Mitchell’s laws:
●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 leads to civil disorder.
●Cutting the deficit is the government’s method for taking dollars from the middle class and giving them to the rich.
●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.
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This goes under the title, “If it’s important to me, pass it. If it’s not important to me, block it.” Or, “Listen to what I say. Pay no attention to what I do.”
‘A Knife In The Back’: Boehner Faces Bipartisan Fury After Punting Sandy Aid
January 2nd, 2013, Henry DeckerHouse Speaker John Boehner is facing a bipartisan firestorm over his decision not to vote on Hurricane Sandy relief before the 112th Congress adjourns, creating a new crisis for Republican leadership just hours after the end of the “fiscal cliff.”
On December 28th, a bipartisan coalition of 49 Democrats and 12 Republicans passed a $60 billion aid package through the Senate to provide relief to the states that were devastated by the storm in October. But after dragging their feet on the measure for weeks, on Tuesday night Republican leadership decided that the bill would not be considered until the 113th Congress convenes on Thursday
“This was a disgrace. They are inexcusable,” Rep. Peter King (R-NY) said of Speaker Boehner and Majority Leader Cantor last night. King, normally a reliable Republican vote, described the decision not to provide hurricane relief as a “knife in the back,” and warned that Republicans are “going to have to go a long way to get my vote on anything” after the debacle.
King also called on New Yorkers to stop contributing to the Congressional Republicans who have ignored their urgent needs. “These Republicans have no problem finding New York when they’re out raising millions of dollars. They’re in New York all the time filling pockets with money from New Yorkers,” King raged. “I’m saying anyone from New York and New Jersey who contributes one penny to Congressional Republicans is out of their mind.”
Hey, what happened to all those “unaffordable,” “unsustainable,” “time bomb to bankruptcy” arguments favoring reduction of federal spending?
Tea Party-backed Rep. Michael Grimm (R-NY) concurred with King, calling Boehner and Cantor’s move “a personal betrayal.”
Whaaa – – -even the Tea Party wants to spend another $60 billion (that “b” for billion, not “m” for million)?
Some are wondering if the House GOP’s decision is related to the northeastern states’ reliably Democratic voting record; as Rep. Rush Holt (D-NJ) said on the floor, “I’d like to think this is not a partisan matter, but I have to wonder what is going on here.” Indeed, House Republicans have never hesitated to approve federal aid for disasters that struck red states; for example, it took less than a month for a Republican Congress to approve $62.3 billion in disaster aid after Hurricane Katrina battered the reliably Republican Gulf Coast.
One cannot believe that the Republicans, the party of religion and family values, the party that staunchly is pro-life and absolutely adores microscopic embryos, would delay helping sick, suffering and destitute Americans of all ages, just because they tend to vote Democrat.
No, tell me it cannot be true.
The other likely explanation for the GOP’s intransigence is Speaker Boehner’s fear of proposing billions in federal spending, just hours after nearly blowing the fiscal cliff deal due to his caucus’ insistence on adding spending cuts to the bill.
If this were Boehner’s calculation, he would be following the advice of right wing Washington Post blogger Jennifer Rubin, who coldly suggested that the speaker could “save face” by leaving Sandy victims to suffer.
Whaaa – – those warm-hearted, pro-gun, pro-execution, pro-“stand your ground” right wingers letting victims (including embryos) suffer and die? Say it isn’t so.
New Jersey governor Chris Christie and New York governor Andrew Cuomo also released a joint statement calling for action, noting that “This failure to come to the aid of Americans following a severe and devastating natural disaster is unprecedented,” and that “The fact that days continue to go by while people suffer, families are out of their homes, and men and women remain jobless and struggling during these harsh winter months is a dereliction of duty.”
Jeez, and you two guys call yourselves Republicans? C’mon, tell your citizens to get some guns and go out and take what they need. Tell ’em to stop asking Big Government to give ’em handouts. Next thing you know, they’ll want food stamps and more unemployment insurance! What sloths!
This is the right wing’s opportunity to stand up for what they believe.
#Monetary Sovereignty - Mitchell 
Why not $1 trillion of NON-Deficit spending. A QE purchase of assets.
“QE4 Disaster Relief- QE4 the people”
Gov Christie, Gov Cuomo, Mayor Bloomberg, Mayor Booker,
and all Governors and Mayors of all States that need Disaster Relief now.
Join forces. Have your four most vocal representatives contact the President, the Sec. of the US Treasury, and Chairman of the Federal Reserve Use the power of social and mass media to help your people NOW.
Have the American financial system rush to the rescue with a generous and flexible legal funding that no other country could match.
Not a bailout.
Not a cost to all the taxpayers.
Not an increase in deficit spending.
Rather a magic economic proven silver bullet, (Bernanke should get Noble for this).
QE! A simple change in direction of doing something for the common bettering of all the people. Especially those in need now.
The present 10 states that are in need are to partake in Quantitative Easing (QE) the economic silver bullet.
“QE- Emergency Relief Bonds of 2013″. State Bonds in the amount of
$1,000,000,000,000 (Trillion) paying .25% interest for 36 years!
Total amount to be issued to be $1 trillion, with a rate of 0.25% for 36 years.
1. The Federal Reserve is to STOP purchasing under QE3 (sometimes called QE Infinity) and PURCHASE this entire issue. It would be a purchase “for the people, for the common bettering of all citizens, rather than for the “private for profit banks” and it would gain revenue, yes increase revenue of $800 billion for the US Treas. instead of private for profit banks (PFPB).
We must rebuild and replace so that it is not in vain. Rather that it be protective. An investment for the future. As one victim stated,”Under todays conditions, it just may be crazy to rebuild a third time for surely there may be a fourth.”
The Fed has already proven that it can do this at a profit to the US Treasury (“we the people”) and with no increase in the debt (it is an asset purchase). The individual states shall divide these funds among themselves depending upon their individual needs.
The states will be able to not only rebuild but also do it smart, so that it will be a protection against a similar future event.
Rebuild homes and factories, giving the people mortgages that are assumable with a rate of 2.5% for a term of 36 years-$500 billion to be made available. That is one-half of the issue. The money would make it possible to not just replace but really to rebuild to a new code and it would be affordable with guaranteed financing.
Since $500 billion becomes an asset worth $1.8 trillion over the next 36 years, it pays back the entire loan. The other $500 billion needs no payments except for where the state would seek them. That other $500 billion may be used to improve the land for the future, roads and transportation, safety against an even greater storm, yes, without an increase in taxation. The loans resulting from the first half ($500 billion) pay back $1.8 trillion, the total loan amount with interest.
Interest on our own money has replaced the need for increase income taxes.
This is possible because “We will be taking the profits from the PFPB and giving those profits back to the “people”.
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Yes, it is a total travesty that this bill wasn’t passed and will have to be totally reintroduced when the new Congress convenes. But, then again, if we’re looking for signs that we Americans allow Plutocracy to govern us, under our very noses, this is surely a sign of it.
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Sounds good. Slightly worse than funding states at zero interest.
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I’m sorry, but it amuses me to watch Superstorm Sandy victims suffer with no federal help, months after the disaster hit.
Average Americans don’t like federal spending? Fine. They don’t get any.
Average Americans reject the facts of Monetary Sovereignty? Fine. They can starve and freeze.
Let them reap what they sow. Let them have the “shared sacrifice” and “fiscal responsibility” they demand.
++++++++++++++++++++++++++++++++++
Incidentally, H.R. 6683: Hurricane Sandy Tax Relief Act of 2012 was also allowed to die, in addition to H.R. 6581: the Hurricane Sandy Recovery and Rebuilding Supplemental Appropriations Act.
In the senate, S. 3655: the Superstorm Sandy Unemployment Relief Act, was allowed to die.
When a bill is introduced in the House or Senate, and the bill is not passed in the current Congress, it dies. Someone must re-introduce the bill in a new Congress, thereby starting the process all over again.
The 112th Congress ran from 3 Jan 2011 to 3 Jan 2013. Any bills introduced in that period (e.g. hurricane relief bills) are now dead.
The 113th Congress began on 3 Jan 2013. Any hurricane relief bills must be reintroduced anew, and go through the approval process, which Boehner may try to slow down or stop.
To become Speaker of the House, you must literally buy the title by contributing the most money of anyone to the Republican Party. The money that Boehner used to buy the Speaker position came from the 1%. He serves them well.
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New Jersey Gov. Chris Christie called his own Republican party “disgusting” for holding up federal relief.
Politicians only call austerity “disgusting” when their own district is at stake.
Christie decried the “selfishness and duplicity,” the “palace intrigue,” “the callous indifference to the people of our state.”
See how the maggots demand austerity, but whine when it affects them personally.
“Unfortunately people are putting politics ahead of their responsibilities. You do the right thing. Enough with all the politics,” Christie said.
For Christie, this only applies to New Jersey. The rest of the nation can die from austerity.
Christie said that when it comes to natural disasters, “We respond as Americans, at least we did until last night. It was disgusting to watch.”
Disgusting indeed. And Christie is as disgusting as any of them.
Too bad that natural disasters do not include economic depressions, which kill and injure far more people than any hurricane.
For people like Christie, economic depressions create an excuse for austerity.
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also, in the case of Christie, in these next few years, i think he’s gonna try to fashion himself as less of a nutjob than his fellow GOP’ers, b/c he has designs on the white house.
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?White House?, perhaps he wouldn’t even qualify for a White Castle franchise.
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