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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.
The Tea/Republicans, who loved Obamacare when it was named “Romneycare,” now so object to the name change, they snarl, growl and gnash in crazed anticipation of that favorite Washington frolic: The Congressional Hearing.
As oft mentioned, the current economy-killing farce has nothing to do with the Affordable Care Act or with any other issue facing the nation. Real issues are handled by debate, votes and signing.
No, this is just the first act in a performance to entertain the ignorant masses, to distract from the true motives of the extreme right: Money and power, and widening the gaps, thereof.
The right-wingers are not concerned that ACA will fail. They are concerned it will succeed, and that people will like it. As Republican Sen. Ted Cruz said:
“On Jan 1 the exchanges kick in and the subsidies kick in. Once they kick in it’s going to prove almost impossible to undo Obamacare.
“The administration’s plan is very simple. Get everyone addicted to the sugar so that Obamacare remains a permanent feature of our society.”
(What an evil plan. The “sugar” is good healthcare, like Congress receives, and the fear is that this, ever so slightly, might narrow the gap between the rich and the rest.)
Having been bought and paid for by the Koch brothers, Pete Peterson and others of similar ilk, the GOP, being the party of patriotism and religion, feels obligated to destroy the American economy by stomping on our less empowered: The black, the brown, the gay, the non-Christian, the poor, the middle, the sick, the hungry, the homeless, the female, the uneducated, the child and the immigrant.
When the cracks appear in ACA, as they must in so monster a program, the lackeys for the rich will leap at each opportunity to enter dramatically from stage right, and impose Congressional Hearings, the favorite tool of the political flimflammer.
Oh, the outrage! The righteous indignation! The passion and rage. (Instruction to politician: Place back of hand against forehead in mock sorrow.)
Government geese will be dragged blinking into the TV lights, and demanded answers they do not have, while the inquisitors preen before the cameras and grin and wink at their voting base.
Random citizens with complaints about ACA, will be paraded forth as absolute proof of the program’s failure. (None of the newly insured millions, who previously could not afford health care insurance, will be mentioned.)
Nothing will be learned. Nothing will be accomplished. Nothing ever is. But nothing exceeds the vote-gathering, entertainment value, of a good old Congressional Hearing, especially if the witnesses stutter and sweat.
When the play ends, one will be left to wonder: With so many alienated by the extreme right, who remains as the voting base? The answer: Middle Aged, White Christian Men, Lacking Empathy for the Powerless – i.e. bullies.
Like all bullies, these bullies will get their comeuppance as they age. How will it happen? Will they lose Social Security to right-wing privatizing? Will they lose Medicare to right-wing austerity cuts? Will they lose wealth to right wing gap-widening? Or all of the above?
But no matter. All that concerns politicians is the here and the now, also known as the money and the votes. And while the nation’s voters may be outraged at what is being done to them, the politicians care only about their voters, especially in the House, where each member is elected by a tiny district.
You and the rest of the nation may recognize that, for instance, Michele Bachmann is a blooming idiot, but so long as the good people of Minnesota’s Sixth Congressional District thinks she’s a genius, it’s all she needs. The middle finger to the rest of America.
So sit back and enjoy the show. The Congressional Hearings are coming, and you’re paying for them.
And paying. And paying. And paying.
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 federal deficit growth lines drop, we approach recession, which will be cured only when the lines rise.