●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 motive.
Opponents mark Obamacare’s third anniversary with lobbying surge
By David Morgan, Reuters
Medical device makers, health insurers, retailers and restaurants are waging what lobbyists call a coordinated effort to gain Senate Democratic support for overturning $130 billion in taxes that will be used to fund the new law, and repealing a mandate requiring employers to provide insurance coverage for full-time workers or pay a fine.
In one short paragraph, we see the decline and the fall of the American empire.
In a Monetarily Sovereign nation, government taxes do not fund government spending, so do not fund the health care law. ” . . . taxes that will be used to fund the new law. . . ” is a lie, paid for by the rich and promulgated by the politicians and the media — both owned by the rich.
Further, no nation should require the private sector to pay for health care. Health is the most fundamental need of a population. What good is a government that cannot provide it?
A nation that refuses care to all, the rich and the poor, cannot claim the respect of history. This generation’s legacy will be of ignorance, meanness and failure. For lack of health, we will descend into a “Dark Ages.”
Thus, does the gap widen. Even now, there is a mad rush among doctors to switch to boutique practices, requiring annual flat payments, often unaffordable to the masses.
Soon, only the wealthiest will have effective health care. The rest will see their health decline to poverty levels. We and our children will live sicker and die sooner.
At issue are a 2.3 percent tax on medical devices valued at $30 billion over the next 10 years, a $100 billion health insurance premium tax and the employer mandate, which opponents say could cripple many small business with costly fines.
The federal government easily can and absolutely should provide Medicare for every man, woman and child in America — a Medicare that pays for drugs, doctor bills and hospital bills as well as long term care.
Like elementary education, this care should be free to everyone, not just to the rich.
No only is this the only civilized approach to America’s health, but the payments would stimulate America’s economy.
It is a lie, a dirty lie, a monstrous lie that our Monetarily Sovereign nation, which has the unlimited ability to pay any bill of any size, cannot “afford” to provide health to its citizens.
The rich have poured dollars on the politicians and the media, who in turn have poured flaming gasoline on the public. America burns while the rich call the tune, and fiddle.
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