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●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.
You might expect the U.S. government to do everything possible to make the U.S. more competitive and to grow our economy. Here’s a hint at what that would require:
Blue-collar jobs that require science, maths skills on the rise
7/22/13, Dan Zehr, Austin American-statesman
A Brookings Institution study released last month reports that the number of jobs requiring proficiency in science, technology, engineering or math — the STEM fields — is much larger than previously considered.
U.S. employers provided 26 million such jobs in 2011 — about 20 percent of the country’s nonfarm job base.
Machinists often rely on specialized computere programming and math skills to operate modern manufacturing equipment. Those skills are as STEM-intensive as those used by website programmers.
Based on the way the world has changed, you might expect the U.S. government to do everything possible to facilitate education in America, including higher education.
How wrong you would be.
The federal government essentially has washed its hands of educational responsibility (other than passing counter-productive laws like “No Child Left Behind,” that burden the educational system and require families to pay for education.)
Grades 1-12 mostly are financed by local governments, which are monetarily non-sovereign, and so are financially pressed. Local governments are supported by local taxes, which are paid by families.
Grades 13+ are financed directly by families or via local taxes paid by families.
In America, the educational system emphasizes your ability to pay. The wealthier you are, the better are your educational opportunities.
Not only does the U.S. government fail to support education, it actively discourages education:
Senators reach deal on student loan interest rates
Susan Davis, USA TODAY July 17, 2013
A Senate deal would offer students lower interest rates through the 2015 academic year, but then rates would likely climb higher than they were when students left campus this spring.
The interest rates would be linked to the financial markets, but Democrats won a protection for students that rates would never climb higher than 8.25% for undergraduate students. Graduate students would not pay rates higher than 9.5%, and parents’ rates would top out at 10.5%.
This is a great “victory” for the Democrats?? Rates as high as 10.5%!!
I have one simple question:
Why the hell does a Monetarily Sovereign government, with the unlimited ability to create dollars — a government that should grow America and make America more competitive — why does that government charge students interest on loans to pay for the education we need, more than ever, to make America prosper?
Rather than forcing cash-strapped local governments and cash-strapped families, to pay for education (plus onerous interest), why doesn’t the federal government encourage education by paying for it?
Why does the federal government do everything possible to discourage education in America?
It doesn’t. The federal government does not discourage all education; it only discourages the education of middle class and poor families.
The middle-classes get stuck with high interest payments on loans so restrictive they can’t even be discharged in bankruptcy. The lower-classes get stuck with bad schools.
Rich families have no difficulty gaining the best educations, and thus, achieving the best, most powerful, leadership jobs. Rich families don’t care about student loan interest rates.
This situation isn’t accidental. It is intentional. The politicians are bribed by the rich (via campaign contributions and promises of lucrative employment) to widen the income gap between the rich and the rest.
The rich do not want the middle and the poor to be educated. The rich want to maintain a ready supply of a servant class. They want hoards beholden for their daily bread. They want power over the rest.
Being Monetarily Sovereign, the government could pay for schooling and student salaries without charging taxpayers one cent.
But that won’t happen so long as the middle- and lower-classes are brainwashed into believing federal taxes pay for federal spending and government spending should be reduced.
If the government paid for all aspects of education, America’s best and brightest — rich or not — would lead America to greater prosperity for all.
But, if the non-rich are happy to be docile draft animals, the rich will keep riding and the rest will keep struggling in ignorance.
Why educate them, when they’d rather be whipped?
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. 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