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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At last, a right-wing alternative to Obamacare.

Let’s begin with fundamentals: Why is the federal government involved in health care insurance? Why do we have Medicare? Why do we have Medicaid? Why do we have Obamacare?

Answers:

1. Health care is vital to America’s survival and growth as a leader in the 21st century.
2. The costs of even ordinary health care are beyond affordability for most Americans.
3. The costs of extreme sicknesses would bankrupt most Americans.

Only because Obamacare is a product of Democrats, Republicans have gone all in to eliminate Romneycare — (oops!) — I mean eliminate Obamacare.

So angry are they at Romneycare, i.e. Obamacare, that they want to shut down the entire U.S. government if they don’t get their way. In short, to protect Americans, Republicans threaten to destroy America.

The costs of health care insurance are unaffordable for the vast majority of families. So, what is Republican Senator Ted Cruz’s solution? Make people pay for their own health care insurance. Understand?

Washington Times
Ted Cruz doubles down on threat to defund Obamacare, proposes alternatives
By Tom Howell, Jr., Sunday, August 25, 2013

He said that Americans should be allowed to build up health savings accounts in a tax-advantaged way, that health coverage should be “personal and portable” and divorced from employment and that consumers should be allowed to purchase health insurance across state lines instead of isolating policy options within individual states.

Let’s examine the genius of these suggestions:

1. Build up health savings accounts in a tax-advantaged way: The poorest among us, i.e. those in most need of government funded health care insurance, don’t pay much or anything in federal taxes.

And even a “tax-advantaged” plan would be unaffordable to those just scraping by, financially, although the rich would love such a program.

Finally, because the Republicans are dead set against any increases in federal deficit spending, whom do they suggest should pay for the “tax advantaged” plan? Certainly not the rich.

2. Health coverage should be ‘personal and portable’ and divorced from employment: Divorcing health insurance coverage from employment is a good idea except, how does that solve the unaffordability problem for the middle- and lower-income groups?

All it means it that businesses no long would have to pay for health care insurance.

3. Consumers should be allowed to purchase health insurance across state lines: In Sen. Cruz’s imagination, this would increase competition, and thus, reduce insurance premiums.

Essentially, it also would eliminate effective regulation of the insurance industry, since it would be physically impossible for any state regulator to examine every policy from every state.

It also would be impossible for any consumer to evaluate thousands of insurance companies. Because the right-wingers oppose regulation, this would be a boon to every crooked insurance seller, and so be a boon to rich crooks. And that is the point, isn’t it?

And, I dare you to try making a claim for damages or benefits from an Alaskan company, when you live in Florida. But of course, that also is the point. Rich insurance executives don’t like claims.

Bottom line: The right-wing “solutions” benefit the rich, screw the middle and widen the wealth gap.

Did you think it could be any other way?

Not that Obamacare (Romneycare) is so wonderful. It isn’t. In fact it’s terrible. It’s a complex, convoluted mess, that will make lawyers rich and sick people confused.

But on balance, it is a tiny step forward for America, as it provides more coverage to many people who now don’t have coverage.

What would be a big step forward? Medicare for every man, woman and child in America.

Medicare works. Americans on Medicare like it. It’s simple enough to understand and it’s a Godsend for the middle- and lower-income groups

We know how to do it. We have almost 50 years experience implementing the program.

And the federal government can afford it.

Yes, Obamacare (Romneycare) is a lousy plan. Way too complex, and filled with exceptions, making it universally unfair. But it’s far, far superior to the right-wing’s “reward-the-rich, screw-everyone-else” proposals.

In a sense Obamacare reflects our democratic from of government — really bad, but still better than other forms of government.

Rodger Malcolm Mitchell
Monetary Sovereignty

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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
Monetary Sovereignty Monetary Sovereignty

As the lines drop, we approach recession, which will be cured only when the lines rise.

#MONETARY SOVEREIGNTY