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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.
As every right-thinking person knows, there is too much government regulation. The proof: See excerpts from the following article:
House Republicans Just Quietly Passed A Bill Gutting Hazardous Waste Legislation
01/10/2014 3:19 pm EST
WASHINGTON – The House of Representatives passed a bill called the Reducing Excessive Deadline Obligations Act that would remove requirements the EPA periodically update and review solid waste disposal regulations, and would make it harder for the government to require companies that deal with hazardous substances to carry enough insurance to cover cleanup.
The bill would also require more consultation with states before the government imposes cleanup requirements for Superfund sites — places where hazardous waste is located and could be affecting local people or ecosystems.
The bill passed by a vote of 225 to 188, largely along party lines. Four Republicans voted against it, and five Democrats voted for it.
The environmental group Earthjustice has said the bill would “gut” the Superfund program, which was created in 1980 to ensure that polluting industries pay to clean up hazardous sites.
“The bill’s requirements could result in significant site cleanup delays, endangering public health and the environment,” President Obama’s advisers wrote.
Clearly, the House is dominated by right-thinking people.
West Virginia residents cope, with days of water woes still ahead after chemical spill
By Joel Achenbach, Published: January 12
“DO NOT USE WATER,” say the signs taped over sinks at the airport, and in the State Capitol the sinks are entirely wrapped in plastic bags.
People line up for free water at the fire stations or buy it at the Dollar General — $1.60 for a 20-ounce Dasani, $39 for a flat of 24 bottles.
A chemical used in coal processing has leaked from an old tank along the Elk River and invaded the water supply, a crisis that has affected nearly 300,000 people in nine counties and effectively closed the largest city in the state. You can’t drink the water, bathe in it or do laundry with it. It’s good only for flushing.
Two state employees tracked the leak to Freedom Industries. Monday will mark the fifth day of the water emergency.
Only five short days (and counting) without water? What are these people complaining about?
The bigger problem is the excessive regulation that an innocent private company like Freedom Industries is forced to endure at the hands of an excessively intrusive government.
An attorney for Freedom Industries provided a reporter with a news article saying that the chemical is not very toxic.
See, it’s not very toxic. Just a little toxic. Nothing to worry about.
I’ll tell you what is toxic. Those excessive regulations that require no poisons in our food and water — they are toxic. And excessive regulations that require food and clothing to be labeled properly and not to contain botulism or other poisons, and excessive regulations against crooked Wall Streeters from stealing your savings, and excessive regulations against retailers who sell you fake Gucci watches at exorbitant price — you know, those kinds of excessive regulations.
Thank goodness we have right-thinking protectors of the rich to defend us from excessive waste disposal and hazardous substance regulations.
A lot of that stuff isn’t very toxic, anyway.
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. Federal deficit growth is absolutely, positively necessary for economic growth. Period.