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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.
Allow me to share with you excerpts from today’s best “It-would-be-funny-if-it-weren’t-so-sad” story.
WASHINGTON (AP) — The White House is pushing back against critics who argue that the U.S. pullout from Iraq is to blame for escalating sectarian violence.
Escalating tensions in Iraq have raised U.S. concerns about al-Qaida taking firmer root inside the country, as insurgents challenge the government for control of territory.
This sad story is hilarious on several levels:
1. There was no al-Qaida in Iraq until after the US lied to Americans (so what else is new?) about the need to destroy the Iraqi government.
2. There were far more casualties caused by the invasion of Iraq than by recent sectarian violence.
3. More than 4,000 Americans were uselessly slaughtered and 32,000 uselessly wounded in the useless war with Iraq — comparable to the number of Iraqis killed since the US withdrawal in December 2011.
4. The original vote for the useless Iraqi war was:
Republicans: For: 216; Against: 6
Democrats: For: 82; Against: 126
Republicans: For: 48; Against: 1
Democrats: For: 29; Against: 21
Question: Who are the current critics of the pullout?
But the black humor isn’t finished:
March 11, 2010, 12:22 am
Five Republicans vote to pull out from Afghanistan
By Eric Zimmermann
Five House Republcians joined 60 Democrats tonight in voting to pull out U.S. forces from Afghanistan. The measure, defeated by a vote of 356-65, was introduced by Rep. Dennis Kucinich (D-Ohio) and co-sponsored by three of the Republicans who ended up supporting it: Reps. Walter Jones (R-N.C.), Ron Paul (R-Texas), and Tim Johnson (R-Ill.)
A huge majority — 336 to 65 — voted to keep Americans in the useless Afghanistan war, where more than 20,000 were killed and wounded. If this slaughter doesn’t tickle your funny bone, what about this:
The Afghan government had ignored U.S. demands for it to sign a framework security agreement by the end of 2013.
U.S. officials say unless a deal is reached to keep upwards of 8,000 U.S. troops inside the country after 2014, the United States might instead completely withdraw from the country.
Afghanistan President Hamid Karzai has expressed skepticism at the U.S. threat for a complete withdrawal.
So, our President is begging Karzai to allow us to leave 8,000 Americans in his country, to be killed and maimed (while giving Karzai billions in aid).
Karzai is thinking about it.
And what can you say about this:
The decision angered US officials, who said the 88 prisoners are Taliban fighters involved in attacks that killed at least 60 American soldiers and more than 50 civilians.
Clearly, our investment of lives and money in Afghanistan and Iraq is paying dividends — for the Taliban.
So let’s put it together: Our foreign policy has been a mortal disaster. Our domestic policy has been a mortal disaster. Our immigration policy has been a mortal disaster. Our financial policy has been a mortal disaster. The gap between the rich and the rest has been growing, disastrously. Everything Congress and the current and former Presidents have touched has been a disaster.
Please raise your hands: How many plan to vote for an incumbent?
Most of you?
Now that’s funny — and sad.
Rodger Malcolm Mitchell
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.