”
So, trust me. Pete and I know what we are doing. If you want to learn more about Pete’s vast military education and experience, read this. It will help you understand our strategy and why we are winning.”
Rodger Malcolm Mitchell
Twitter: @rodgermitchell
Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell;
MUCK RACK: https://muckrack.com/rodger-malcolm-mitchell;
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A Government’s Sole Purpose is to Improve and Protect The People’s Lives.
MONETARY SOVEREIGNTY
The lies, corruption, and incompetence run so deep that I can’t even bring myself to comment anymore. What amazes me is that I still have friends who remain Trump supporters. I’ve stopped questioning their intelligence or integrity—because they have neither.
This article might seem like the final straw, but there will be countless more, as Trump-MAGA criminality will never end while Republicans and the Supreme Court remain complicit.
I have no energy left to speak of the MAGA Republican Party and the Supreme Court. I’ll be gone long before this mess is cleaned up—if it ever is. I just pray for my children, grandchildren, and great-grandchildren, who will have to bear the consequences of what we’ve created.
BREAKING: Trump Lawyer Resigns In Protest, 100,000 Children Separated From Their Parents, Insider Trading Bets Hit Iran War, and more…
Top Stories for May 19, 2026, Adam Kinzinger, May 19
Hey everyone. Happy Tuesday. We’ve got some big stories today, with a top Trump lawyer resigning in the wake of the Weaponization Fund announcement. And after that, the president pointedly refused to rule out personally benefiting from the fund.
I want to speak personally about this, as a former member of Congress. Elected officials are supposed to be held to a higher standard. Was it inconvenient? Sure. Did some of us make less money in office than we could have doing something else? Of course.
But that’s the job. Public service should be about doing something good for the country, not your own bank account. Today’s stories all seem to revolve around the powerful having forgotten that lesson.
Beyond Trump’s self-enrichment, we also have a new report finding that the administration has separated more than 100,000 American kids from a parent. And 60 Minutes uncovered $2.4 million in apparent insider trading on the Iran war. The Trump EPA gutted limits on forever chemicals in your drinking water. And while all of that is happening here at home, the WHO has declared a global health emergency over a new Ebola outbreak in central Africa.
His office had to approve the transfer of the $1.776 billion from the federal Judgment Fund, an uncapped pot of taxpayer money, into a new account. That account will be controlled by a five-person commission appointed by acting Attorney General Todd Blanche, who was until recently Trump’s personal defense attorney. Every member of the commission can be fired by Trump.
Then there is the question of who gets paid. Reporters asked Trump yesterday whether his own family would be seeking money from this fund. Watch what he did not say:
His own legal team’s statement was even less subtle. It read that Trump, his family, his supporters, and “countless other America First Patriots” were illegally targeted by the Department of Justice and the IRS. That is a roster of who is in line for the money, written by his own lawyers.
Let’s not pretend this is complicated. There is no honest way to describe this as a legal settlement. It is a payoff. And the only person inside the administration who treated it like one was the Treasury’s top lawyer, who quit rather than sign his name to it. He saw what this is. The question is when the rest of the Republican Party will.
And here is the part that should stop you cold. Only about five percent of these children have been touched by the child welfare system. The other 95 percent are scattered: some with relatives, some left the country with a deported parent, some simply unaccounted for in any government data.
The Department of Homeland Security responded with a sentence they have been recycling for a year: ICE “does not separate families.” That is the official line while 145,000 American kids are missing a parent.
In Trump’s first term, family separation at the border ended in 2018 because the country saw the photos and refused to live with it. This time around it is more than twenty times bigger, it is happening in our cities rather than at the border, and the official government response is to deny the separations are happening at all.
The accounts hit the exact dates of the first U.S. strikes on Iran, the removal of Iran’s supreme leader, and the announcement of the ceasefire. They placed bets when the public odds were low, which is what you do when you know something the public does not.
A separate analysis flagged a slow trading day in March when someone staked more than 800 million dollars on oil prices falling, fifteen minutes before Trump posted on Truth Social about productive talks with Iran. Oil dropped ten percent. Federal investigators are probing those trades.
The Commodity Futures Trading Commission, which is supposed to police all of this, is a five-member commission currently led by a single person. Enforcement actions are down sharply since 2024.
You know what insider trading on a war looks like in plain English? It means someone inside the United States government, or someone connected to it, told someone else when American troops were about to be put in harm’s way, and that someone made millions on the knowledge. And if that is not worthy of a national security investigation, I don’t know what is.
EPA Administrator Lee Zeldin called the Biden rule procedurally flawed. The American Chemistry Council, which sued to block the rule, is presumably thrilled. Health Secretary Robert F. Kennedy Jr., who built his political brand suing chemical companies over exactly this kind of contamination, stood at the same podium and defended the rollback.
The actor and activist Mark Ruffalo, whose film Dark Waters was about PFAS contamination, said, quote, “Weakening the PFAS drinking water standards will make America sicker, not healthier.”
You can argue about enforcement timelines. You cannot honestly argue that cancer-causing chemicals in our tap water suddenly need fewer rules around them. This is an administration that ran on the slogan Make America Healthy Again loosening the standards on poison in drinking water. Pick a side, guys.
The WHO declared this a Public Health Emergency on Sunday, May 17 — the highest alert level in the international health system. It’s only the eighth time this designation has ever been issued. The CDC issued a Level 3 travel advisory to these countries and has restricted entry from them for 30 days.
One American — Dr. Peter Stafford, an aid worker in eastern Congo — has been infected. Six other Americans believed to be exposed are being moved out of the region.
Here’s where Trump comes in. Jeremy Konyndyk, who ran USAID’s disaster response under Obama and Biden, put it directly: “Most of the international infrastructure that we used to use to respond to outbreaks has been DOGE-d.“
U.S. humanitarian assistance to the Democratic Republic of the Congo dropped by 80% this year. The CDC’s Global Health Center cut 60% of its staff. And the surveillance program designed to identify new viral outbreaks in Central Africa — was eliminated entirely in February.
And here’s what makes it worse: we have battled this virus before, and won. In 2014, the Obama administration sent 3,000 American military personnel and aid workers to West Africa to stop an Ebola outbreak that killed 11,000 people. We stopped it before it spread. We knew how to do this. And Trump and Musk threw all of that away — to save what amounts to a rounding error in the federal budget.
Talk to your friends, family, and acquaintances. I have grown too tired and too old to argue with fools anymore.
Rodger Malcolm Mitchell
Twitter: @rodgermitchell
Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell;
MUCK RACK: https://muckrack.com/rodger-malcolm-mitchell;
……………………………………………………………………..
A Government’s Sole Purpose is to Improve and Protect The People’s Lives.
MONETARY SOVEREIGNTY
#Monetary Sovereignty - Mitchell 