Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

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.
======================================================================================================================================================================================

The National Draft Ben Carson for President Committee (Yes, there is one) posted an ad telling us the plans of the latest right wing hero (following such brilliant eminences as Sarah Palin, Newt Gingrich, Rick Santorum, Herman Cain, Rick Perry, Michele Bachmann, and Ted Cruz).

Here is what they said:

Ben Carson will…
1. Repeal Obamacare and replace it with a free market approach

Translation: Everyone will pay for their own health insurance. Those who can’t afford it, will just have to do without.

2. End redistribution of income policies because they are immoral, unworkable and unjust.

Translation:Make sure the income/wealth/power gap between the rich and the rest, keeps growing. It’s a dog-eat-dog world. Get rich or get eaten.

3. Balance the federal budget by cutting spending across the board by 10% each year until the budget is balanced.

Translation: Cut spending on everything that benefits the middle and poor: Carson loves austerity, because it has worked so well everywhere — for the rich.

4. Appoint judges that believe in the original intent of those that wrote the Constitution

Translation: For instance extreme right wingers Scalia, Thomas and Alito, who decided the rich should be able to spend as much as they want, to buy elections.

5. End the war on religion, and defend your right to witness your faith.

Translation: Get rid of that pesky 1st Amendment. This is a Christian nation, isn’t it? Screw Muslims, Jews, Buddists, Hindus, atheists and all the rest whose parents don’t think like me.

6. Tell the truth to the American people

Translation: Lie to the American people.

7. Follow a policy of peace through strength and if it becomes necessary to fight, his response will be overwhelming, not proportional

Translation: If anyone doesn’t agree with us, bomb the heck out of them. And don’t worry about how many of our soldiers and foreigners we kill. That is the America I love.

8. Reduce taxes across the board for all Americans

Translation: Reduce taxes on the people who pay the most taxes (and who give the most campaign contributions). You know who you are. Wink, wink.

9. Reduce regulations and the red tape that stifle economic growth

Translation: Cut the already minimal regulations on crooked bankers, oil companies, chemical companies, stock brokers, food companies, pharmaceutical companies, auto companies, telephone solicitors, air and water polluters and everyone else who might profit from less regulation.

10. Defend your right to keep and bear arms

Translation: Including machine guns, bazookas, and rocket-propelled grenades. Give me one reason why not.

11. Support school voucher programs.

Translation: Fund religious and other private schools (which can select which rich students they want), while taking money from public schools.

12. Encourage any and all energy production to make the USA totally energy independent

Translation:Yes, I know. We already are energy independent. But I get paid to say this. Ecology, smology. Drill, baby, drill.

13. End political correctness

Translation: Why do we have to be so nice to those gays, Latinos, Jews, Muslims, atheists, women, immigrants, disabled or poor? Let them be self-sufficient like me . . . or starve. (Did he mention that political correctness is good for demanding apologies from the left, for any perceived insults. The right walks both sides of that fence.)

O.K., I don’t know that Ben Carson actually is running for President. Just because people are collecting hundreds of thousands of dollars for his non-existent campaign and he is flying all over the country giving speeches about what’s best for America, that doesn’t prove anything.

And OK, he said, “As far as my running for public office, that was never my intention. I thought when I retired I was going to play golf and learn how to play an organ. But, obviously, the good Lord had a different plan for me. I will obviously listen, but that is not what I really had intended to do.” (Unless you beg me. Please beg me.) But, that doesn’t prove he actually wants to be President.

And just because he opposes Obama’s (weak, as usual) $2.85 hike in the federal minimum wage, which currently stands at $7.25 an hour, or around $15,000 a year, that doesn’t make Carson a suck-up to the rich.

And just because a surgeon, who boasts about having zero political experience, wrote the obligatory, pre-Presidential book, America the Beautiful, that doesn’t mean he actually is running for office.

(As an aside, no company would hire someone with zero experience, to be its CEO. Yet somehow, we are expected to believe having zero experience is a good criterion for running the United States of America.)

And just because the media now refer to him as a “Tea Party hero,” doesn’t mean he’s yet another, in what has become a long, long line of extremist, right-wing, Koch-brothers-loving, screw-the-poor, nut-cases.

But then again . . .

Are there any moderate Republicans left?

Rodger Malcolm Mitchell
Monetary Sovereignty

====================================================================================================================================================
Nine Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Federally funded 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) Or institute a reverse income tax.
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.

#MONETARY SOVEREIGNTY

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

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.
======================================================================================================================================================================================

Most people think of morality as an inherent personal quality by which people can be measured. But morality simply is a code of conduct for group well-being. Each group invents its own morality.

Even necro-cannibalism might be considered moral by a group on a life raft, where such cannibalism can save lives. Outsiders may view it differently, but morality is case and group specific.

Murder is considered immoral in most societies, except when committed by soldiers in battle, or by police in defense of the law, in which case it not only can be moral, but heroic.

Religious and civil laws define and document morality. The most moral people are those whose actions and beliefs best follow those laws, the purpose of which is to contribute to group well-being.

While the Golden Rule – “Do to others as you would have them to do to you” – may be the epitome of moral expression, it merely is a simplification and guideline for the impossible-to-know “well-being of the group.” By narrowing the group to “you,” the Golden Rule removes many layers of doubt about what is the well-being of the entire group. “You” are the group and “you” are the judge.

But it is a weak and contradictory rule, repeatedly broken by every judge who ever has sentenced a criminal. (Doing to the criminal as you would have the criminal do to you, doesn’t work for judges.)

By its very nature, economics is a study of morality – a study of the actions that contribute to, or detract from, group well-being. So, while religious leaders seek to be our moral guides, economists have equal claim to that title.

Now, as for the question of minimum wage: On the surface, the moral issue is quite simple. In most American locations, people cannot survive financially, earning the federal minimum wage of $7.25 per hour. Even allowing for food stamps and other government stipends, adequate housing, clothing, health care and education are beyond reach.

These minimum wage workers are not the lazy, shiftless, unmotivated, “rather-be-on-the-dole-than-work” slugs the rich make them out to be. They generally are hard workers, often taking two or even three jobs, just to get by.

Meanwhile, the executives of companies paying minimum wage — the Macdonalds, the Walmarts et al — may make as much as a thousand times more than their lowest paid workers, while receiving comforts and benefits the poor cannot even dream of.

Isn’t there a moral question here?

New York Times
Democrats Turn to Minimum Wage as 2014 Strategy
By Jonathan Martin and Michael D. Shear
Published: December 29, 2013

Democratic Party leaders have focused on an effort to raise the federal minimum wage, which will be pushed by President Obama and congressional leaders, and a campaign to place state-level minimum wage proposals on the ballot in states with hotly contested congressional races.

Nicely populist. There are more minimum wage voters than rich voters, so this seems like a sure winner. But, hold on. Rich donors give more to the politicians than do poor donors.

Republicans assert that a wage increase would dampen the economic recovery and indicated they had no intention of bringing a minimum-wage increase to a vote in the House, which they control. “Why would we want to make it harder for small employers to hire people?” Speaker John A. Boehner of Ohio said.

So both sides want to claim the moral high ground. They both want to help the little guy, but can’t agree on how.

Mr. Obama and congressional Democrats are supporting legislation that would raise the federal minimum wage to $10.10 an hour by 2015. But some moderate Democrats are uneasy about inflaming their local business communities; the imperiled Democratic Senate incumbents in Alaska and Arkansas, Mark Begich and Mark Pryor, have yet to embrace the ballot measures.

The Republicans want to please the rich, without angering the poor. The Democrats want to please the poor, without angering the rich.

Personally, though I tend to lean more toward the liberal side, I am conflicted. I believe the minimum wage is unconscionably low, even at the $10.10 level requested for 2015.

Because economics is a study of morality, what is the economic/moral answer?

I suggest the answer is not a Robin Hood, “take-from-the-rich-to-give-to-the-poor approach.” Yes, asking rich corporations to pay poor people more may seem to be a moral approach, but is it economically moral? Will it benefit American society as a whole for our businesses to be “penalized” for employing American workers?

Rather, the solution may be to give the poor more, while taking nothing from the rich. That would provide the most benefit to the entire American group.

How shall we do it? The federal government could institute a reverse income tax. The less you earn, the more the government will pay you.

Since taxes do not pay for federal spending, no one would be punished. The poor would be lifted, and even the rich would be lifted, because the entire economy would be lifted.

The reverse income tax would operate like the current federal tax, except that below a certain income level (say $50,000 per year?), the federal government would pay Americans rather than Americans paying the federal government.

The logistics are in place. The IRS already is set up to accomplish this. It would cost nothing, not for you, nor for me, not for anyone.

All that would be required is the admission that federal taxes don’t pay for federal spending, and federal deficits are necessary for a growing economy.

That would be true economic morality.

Rodger Malcolm Mitchell
Monetary Sovereignty

====================================================================================================================================================
Nine Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Federally funded 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) Or institute a reverse income tax.
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.

#MONETARY SOVEREIGNTY

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

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.
======================================================================================================================================================================================

Readers of this blog have read these three truths:

1. The super rich care more about the income/wealth gap between them and the rest of us, than they do about their absolute income. It is the gap that makes them rich. Without the gap, no one would be rich, and the greater the gap, the richer they are.

2. To widen the gap, the rich bribe the politicians (via campaign contributions and promises of lucrative employment later), the media (via media ownership) and the university economists (via contributions to the university and direct payment to professors for economic research).

3. Deficit reduction, aka “austerity,” has a far greater negative impact on the middle- and lower-income American than it does on the rich. The vast majority of federal spending benefits the “99%,” so spending cuts widen the gap. Repeated efforts to “broaden the tax base” (i.e. make the poor pay more) and increased FICA, also widen the gap, which is why the rich bribe the politicians, the media and the university economists to brainwash Americans into believing the deficit and debt are too large (The Big Lie).

We expect politicians to be bribed. They have made it legal, and the Supreme Court has actively encouraged bribery (via the Citizens United decision) and is expected to reinforce its encouragement of bribery (via McCutcheon v. Federal Election Commission).

We know the media are owned by the rich, and media writers, more now than ever, respond to their bosses’ desires. (Hello, FOX News) To keep their jobs and receive promotions, they tell Americans the same Big Lie.

But what of the university economists? Surely the world of academia, the world of honest economic research, has far more integrity than do politicians and the media. Right?

Tampa Bay Times
Billionaire’s role in hiring decisions at Florida State University raises questions.
Kris Hundley, Kris Hundley, Times Staff Writer

A conservative billionaire who opposes government meddling in business has bought a rare commodity: the right to interfere in faculty hiring at a publicly funded university.

A foundation bankrolled by Libertarian businessman Charles G. Koch has pledged $1.5 million for positions in Florida State University’s economics department. In return, his representatives get to screen and sign off on any hires for a new program promoting “political economy and free enterprise.”

For a lousy $1.5 million, chump change to a guy like Koch, Florida State University sold its soul.

An advisory committee appointed by Koch decides which candidates should be considered. The foundation can also withdraw its funding if it’s not happy with the faculty’s choice or if the hires don’t meet “objectives” set by Koch during annual evaluations.

During the first round of hiring in 2009, Koch rejected nearly 60 percent of the faculty’s suggestions but ultimately agreed on two candidates.

Apparently, the faculty at FSU is so stupid, 60% of their hiring recommendations were not qualified, and had to be rejected by that noted academic, Charles G. Koch.

David W. Rasmussen, dean of the College of Social Sciences, defended the deal, saying hiring the two new assistant professors allows him to offer eight additional courses a year. “I’m sure some faculty will say this is not exactly consistent with their view of academic freedom, but it seems to me it would have been irresponsible not to do it.”

Not “exactly” academic freedom? Not “exactly”? That’s like saying Bernie Madoff was not “exactly” honest. Dean Rasmussen seems to feel that money is more important than academic honesty. How did this guy make Dean?

The foundation partnering with FSU is one of several non-profits funded by Charles Koch and his brother David. The aim: To advance their belief, through think tanks, political organizations and academia, that government taxes and regulations impinge on prosperity.

Bruce Benson, chairman of FSU’s economics department, said “The Kochs find, as I do, that a lot of regulation is actually detrimental and they’re convinced markets work relatively well when left alone.”

Yes, of course regulations are detrimental to crooks, charletans and especially to the rich crooks who caused the Great Recession. Regulations that protect the 99% are especially inconvenient, aren’t they Chairman Benson?

What a wonderful economics department he runs. What a sad disgrace.

Charles Koch cofounded the Cato Institute. David started the Americans for Prosperity Foundation, which has worked closely with the tea party movement. George Mason University has received more than $30 million from Koch over the past 20 years. At George Mason, Koch’s foundation has underwritten the Mercatus Center

In addition to FSU, Koch has made similar arrangements at Clemson University in South Carolina and West Virginia University.

The above tells you all you need to know about Cato, Americans for Prosperity, Mercatus Center and the tea party. And I truly pity the parents of students at FSU, Clemson University, George Mason University and West Virginia University, who spend good money to have propaganda pumped into their children’s malleable brains.

With the Big Lie coming from all sides — from the bribed politicians, the bribed media and even the bribed university economists — who can blame the people for believing total nonsense?

And how is this for irony?

Said Rasmussen, “I have no objections to people who want to help us fund excellence at our university. I’m happy to do it.”

Academic integrity? Who needs it? There’s money to be made.

Rodger Malcolm Mitchell
Monetary Sovereignty

====================================================================================================================================================
Nine Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Federally funded 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.

#MONETARY SOVEREIGNTY

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

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 is the fifth in a series of posts titled, “You never will know what you have lost” (Part I, Part II, Part III and Part IV)

Each post describes the invisible, but real costs of federal deficit reduction, aka “austerity.” The first of the posts contained these paragraphs:

Since austerity never has benefited any Monetarily Sovereign nation that has tried it – 100% record of abject failure, often culminating in economic disaster – it is amazing that people still believe in it. But that is exactly what our own government is trying, now.

The list goes on and on: The lame who might have walked. The blind who might have seen. The children who might have given to America. The tornadoes and hurricanes and earthquakes that might have been foreseen. The money that investors might have saved. The inventions never invented. The recessions and depressions that might have been avoided. The wars that might have been won or prevented. The life-saving drugs that might have been developed. The people who might not have died too soon. The beauty never created. The ideas lost. The better world that might have been.

You never will know.

The income/wealth gap is what makes the rich rich. If there were no gap, no one would be rich, and the wider the gap, the richer and more powerful are the rich. Widening the gap is the single, most important goal of the rich.

The rich have bribed the politicians, the media and the university economists to widen the gap, which is accomplished via reductions in federal deficit spending, most of which benefit the middle and lower classes.

The politicians, media and university economists tell you your children and grandchildren will have to pay for the federal government’s deficits and debts, so deficit reduction protects them. It is The Big Lie.

Our federal government, being Monetarily Sovereign, never can run short of dollars to pay its debts. Even if your children and grandchildren paid $0 taxes, the government could continue deficit spending, forever.

And, being Monetarily Sovereign, the federal government has absolute control over the value of the dollar, meaning it has the absolute ability to control inflation.

So, it is not federal deficit spending and federal debt that threatens your children and grandchildren, but rather The Big Lie and the widening gap.

Here are some examples:

Science News Magazine
Science slowdown
Recent federal shutdown just the latest shock in a deepening funding crisis

BY Beth Mole, NOVEMBER 15, 2013

For two weeks in October, the largest maneuverable radio telescope in the world stood still. With the federal government shut down and the employees who control the Green Bank telescope on furlough, the research of astronomers around the world came to an abrupt halt.

Astronomers Sheila Kannappan and David Stark of the University of North Carolina at Chapel Hill had been allotted 80 hours of observing time on the gigantic West Virginia telescope to study how gases flow between galaxies and fuel star formation. Now it’s unclear when, if ever, they will get to complete those observations.

How important is astronomy to your children’s and grandchildren’s future? Are landing on the moon and Mars, exploring the solar system, finding inhabitable planets, understanding the universe important to your children and grandchildren?

They never will know what they have lost.

The recent federal government shutdown, which furloughed more than 800,000 government workers . . . may have cost the nation as much as $24 billion. In just 2 1/2 weeks, experiments were spoiled, careers derailed and proposed reserach initiatives delayed or suspended.

This is just the latest blow to a research community already weakened by funding cuts and fiscal uncertainty.

How important are research, and the scientists who do research, to your children and grandchildren? They never will know what they have lost.

In the last decade, federal funding for basic and biomedical research has stagnated. The budget for the National Institutes of Health has dropped 23% since 2003, after inflation.

Competitors abroad are boosting their research investments. China, for instance, has increased its science funding more than fivefold since 1999.

Is maintaining a lead in scientific research important to your children’s and grandchildren’s futures? They never will know what they have lost.

Just 15 years agao, the NIH awarded funding to more than 30% of all proposals. (Today), some research programs, accept only 10% of grant application.

After some of his funding ran out, Andrew Singson of Rutgers University, had to lay off one of the four postdoctoral researchers working in his lab, which aims to identify genetic components linked to infertility in humans.

When another postdoc in the lab left last summer, Singson was not able to hire a replacement.

Might Singson have made a discovery of benefit to your children and grandchildren? They never will know.

Larry Suva, an orthopedic researcher at the University of Arkansas for Medical Sciences, worries that the current challenges are scaring off the country’s next generation of scientists.

For the first time in his 30-year career, Suva saw one of his graduate students take a job abroad to avoid the U.S. funding climate.

Even a few years ago, the U.S. was the world’s leader in research funding. Now China is poised to surpass the U.S. in science funding and published discoveries.

Is this important to your children and grandchildren? They never will know what they have lost.

Suva’s lab collaborates with researchers at the Arkansas Children’s Nutrition Center to study how bone diseases link to obesity. The experiments involved giving mice daily dietary supplements.

But some of his collaborators were furloughed during the recent shutdown and couldn’t give the mice their supplements.

Could this research have benefited your children and grandchildren? They never will know what they have lost.

The funding cuts, pauses and uncertainty aren’t over. When Congress passed legislation to reopen the government on October 17, it did so only until January 15, at which point another budget battle likely will ensue.

(Professor) Trower of Harvard’s Collaborative on Academic Careers in Higher Education said, “We’ve seen year after year of cut and cut, down to the bone. People are realizing that it’s never going to come back. I don’t like to be gloom and doom, but I don’t think it will.”

So which will hurt your children and grandchildren more — the federal deficit which they will not ever have to repay, and which adds dollars to our economy, or The Big Lie that has put America on a trajectory toward becoming a second rate nation?

Your children and grandchildren never will know what the rich-bribed politicians, media and university economists have cost them.

Will their lives be shorter, their futures dimmer, their existence sadder? Cancer, ALS, Altzheimers, osteoporosis, heart disease, arthritis, stroke, Parkinsons, diseases of the kidneys and liver and brain — will they continue to plague your children and grandchildren because research is lacking?

From where will come the next antibiotic, the next gene therapy, the next heart replacement surgery technique?

Your children and grandchildren will not blame the rich for there lesser futures, though they should. And they won’t blame you, though they should.

For, they never will know what you have cost them. They never will know what they have lost.

Rodger Malcolm Mitchell
Monetary Sovereignty

====================================================================================================================================================
Nine Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Federally funded 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.

#MONETARY SOVEREIGNTY