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.
●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.


Low-Income Tennesseans Resort To ‘Health Care Lottery’ For Coverage
By Tara Culp-Ressler on Mar 25, 2013 at 12:15 pm

Twice a year, Tennessee holds a health care lottery that gives some hope to the uninsured residents in the state who can’t afford health coverage. Tennesseans who meet certain requirements — in addition to falling below a certain income threshold, they must be elderly, blind, disabled, or a caretaker of a child who qualifies for Medicaid.

A lottery? Really? A lottery?

You live in the world’s richest nation, but you need to win a lottery to get good health care?! Why? Obama, the Republicans and the Democrats all agree America, despite being the world’s richest nation, is “broke” (John Boehner’s word) — though not too broke to pay for Boehner’s health insurance.

State residents who have high medical bills but would not normally qualify for Medicaid, the government health care program for the poor, can call a state phone line and request an application. But the window is tight — the line shuts down after 2,500 calls, typically within an hour — and the demand is so high that it is difficult to get through.

“It’s like the Oklahoma land rush for an hour,” said Russell Overby, a lawyer with the Legal Aid Society in Nashville. “We encourage people to use multiple phones and to dial and dial and dial.”

This is how the world’s richest nation, a nation that never can run short of its sovereign currency, the dollar, copes with a shortage of dollars: Multiple phones and dial and dial.

Some warn us that if the government “prints” dollars, we’ll have inflation. They are responsible for this phony shortage of health care — in the world’s richest nation. Oddly, other nations that are not so rich as our rich nation, have far more inclusive health care — and amazingly have avoided that dreaded inflation. (They must never have heard of Germany and Zimbabwe.)

Apparently, in those nations, the inflation hand-wringers are somewhat less influential.

The phone line opened at 6 p.m. on Thursday for the first time in six months. At 5:58, Ida Gordon of Nashville picked up her cordless phone and started dialing. She is uninsured, with crippling arthritis and a few recent trips to the emergency room haunting her.

“I don’t ask for that much,” Ms. Gordon said as she got her first busy signal, hanging up and fruitlessly trying again, and then again. “I just want some insurance.”

If Tennessee Gov. Bill Haslan (R) opted to expand Medicaid under Obamacare, more than 180,000 people would be able to be added to the TennCare rolls by 2019. Haslan has not yet decided whether Tennessee will accept Obamacare’s optional expansion of the Medicaid program.

Hey, Governor Haslan, who cares about the poor and crippled? They should learn to be more self-sufficient. And remember, the richest nation on earth can’t afford health care for all its citizens. Zimbabwe, you know.

Many Republicans still aren’t willing to cooperate with the health reform law whatsoever — even going so far as to suggest that Obamacare will “degrade” or “destroy” what is already the “best health care system the world has ever known.”

Yes, the best healthcare system, if you’re not sick, poor or aged.

Yes, in the richest nation in the world, we have “the best health care system the world ever has known” — except for a few other “less-great” nations that provide care for all their citizens.

But that would be socialism, or cause inflation, or turn people into sloths, and anyway, the debt is too high and the U.S. is broke. Simply pick your excuse for widening the gap between the rich and the middle class.

The millions of poor, sick, suffering, aged, indigent people, who cannot afford health care, should be thankful they live in the richest nation in the world (The one that’s “broke”).

Remember, no one is better than the U.S. at . . . er, uh . . . avoiding inflation, increasing the gap and lying to the public about the need to cut the deficit.

Rodger Malcolm Mitchell
Monetary Sovereignty


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