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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.


More agents, fencing may cut illegal immigration by half; Senate bill’s critics not satisfied
By Stephen Dinan-The Washington Times Wednesday, July 3, 2013

Spending $35 billion on new Border Patrol agents and fencing would only stop between a third and half of future illegal immigration, according to the Congressional Budget Office’s (CBO) latest analysis released Wednesday.

Wait! We plan to spend an additional $35 billion to add to the existing wall between Mexico and us?? Is Mexico about to attack us?

If not, what the heck are the cowardly right-wingers so frightened about?

Where else in the world does such a wall of shame exist? O.K., Israel has a wall. But Israel is a tiny country surrounded by big countries that have vowed to destroy it, and in fact repeatedly have tried to destroy it, and Israel daily is attacked by rockets.

But, we are the United States of America, the most powerful nation in the history of the world. And Mexico is militarily weak and makes no threats against our existence. In every sense, Mexico is one of our allies.

So, what the heck are the cowardly right-wingers so frightened about?

Are these the same cowardly right-wingers who feel they need to stockpile guns — semi-automatic, military weapons — to protect themselves against . . . against what?

But it gets worse.

The “CBO estimates that the net inflow would be reduced by between one-third and one-half compared with the projected net inflow under current law.

The CBO also said that the additional legal workers will boost the economy and lead to nearly $1 trillion in new tax revenue over the next 20 years.

Get it? The cowardly right-wingers want to stop the flow of immigrants, and absolutely do not want to provide immigrants a path to citizenship. But additional legal workers will boost the economy.

So, what the heck are the cowardly right-wingers so frightened about?

To win GOP votes, senators accepted an amendment from Republican Sens. Bob Corker of Tennessee and John Hoeven of North Dakota to add fencing and border agents, which will bring the total number of agents on the southwest border to more than 38,400.

The additional security spending will cost $38 billion, the CBO said.

Security experts on all sides of the immigration debate have cast doubt on the efficacy of doubling the size of the Border Patrol, saying the return on investment is rather low.

The cowardly right-wingers are firmly against addition government spending for frivolous things like Social Security, Medicare, Medicaid, food stamps, other poverty programs, food & drug inspection and bank supervision.

But there is $38 billion available to protect us from that dangerous, implacable bully, Mexico.

Visualize us citizens of the United States of America, all carrying guns (Thanks, NRA) and cowering behind our wall, protected from attacks by Mexico. And visualize us protected from the immigrants who would boost our economy.

I feel so much safer now. But I have one question:

Who will protect us from the cowardly right-wingers?

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. 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