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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.
For those over 65, health care coverage is relatively easy. Basic Medicare contains Parts A and B. In general, Part A covers hospital care and Part B covers doctor care. The government provides a good information site at Medicare
Most doctors and hospitals accept Medicare (though lately, some doctors have opted out.) It covers most medical problems and is effortless. The doctor and the hospital submit all the bills. The bills are paid, and you pay what Medicare doesn’t pay — often about 20%.
If you want more complete coverage, the government makes things more difficult. You must select and buy a Medicare supplement (“Medigap”) policy, of which there are many choices.
To help you select the best Medigap policy, the government operates an excellent site at Medigap. Go there and experiment with it.
I have a Medicap policy. I seldom receive a payable bill (just confirmations of payments made). In our family, we have had several operations costing many, many thousands of dollars. Medicare + Medigap has covered almost everything.
If additionally, you want drug cost coverage (Medicare, Part D), the government makes things even more difficult, though still intelligible. You must find and buy yet another policy. Again, you must spend extra, and the coverage has gaps, but in the past two years, my Walgreens’ prescription bills have been $0.
If you’re not eligible for Medicare, and you don’t have coverage through your employer, things get dicey. The government’s official site is at “How does the healthcare law protect me?” Check it out.
Although this site is a serious attempt to take you step-by-step through the Affordable Care Act, there are so many “if — thens,” the total of variables is exceeded in complexity only by quantum chromodynamics.
And it still could cost you a bundle (depending on where you live, what illnesses you have, how many children you support, whether or not you’re married, how much you earn, and the number of grains of sand on your local beach). The easy is made difficult; the difficult is made impossible; and coverage still isn’t complete or affordable for everyone.
Back in 2000, the World Health Organization (WHO) ranked the United States health care system 37th out of 191 nations. Things have changed since then, and one can argue forever about the criteria for the “best” and “worst” systems, but clearly, the United States has not had the world’s best health care, as so many of us wrongly believe. Not even close. And it’s our own fault.
The government could make U.S. health care easy, complete and superior. Simply combine Parts A, B and D into one policy, include long term care, cover every man, woman and child in America and call it “Medicare for All.”
Additionally, the government could provide us with the best doctors by paying for college educations. This would help assure that personal finances do not prevent potentially talented doctors from entering the medical profession.
Why doesn’t the government simply pay for health care and give us the greatest possible system? After all, what is the purpose of government if not to provide for the well-being of its citizens? And what is the reality of being the greatest nation on earth, if we have a substandard health system?
The reason for our health care failures is “The BIG LIE” — the false claim that the government is deeply in debt and cannot afford to pay for our health care. It is a lie, because the government, being Monetarily Sovereign, can afford to pay for anything. And no, this would not cause inflation.
So why doesn’t the government provide health care insurance for every man, woman and child in America? Because the government is bribed to widen the gap between the rich and the rest.
The rich already have superior health care. But what makes them rich is the ability to buy what others cannot have. If everyone could afford the same house, the same car, the same services, the same education and the same health care, no one would be rich.
To the rich, the single most important goal is to widen the gap. Part of widening the gap involves buying the health care the rest of us cannot afford, while forcing the rest of us into poverty trying to buy health care.
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.