●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.
●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.
●Everything in economics devolves to motivation.
Readers of this blog know the upper 1% income group wants to increase the gap between them and the 99%, because it is the gap that gives them power. Without the gap, there would be no 1%, and the greater the gap, the greater their power over you.
So, to widen the gap, the 1% pays politicians (via campaign contributions and promises of lucrative jobs later) to lie about the need for austerity. Further, the 1% owns the media, to promulgate the politicians lies.
Here are further examples of political lying on behalf of the 1%, as reported in the media.
Top G.O.P. Donors Seek Greater Say in Senate Races
By JEFF ZELENY
Published: February 2, 2013
COUNCIL BLUFFS, Iowa — The biggest donors in the Republican Party are financing a new group to recruit seasoned candidates and protect Senate incumbents from challenges by far-right conservatives and Tea Party enthusiasts who Republican leaders worry could complicate the party’s efforts to win control of the Senate.
The right wing has no objection to Tea Party lies and nutty statements. But, losing elections because voters recognized Tea Party lies and nuttiness — that’s what the right wing objects to.
According to the Supreme Court’s Citizens United decision, corporations are people and money does not buy elections. Someone forgot to tell the politicians, who continue to sell their souls for dollars. And even this inferior Supreme Court cannot deny that money does buy nominations.
“There is a broad concern about having blown a significant number of races because the wrong candidates were selected,” said Steven J. Law, the president of American Crossroads, the “super PAC” creating the new project. “We don’t view ourselves as being in the incumbent protection business, but we want to pick the most conservative candidate who can win.”
Excuse me, but aren’t the voters supposed to pick their candidates via the primaries? Isn’t that what primaries are for? The voters have been brainwashed into surrendering their rights to the upper 1% income group.
The Conservative Victory Project, which is backed by Karl Rove and his allies who built American Crossroads into the largest Republican super PAC of the 2012 election cycle, will start by intensely vetting prospective contenders for Congressional races to try to weed out candidates who are seen as too flawed to win general elections.
The primaries are supposed to “weed out.” However, the richest 1% have taken that privilege from the voters, who don’t seem to care at all.
The group’s plans, which were outlined for the first time last week in an interview with Mr. Law, call for hard-edge campaign tactics, including television advertising, against candidates whom party leaders see as unelectable and a drag on the efforts to win the Senate.
The upper 1% income group, who lost using candidate selection, voter suppression and hard-edge campaign tactics last year, now plan to use exactly the same system next year. But stealing your voting rights in primaries and national elections is not sufficient for the 1%. They also want to steal the dollars from your pocket.
Obama said the government can cut health-care costs, though he added that unspecified “loopholes” and deductions should also be tightened or closed.
If Obama had said the world is flat, he could not have told a bigger lie than his statement that the U.S. needs revenue. Being Monetarily Sovereign, the U.S. never can run short of dollars to pay its bills. NEVER.
Obama knows this. So why does he say it? Why does he stand in front of you and unashamedly lie, lie, lie? Because as a politician, he is bought and paid for by the upper 1% income group. Those people want spending cuts, because the vast majority of federal spending benefits the lower 99%.
The 1% wants to cut health care costs, because those costs will be borne by hospitals, nurses and other hospital employees — and by you. As for doctors, the best have begun to switch away from Medicare into more expensive “concierge” services, allowing the 1% to receive the finest care, and leaving the rest of us to scramble for medical coverage.
Wikipedia: “The concept of concierge medicine has been accused of promoting a two-tiered health system that favors the wealthy, limits the number of physicians to care for those who cannot afford it, and burdens the middle and lower class with a higher cost of insurance. Detractors contend that while this approach is more lucrative for some physicians and makes care more convenient for their patients, it makes care less accessible for other patients who cannot afford (or choose not) to pay the required membership fees.
Concierge medicine would not exist were in not for Medicare’s squeezing payments to doctors. This is called “austerity,” and the politicians have convinced you it is necessary to “save” Medicare.
And yes, President Obama gives lip service to “tightening deductions,” but that is just misdirection. First, in a Monetarily Sovereign nation, “tightening deductions” is wholly unnecessary. And second, the 1% has a long history of bribing Congress to build in special exceptions to the “tightening.”
The real goal of austerity is to cut the income of middle class people. Raising FICA was just one in a series of efforts to impoverish the middle- and lower-classes, the purpose being to widen the gap between the rich and the rest.
The wider the gap, the greater is the power the rich have over you. The irony is, you help them to do it. And, when someone reveals the truth, you deny it.
Wake up, America. The rich are stealing your lives and your children’s futures. And you have been aiding and abetting the crime against you.
Why do you do it? Just asking.
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