Mitchell’s laws: Reduced money growth never stimulates economic growth. To survive long term, a monetarily non-sovereign government must have a positive balance of payments. Austerity breeds austerity and leads to civil disorder. Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.

Chutzpah (pronounced with a gutteral “H.” It rhymes with foots pah, and is a yiddish term, meaning unashamed gall. The classic example is the child who kills his parents, then begs the court for mercy because he’s an orphan.

Here is the text of a letter signed by Newt Gingrich:

To Bob Vander Plaats and the Executive Board of The FAMiLY LEADER:

I appreciate the opportunity to affirm my strong support of the mission of the FAMiLY LEADER by solemnly vowing to defend and strengthen the family through the following actions I would take as President of the United States.

Defending Marriage. As President, I will vigorously enforce the Defense of Marriage Act, which was enacted under my leadership as Speaker of the House, and ensure compliance with its provisions, especially in the military. I will also aggressively defend the constitutionality of DOMA in federal and state courts. I will support sending a federal constitutional amendment defining marriage as the union of one man and one woman to the states for ratification. I will also oppose any judicial, bureaucratic, or legislative effort to define marriage in any manner other than as between one man and one woman. I will support all efforts to reform promptly any uneconomic or anti-marriage aspects of welfare and tax policy. I also pledge to uphold the institution of marriage through personal fidelity to my spouse and respect for the marital bonds of others.

Translation: Who knows better than me how to defend marriage? I have cheated on three consecutive wives already, so I always have to defend something. I love cheating so much I was in the midst of one affair, when I began an investigation of President Clinton for obstruction of justice and perjury regarding Ms. Lewinsky. Elect me, and I’ll even cheat you. I will, trust me. I am Newt Gingrich. CHUTZPAH!

Defending the Unborn. I believe that life begins at conception. On day one of my administration, I will sign an executive order reinstating Ronald Reagan’s Mexico City policy that prevents taxpayer dollars from being used to fund abortions overseas. I will also work with Congress to repeal Obamacare, defund Planned Parenthood so that no taxpayer dollars are being used to fund abortions but rather transfer the money so it is used to promote adoption and other pro-family policies, and enact legislation that provides greater protections for the unborn.

Translation: I will prevent government-paid abortions, but have no objection to privately funded abortions. In short, let the poor and middle classes suffer; the rich can pay for anything they want. Oh, you’re in the middle class? Too bad. Because I am going to repeal the law that helps pay for your medical care. But, trust me. I am Newt Gingrich. CHUTZPAH!

As President, I will vigorously defend the First Amendment’s rights of religious liberty and freedom of speech against anyone who would try to stifle the free expression of believers.

Translation: None of the First Amendment applies to atheists or non-Christians, or any people who don’t want their kids indoctrinated in school or court, nor does it apply to #Occupy Wall Street, who are protesting against the wealth gap. Hey, I am rich and am paid millions as a political “consultant” (aka bag man). So, you can trust me. I am Newt Gingrich. CHUTZPAH!

I will also promote legislation that protects the right to conscience for healthcare workers so they are not compelled to perform abortions and other procedures that violate their religious teachings.

Translation: Yes, I know. Doctors and nurses are not required to perform abortions. But some nurses are asked to care for a patient who has had or will have an abortion, and I say, let these mothers die if your religious teachings demand it. Death is good, if it’s of mothers. Trust me. I am Newt Gingrich. CHUTZPAH!

As President, I will undertake vigorous policies to maximize capital investment and job creation, along with common sense entitlement reforms, to dramatically turn around the nation’s fiscal situation. Building upon the same principles I championed during my four years as Speaker, when we reduced the national debt by over $400 billion and dramatically reduced the national debt as a percentage of the GDP, we will reduce the enormous burden upon American families of the public debt and unfunded liabilities.

Translation: And please do not remember that those debt reductions led to a recession, and that I accomplished debt reduction by cutting the capital gains tax on the rich and reducing public welfare for the poor. See how I help the rich at the expense of the poor? The rich trust me. You should too. I am Newt Gingrich. CHUTZPAH!

Today, as federal courts have intervened in sectors of American life never before imaginable, including the intervention in the definition of marriage as well as when unborn life can be protected under the Constitution, the public has increasingly come to view them as an usurpative device for unelected rulers. This abuse of power and loss of public confidence amounts to a constitutional crisis. I believe the executive and legislative branches each have an independent responsibility to interpret the Constitution, and in those rare circumstances when they believe the federal courts, including the Supreme Court, have engaged in a serious constitutional error, they can choose among an array of constitutional powers to check and balance the courts. As President, I will nominate for federal judgeships, including justices of the Supreme Court, only those individuals who are committed to an originalist understanding of the Constitution. Judges with an originalist understanding will subordinate themselves to the meaning of the Constitution as it was intended by the framers, and not substitute their own judgments about its meaning. The inherent judicial self-restraint that comes from an originalist approach to the Constitution offers the best long-term assurance that federal judges will not exceed their powers and trample on individual liberties.

Translation: Don’t worry about an independent Supreme Court, which derives its independence from lifetime appointments. We want “orginalist” judges who will do exactly as we tell them. And, because Congress and the White House are not originalist, you can trust us to overrule the Supreme Court whenever we damn well feel like it. Trust me, even though I was disciplined by the House of Representatives for lack of ethics, I brought ethics charges against Speaker Jim Wright, for using a book deal to get around campaign-finance laws.

And yes, I also engaged in check kiting. I had overdrafts on twenty-two checks, including a $9,463 check to the IRS. And I had 84 ethics charges filed against me, and I was fined $300,000. But trust me to understand the law. I am Newt Gingrich. CHUTZPAH!

I will also work with Congress to use the Constitutional means available to reassert the right of the elected branches of government to defend their understanding of the meaning of the Constitution, including limiting the jurisdiction of the federal courts to decide on certain issues, when they believe the federal courts have engaged in a serious constitutional error.

Translation: Here’s how it works: Members of Congress, not the Supreme Court, will decide what’s constitutional. Doesn’t that make you feel better? Trust me. I am Newt Gingrich. CHUTZPAH!

Newt Gingrich

Translation: In Newt-speak, “sincerely” means: I’m just mouthing what people want to hear. I don’t really mean it. I’m a very pious, multiple cheater, often liar, often sanctioned crook, who has changed positions more often than I change my underwear – much more often. So when I say “sincerely,” put your hand on your wallet and hide your wives and daughters. Trust me. I am Newt Gingrich. And vote for me. All the suckers do.

Newt Gingrich
Would this face lie to you? CHUTZPAH!

Rodger Malcolm Mitchell

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:
Federal Deficits – Net Imports = Net Private Savings
b>Gross Domestic Product = Federal Spending + Private Investment + Private Consumption + Net exports