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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.
What is killing Americans?
Apparently, Americans believe guns don’t kill people. Apparently, Americans also believe obesity doesn’t kill people. And as for recreational drugs? Apparently, they don’t kill Americans, either.
What about our terrible health care? As Obamacare (nee Romneycare, nee Heritagecare) proves to be an implementation nightmare, I continue to wonder why we don’t have a fully-paid, full-coverage Medicare for every man, woman and child in America.
Why is much-loved Medicare, a program the government knows how to run — a program that is proven to work — limited to the elderly? And why does even Medicare limit its coverages?
I could afford to pay for health insurance, yet I receive Medicare. Millions of Americans who cannot afford health insurance do not receive Medicare. Does this make any sense for the world’s wealthiest nation?
Millions of working Americans are forced to stay with unpleasant, low-paying jobs, because to quit not only would cost them income, but cost them health insurance. Does this make any sense?
Recently, this blog published How one of the best bills in history — H.R. 676, Medicare for All — is spoiled. What spoiled this “Medicare for All” bill?
The answer to all of the above questions is the same:
*The mistaken belief that federal financing is the same as personal financing.
*The mistaken belief that the federal debt is a burden on the federal government.
*The mistaken belief that paying off the federal debt would cause inflation.
*The mistaken belief that taxes pay for federal spending.
*The mistaken belief that taxpayers and taxpayers’ children owe the federal debt and some day will have to pay it.
And so sadly, our nation suffers from self-inflicted wounds, unnecessary wounds, disgraceful wounds, choreographed by the rich to widen the gap between them and the rest.
Sadder still is the victims’ reluctance to accept or even learn the truth. When you try to explain Monetary Sovereignty, you are met not just with disbelief, but with anger.
It’s as though you offered your hand to a drowning man, and he looked up at you and said, “F*ck you,” then kept drowning.
Americans are not dying just from guns or obesity or drugs or lack of medical care.
We are dying from stubborn ignorance, the conceit that makes us believe we are too special to learn, and to despise anyone who tries to change our brainwashed beliefs.
History shows what happens to such hubris.
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.