Twitter: @rodgermitchell; Search #monetarysovereignty
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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 ultimately 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.

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Having lost the most recent election, the Republicans know they must change their bigoted, cynical, obstructionist, anti-young, anti-poor, anti-immigrant, anti-black, anti-Latino, anti-gay, anti-elderly, anti-women image.

We discussed this in the previous post, The Republican plan to win the election and save America.

Here are excerpts from an article to show the Republicans now have learned their lesson:

TPMDC
House Republicans Quietly Return To Budget Stand-Off Mode, Renew Risk Of Government Shutdown
BRIAN BEUTLER JUNE 5, 2013

House Republicans have quietly returned to the stand-off driven approach to budgeting and must-pass legislation that was their hallmark before President Obama’s re-election.

(The new) blueprint calls for enormous cuts to spending on everything from science research to education to health care, in order to rescue the Defense Department and other politically favored agencies from the ravages of sequestration.

The alternative to cutting research, education healthcare, etc., etc. would have been to end sequestration. But ending sequestration does not advance the Republicans’ real goal: Appeasing the upper 1% income group by widening the gap between the rich and the rest.

“What the Republican did was cynically use the rule on a bill that will provide spending for our veterans — which is something we all support — to slash the part of the budget the funds our kids’ education and our investments and treatments and cures for cancer and other diseases. Slash that budget by over 20 percent below the sequester,” explained Rep. Chris Van Hollen (D-MD) — House Dems’ top budget guy.

Republican top priorities: Making war (to reward the rich owners of the weapons industry). Bottom of the list: Education, retirement and health care.

“The overall spending level is at the sequester levels,” Van Hollen added. “The veterans bill is going to be funded at pre-sequester levels. That’s going to be funding at a healthy level as if sequestration did not exist. And they’re going to do that for defense…. It means you’re cutting other parts of the budget below sequester level.

The Obama administration has threatened to veto this bill unless it’s ultimately included in a broader effort to set the rest of the budget right. In other words, no special treatment for Veterans Affairs or the Pentagon, particularly if it comes at the expense of other spending priorities.

Ironically, strong bipartisan showings for individual GOP-backed spending bills — for veterans, the Pentagon, etc. — will make it harder for Obama to sustain his veto threats.

Get it? The Republicans will propose spending that is widely favored, but which will use up the money that was supposed to be reserved for the social programs that benefit the young, the poor, the immigrants, the blacks, the Latinos, the gays, the elderly and the women — programs already cut by the sequester.

If Obama tries to veto, he will have to veto popular and worthwhile programs, so Congress will be forced to override his veto. Even if Obama is successful, the Republicans will claim the President doesn’t care about veterans and soldiers.

Gotcha!

And this is how the Republicans have changed their image.

(Of course, a small part if this is the Democrat’s fault. They too voted for the sequester. That monstrously harmful law opens the door to monstrous evil against the 99%, and the Republicans always are happy to step through that door.)

Rodger Malcolm Mitchell
Monetary Sovereignty

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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. Click here
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%

10 Steps to Economic Misery: (Click here:)
1. Maintain or increase the FICA tax..
2. Spread the myth Social Security, Medicare and the U.S. government are insolvent.
3. Cut federal employment in the military, post office, other federal agencies.
4. Broaden the income tax base so more lower income people will pay.
5. Cut financial assistance to the states.
6. Spread the myth federal taxes pay for federal spending.
7. Allow banks to trade for their own accounts; save them when their investments go sour.
8. Never prosecute any banker for criminal activity.
9. Nominate arch conservatives to the Supreme Court.
10. Reduce the federal deficit and debt

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:
1. Federal Deficits – Net Imports = Net Private Savings
2. Gross Domestic Product = Federal Spending + Private Investment and Consumption – Net Imports

#MONETARY SOVEREIGNTY