Mitchell’s laws: The more budgets are cut and taxes inceased, the weaker an economy becomes. To survive long term, a monetarily non-sovereign government must have a positive balance of payments. Austerity = poverty and leads to civil disorder. Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.

What is the disgrace of America?

Chicago Tribune
Deep cuts loom as state tries to save Medicaid
By Monique Garcia and Ray Long, Chicago Tribune reporters, April 17, 2012

The list of medicines Jason Carrington must take every day to treat his multiple sclerosis and related symptoms is long: Copaxone injections to prevent relapses, primidone to control tremors, Seroquel to stabilize his mood, lamotrigine and Cymbalta to treat depression and anxiety.

The drugs can cost thousands of dollars a day, an expense the state now picks up. But the 32-year-old Wicker Park resident soon could find himself forced to seek another way to pay for his prescriptions.

Scaling back such coverage is on the table as Illinois looks for ways to cut spending on its health care program for the poor. The state’s plan for drastically slashing Medicaid in order to save it is expected to come into sharper focus this week as a group of lawmakers and aides reports back to Gov. Pat Quinn.

The options could range from ending so-called extras such as dental and hospice care to raising cigarette taxes. Other possibilities: asking patients to pay more for services and narrowing eligibility requirements that could see thousands of children and adults lose health insurance.

This is the disgrace of America: Millions of our sick people unable to afford health care, while an economically ignorant federal government withholds the dollars that would pay for that care.

Chicago Tribune
Glimpses of Illinois Medicaid cuts emerge
By Monique Garcia, Ray Long and Alissa Groeninger
Clout Street, April 19, 2012

Glimpses of a plan to slash spending on the state’s health care program for the poor emerged Wednesday, with preliminary ideas ranging from eliminating a discount prescription program for seniors to stricter eligibility requirements that would leave thousands without health care coverage.

The menu of options was outlined in documents obtained by the Tribune that show potential cuts by Gov. Pat Quinn. While plans remain fluid, the draft provides a look at what’s on the table as the Democratic governor prepares to formally unveil his ideas Thursday.

Quinn has said the Medicaid system could collapse next year if spending isn’t slashed by at least $2.7 billion in the budget year that beings July 1. A bipartisan group of lawmakers has been examining ways to reach that figure, but has only been able to reach a consensus on how to cut about half of the governor’s requested amount.

This is the disgrace of America. A nation is measured by its treatment of its poorest. Our Monetarily Sovereign federal government has the unlimited ability to pay any bill of any size, and easily could eliminate FICA, while providing Medicare to every man, woman and child in America.

Instead, we let our fellow Americans sicken and die while the federal government fiddles. This is how a cold-hearted nation dies. We turn away from our sick and starving children in the streets. What was once America, no longer is.

The eulogy of America is being written in cruelty on pages of ignorance.

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
Gross Domestic Product = Federal Spending + Private Investment and Consumption + Net exports