●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.
Sandy Relief Passes House Despite Conservative Opposition
Posted: Updated: 01/16/2013
A measure providing $51 billion for relief and recovery from Hurricane Sandy was approved by a bipartisan majority in the House on Tuesday evening, three weeks after Northeast Republicans excoriated the chamber’s GOP leaders for failing to vote on storm aid before the end of the last Congress.
Translation: “‘Big Government’ and federal spending should be cut . . . er, ah . . . except when I need Big Government, and the spending benefits me.
An amendment to the relief package introduced by Tea Party-allied conservatives requiring across-the-board cuts to defense and domestic programs to pay for $17 billion of storm aid was supported by a majority of Republicans, but was defeated 258-162 with a combination of GOP and Democratic votes. The full $51 billion relief bill passed the House 241-180, with 179 Republicans opposed.
Translation: The majority of us Republicans live outside the area devastated by the hurricane, so why should we care about those people? Let them solve their own problems.
“There’s clearly a federal responsibility to act,” said Rep. Tom Cole (R-Okla.). “We have a national interest in getting this region on its feet as quickly as possible.”
Translation: “I am one of the few Republicans who recognizes “there is a national interest” in helping the northeast. However, as a Republican, I know there is not a national interest in helping poor people, retired people, old people, sick people, homeless people, unemployed people and people needing roads, bridges, dams, and an education. We should cut all their benefits. They’re all sloths.
“We don’t have enough money to take care of our own people. That’s wrong,” Rep. Mick Mulvaney (R-S.C.), a member of the House Tea Party Caucus said. “Our government is facing a fiscal crisis.”
Translation: “Our Monetarily Sovereign government, which has the infinite ability to create money, is running out of the money it has the infinite ability to create. Just trust me on this. I learned it from George Orwell.
I receive small (i.e. big) campaign contributions (i.e. bribes) to vote for more and deeper austerity (i.e. recessions.) I am loyal to (i.e. bought and paid for by) the upper 1% income group to widen the gap between the rich and the rest.
“Please don’t ask me who ‘our own people’ refers to. It’s a riddle, wrapped in a mystery, inside a Tea Party.
No previous disaster relief bill has required offsetting spending cuts, and Cole called it “hypocritical” for lawmakers whose districts have benefitted from federal aid after previous disasters to require sweeping spending cuts in order to authorize the storm aid. “We have never done that in the past in a disaster, and we certainly shouldn’t do so now,” Cole said.
More than two-thirds of Republicans backed the amendment, but it was defeated with a combination of GOP and Democratic votes.
Translation: “A third of us care about (i.e. scarcely tolerate) you middle- and lower-income-class people (i.e. sloths) – if you live in our districts and can vote for us and give us money. Let’s face it; why else would we need you?”
I’m not sure the Republican party can become any crazier or more mean-spirited. Founded in 1854 by moral people who hated slavery, it now is dominated by: people hating former slaves, hating immigrants and hating the poor- and middle-income classes And lest you believe there is no love in their stone hearts, they love guns, love Michele Bachmann and love Fox News.
Lincoln, the first Republican President, would be shocked and dismayed at what has become of his party.
Rodger Malcolm Mitchell
Nine Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Medicare — parts A, B & D — for everyone
3. Send every American citizen an annual check for $5,000 or give every state $5,000 per capita (Click here)
4. Long-term nursing care for everyone
5. Free education (including post-grad) for everyone
6. Salary for attending school (Click here)
7. Eliminate corporate taxes
8. Increase the standard income tax deduction annually
9. Increase federal spending on the myriad initiatives that benefit America’s 99%
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 Imports