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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.


This goes under the heading, Unless you’re rich, why do you plan to vote Republican in the next Presidential election?

Let’s talk health care. Rich people and Washington politicians can afford the best health care and the best health care insurance. The rest of us need help.

Most of those who live in the blue states will get that help. Most who live in the red states will not.

Here are excerpts from an article in today’s Chicago Tribune, a right wing paper.

With states at odds, health care law is uneven
Noam N. Levey, Tribune Washington Bureau

Colorado residents shopping for health insurance next year will be able to compare health plans using a star system that ranks insurance companies on quality.

In Oregon and Maryland, consumers will save as much as 30 percent on some plans after state regulators forced insurers to lower 2014 premiums.

Californians will get extra help selecting a health plan next year, from a small army of community workers paid in part by foundations and the state.

Americans in states backing the Act will receive substantial protections and assistance unavailable to residents in states still fighting the 2010 law.

Now, let’s visit some of those states whose leaders would rather fight Obama than help their own residents:

[Many resistant states] have not set up consumer hotlines, and insurance regulators refuse to make sure health plans offer new protections required by law, such as guaranteed coverage for people who are ill.

Florida suspended its authority to review how much insurance companies charge. Missouri state workers are forbidden by law from providing any assistance to the new health insurance marketplace.

“I certainly would rather live in a state that is trying than one that is not,” said Alan Weil, executive director of the National Academy for State Health Policy.

Apparently, the right wing’s primary goal is to defeat Democrats rather than to help people. In fact, Boehner said as much:

Idaho Statesman
Boehner visits Boise; vows to succeed with entitlement reform this fall
By Dan Popkey

House Speaker John Boehner said Monday that getting the GOP-controlled House to agree to raising the U.S. debt ceiling will only come with a bipartisan deal to make cost-saving changes to Social Security, Medicaid, Medicare, farm programs and government pensions.

“We’re not going to inflict all of this pain and suffering on our kids and our grandkids.”

Translation: “Cutting Social Security, Medicare and pensions won’t inflict “pain and suffering” on HIS kids and grandkids or on rich kids.

“YOUR kids and grandkids will have the “pain and suffering” of less Social Security, less Medicare and less pension security, but who cares? I’m all right.”

Back to the Tribune:

About half of the states, most with Republican leadership, have rejected federal aid to expand their government Medicaid programs.

That means millions of the poorest residents in these states will not be able to get coverage.

Keep in mind that the federal government initally will pay the states for 100% of Medicaid’s cost, through 2016, phasing down to a permanent 90 percent matching rate by 2020.

And even at the 90% rate, the cooperating states make a huge profit. All those federal millions pumped into a state’s economy translate into increased state taxes and state wealth.

In short, the right-wing states would rather fight Obama than benefit their own citizens or increase their own state’s solvency.

In Alabama, Oklahoma, Texas and Wyoming, insurance commissioners will not review health plans being offered on the new marketplaces to endure they provide consumers with the required benefits and protections.

In Florida, the state legislature and governor stripped the insurance commissioner’s authority to block rate increases for two years. This allows insurance companies to raise premiums as much as they choose in 2014 and 2015.

In Texas, more than 6 million people lack health insurance coverage (but) Texas cut staff who could have educated state residents about the new law.

Translation: “We want our citizens to suffer. Then we can claim it’s all because of Obamacare, and that’s how we’ll win the next election.

The article goes on and on, citing benefits to citizens of cooperating states — benefits not available to citizens of right-wing, nose-cutter states.

It takes a special kind of cruelty to deny people health, just to make a political opponent’s program fail.

Yes, I agree Obama has not been much of a President. I’ve said so numerous times.

But he will be gone after 2016. So please give me your reasons why you plan to vote Republican in the next Presidential election:

1. “I am very rich and my main goal is to widen the gap between the rich and the rest, and I really don’t give a damn about the poor.”

2. [Add your own 2nd reason.]

Rodger Malcolm Mitchell
Monetary Sovereignty

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

Monetary Sovereignty Monetary Sovereignty

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