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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’ve heard about slime balls who, in a jealous rage, murder the one they claim to love, while saying something like: “If I can’t have you, nobody will.”
Sometimes women stay with guys who threaten to kill them for years, hoping the guys really do love them. But in the end, the slime balls kill the women.
Keep that picture in your mind as you read excerpts from an article in the New York Times:
House G.O.P. Sets New Offensive on Obama Goals
By JONATHAN WEISMAN, Published: July 23, 2013
On Tuesday, a House Appropriations subcommittee formally drafted legislation that would cut the Environmental Protection Agency’s budget by 34 percent and eliminate (President Obama’s) newly announced greenhouse gas regulations.
Translation: Until you vote Republican, you don’t deserve a clean environment, and your world will have to continue warming, unabated.
The bill cuts financing for the national endowments for the arts and the humanities in half and the Fish and Wildlife Service by 27 percent.
Translation: Until you vote Republican, your fine artists, musicians, actors, and studies of languages, history, anthropology, etc. will get no help from us. Who needs that stuff, anyway. It’s better that you remain ignorant.
Mr. Obama requested nearly $3 billion for renewable energy and energy efficiency programs. The House approved $826 million.
Senate Democrats want to give $380 million to ARPA-E, an advanced research program for energy. The House allocated $70 million.
Translation: Until you vote Republican, Americans do not deserve renewable energy or energy efficiency. We Republicans are paid by the oil companies, which are satisfied with the way things are, thank you.
(Republicans introduced a bill) to eliminate the Corporation for Public Broadcasting.
Translation: You lowlifes only care about gospel, Latin and rap music anyway, so why would you care about Public Broadcasting?
(In a Republican bill,) education grants for poor students will be cut by 16 percent and the Labor Department by 13 percent, according to House Republican aides.
Translation: Take your choice. Either screw poor students or . . . screw poor students. They’re all “Takers,” anyway.
Republicans are circulating a letter to Senator Harry Reid of Nevada, the majority leader, warning they will not approve any spending measure to keep the government operating after Sept. 30 if it devotes a penny to put in place Mr. Obama’s health care law.
Signers so far include the No. 2 and No. 3 Republican senators, John Cornyn of Texas and John Thune of South Dakota, as well as one of the party’s rising stars, Marco Rubio of Florida.
Translation: We’ll shut down the United States government if you don’t let us screw the American public. So there! Rubio is with us on this.
“It’s about time we cut some spending around here,” said Representative Paul D. Ryan of Wisconsin, chairman of the House Budget Committee.
Translation: I have no idea what I’m talking about, but I like to sound tough. You may care how many innocent Americans I hurt, but my followers and I don’t.
Mr. Obama has said he will not negotiate terms to raise the debt ceiling, but Congressional Republicans say they will not let the deadline pass without concessions, either on changes to entitlement programs like Medicare or on some statutory timeline to put in place a sweeping overhaul of the tax code next year.
Translation: Here’s another choice: Either screw Medicare recipients (most of whom are not among the very rich) or screw the middle and lower income groups (by “broadening” the tax base and lowering rates on the rich), or we’ll just screw the entire country.
The House transportation and housing bill for fiscal 2014 cuts from $3.3 billion to $1.7 billion the financing for Community Development Block Grants, which go mainly to large cities and urban counties for housing and social programs, largely for the poor. That level is below the number secured by President Gerald R. Ford when he created the program.
Translation: We don’t get any votes from the poor anyway.
The Securities and Exchange Commission, which has been flexing its muscle against hedge fund managers and insider trading schemes, would see financing cut 18 percent from the current level.
Translation: Hedge fund managers and inside traders are rich. They contribute big dollars. Why would we want to penalize them?
House lawmakers are slashing spending on the National Labor Relations Board.
Translation: The NLRB investigates unfair labor practices. Hey, our rich business owners are the ones engaged in those unfair labor practices. We love those guys.
Under other House legislation, the budget for the Internal Revenue Service would be cut by 24 percent, Amtrak would lose a third of its financing, and clean water grants from the Environmental Protection Agency would be slashed by 83 percent.
Translation: America doesn’t need train service. Rich people don’t ride trains.
And you people don’t need clean water. Rich people drink bottled water.
And if we cut the IRS, you’ll find it easier to cheat on your taxes. Oh? You don’t cheat on your taxes? It’s the rich people who do most of the tax cheating? So, what’s your point?
Republican message to America: “If I can’t have you, nobody will. I will kill you. Actually, even if I have you, I’ll kill you. Why?
“I’m in love with a rich woman.”
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