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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.
Whenever I feel the need for a laugh, I write to one of my Senators. Being busy guys, their responses come in the form of stock letters, selected by low-paid kids, who probably have stars in their eyes from working with a SENATOR!
If you have an iPhone, you probably laugh at some of the responses you receive from Ciri. Senatorial responses are just about as intelligent, but the following is one of the better ones. It should brighten your day.
I wrote to Senator Dick Durbin (D – IL), asking why not one top-level criminal banker has been prosecuted, much less convicted. (I already knew the answer: They have bribed the President with campaign contributions and promises of lucrative gigs later).
Here is the complete text of Senator Durbin’s response:
Mr. Rodger Name.
Dear Mr. Name.:
Punctuation errors aside, my name is not “Name,” but I do appreciate the almost personalization.
Thank you for your message about President Obama. I appreciate hearing from you.
President Obama took office facing a financial market meltdown, an economy in tatters, and two wars. He has taken bold action to address our economic challenges and is charting a new course in our foreign policy.
Somehow, “bold action” and “Obama” (the great compromiser) don’t seem to go together.
Anyway, the economy still is in tatters, because of deficit reduction, and we continue fighting two wars which cannot be won, never will end, destroy thousands of lives and always seem to require ever greater erosion of our freedoms: The war on terror and the war on drugs.
As for the “new course in our foreign policy,” exactly what is our foreign policy regarding China? Russia? Iran? Iraq? Libya? Israel? Syria? Pakistan? Mexico? Afghanistan? Do we have a foreign policy, anywhere?
He is also establishing a new level of transparency and accountability in the federal government . . .
“Transparency and accountability”? Is this a riot? Didn’t Durbin update his letters after the NSA scandal broke? Yes, there’s a “new level” of transparency. A new low level. Just ask Edward Snowden.
. . . while taking meaningful steps to alleviate our debt.
Obama has “alleviated” government debt (which is too low), by widening the gap between the rich and the rest. Increase FICA. Cut Social Security. Fire federal workers. Cut infrastructure spending. Cut spending on scientific R&D. So many “meaningful steps” of which to be proud.
He has defended the rights of our service members and helped to provide the necessary equipment and funding to care for our veterans.
Does Durbin live in the U.S.?
VA Healthcare System Failing Veterans, Study Says
March 28, 2013
Military veterans experience “excessive wait time” for medical care, leading to higher incidences of preventable hospitalizations and death, according to a scientific research council.
Drawing on the findings of recent government and scholarly studies, a report issued this week by the Institute of Medicine paints a picture of a healthcare system that is understaffed, undertrained, and inaccessible.
But Durbin’s letter gets even funnier:
A President may be impeached and removed from office when accused of unlawful activity. President Obama has not been accused of unlawful activity.
Huh? My note said nothing about impeaching the President. Where did this response come from?
My guess: Durbin has received so many letters saying Obama should be impeached, he simply added this blanket denial to all his responses.
It’s like the kid telling his mother he did not put the fork in the toaster, when she didn’t even know there was a fork in the toaster.
It is essential that we all work together in a cooperative and bipartisan way for the good of Illinois and the nation. For too long, the political arena has been plagued by polarizing words and a lack of willingness to compromise. President Obama has shown that he is willing to work for the betterment of this nation. It is my hope that we can usher in a new era of civility and bipartisanship.
Ah yes, Obama’s bipartisanship and compromise — not strong, effective leadership or compassion for the middle- and lower-classes.
It was bipartisanship and compromise, not leadership, that brought us the sequester, the FICA increase and the NSA disaster. It’s comforting to know the Compromiser in Chief is at the helm.
Thank you again for contacting me. Please feel free to keep in touch.
Richard J. Durbin
United States Senator
Senator, I hate to mention it, but you forgot to respond to my message, which asked why the President refuses to prosecute criminal banksters. Strangely, you seem to have avoided the subject.
But I will contact you again, next time I need a laugh — or a cry.
Rodger Malcolm Mitchell
Nine Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
3. Send every American citizen an annual check for $5,000 or give every state $5,000 per capita (Click here)
4. Free education (including post-grad) for everyone. Click here
5. Salary for attending school (Click here)
6. Eliminate corporate taxes (Click here)
7. Increase the standard income tax deduction annually
8. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)
9. Federal ownership of all banks (Click here)
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
THE RECESSION CLOCK
As the lines drop, we approach recession, which will be cured only when the lines rise.