●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.
[Slow slicing (Lingchi)] Death by a thousand cuts: In this form of execution, the condemned person was killed by using a knife to methodically remove portions of the body over an extended period of time. Wikipedia)
The richest 1% wish to cut federal spending. They claim “big government” is bad. Why? No one knows.
However, we do know the vast majority of federal spending benefits the 99%. The 1% wish to widen the gap between them and the 99%. It is the gap that makes the 1% rich and powerful. Without the gap, no one would be rich, and the greater the gap, the greater the power of the rich — and the gap has been growing.
[Wikipedia: A “Gini” coefficient of zero expresses perfect equality, where everyone has an exactly equal income. A coefficient of 100 expresses maximal inequality, where only one person has all the income)]
So, at the behest of the 1%, we cut Social Security; cut Medicare; cut aid to education; cut anti-poverty initiatives; cut the military; cut science; cut research and development; cut bank, food and drug regulation. Each day, little pieces are cut from America’s greatness.
And now, another little piece of America is cut:
Postal Service plans to end Saturday mail delivery by August
Posted by Ed O’Keefe on February 6, 2013
The financially struggling U.S. Postal Service announced Wednesday that it plans to stop delivering mail on Saturdays — but will continue delivering packages — starting Aug. 1. The move will save about $2 billion a year for the postal service, The Postal Service said that it suffered a $15.9 billion net loss for fiscal 2012, which ended Sept. 30. That’s three times the loss recorded a year earlier.
Though the Postal Service is a quasi-governmental, self-funding entity, its worker compensation and retirement plans are tied to the federal budget.
Is the Postal Service “financially struggling.” Yes, because Congress has forced it to struggle. The Postal Service is an agency of our Monetarily Sovereign government. Because the federal government never can run short of dollars, no agency of the federal government will run short of dollars, unless Congress deliberately makes that happen.
What will the $2 billion savings accomplish? Not much, against a $15.9 billion annual loss. But it will reduce Postal Service employment and payroll. Impoverishing the 99% is the easiest way to widen the gap, and that is the real goal of the rich.
Will the U.S. suffer great harm from “no-mail-on-Saturdays“? No, this is just one more small slice in the death by a thousand cuts our once-great nation suffers at the hands of the wealthy. Diminishing the people is how the wealthy maintain and grow their power.
A majority of Americans support ending Saturday mail, according to national polls conducted in recent years, and President Obama has proposed halting deliveries as part of his budget-cutting proposals.
Why would a majority of Americans want less mail delivery? There is but one reason. They have been brainwashed by the wealthy into believing the Postal Service needs to be “cut in order to save it”. Does that sound familiar?
It should, because it’s the mantra of the rich: “Social Security needs to be cut in order to save it.” “Medicare needs to be cut in order to save it.” “Aid to the poor needs to be cut in order to save it.”
According to the politicians and the media, all controlled by the rich, benefits to the middle- and lower-classes need to be cut in order to “save” them. That is what the 99% has been told and that is what they believe. If you are part of the 99%, why do you believe what the media and politicians tell you?
The gap grows. as America diminishes. The rich do not diminish. Only the 99% diminish. Bit by bit. Slice by slice by slice. . .
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