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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.
It begins with this sign:
Then it continues with this story:
The Gallup-Healthways Well-Being Index, which interviewed more than 176,000 people from all 50 states last year, measures the physical and emotional health of Americans across the country.
So take a gander at the states with the most miserable people:
1. West Virginia
O.K., in my opinion no survey could possibly measure the average (mean? median?) “well being” (whatever that is) of all the people in an entire state. Yet . . .
Yet . . . is it pure coincidence that nine of the ten “most miserable” states are right-wing?
I [the author] took the (50% of) states ranked (least miserable) and colored them green, while those (most miserable are) red. This is what it looks like:
You can see more details about each of these states, and why their residents supposedly are more “miserable,” here.
I don’t want to spend too much time on this, because I consider it a bullshit survey. That said, I would have been amazed if the results had been otherwise.
Part of the problem may be due to the right-wing penchant for sucking up to the upper .1% income/power group, while pushing down on the rest. So you get, for instance, 9% of Louisiana residents saying they don’t have easy access to clean water and 12% saying they don’t have easy access to medicine!
And relatively few Alabamans saying they had enough money to afford medicine, food and adequate shelter. And more than 1/4th of Mississippians saying that at times in the previous year, they didn’t have enough money for food and health care.
When you are ruled by a party whose goal is to cut food stamps and other poverty aids, cut Medicare, cut Social Security, cut unemployment compensation and cut Medicaid — a party that demeans the needy as worthless “takers” — is it any wonder the people feel miserable? Could it really be otherwise?
But its more than that. I believe Nixon’s, right-wing, “Southern Strategy,” a hugely successful voting strategy based entirely on hatred and bigotry, has come back to haunt the haters and the bigots. A hater cannot be happy. A bigot cannot be happy.
So these “red state” citizens, who for decades, have been fed by their leaders, a steady diet of spite, meanness, bitterness and bile, now are completely full.
You are what you eat.
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. Provide an Economic Bonus to every man, woman and child in America, and/or every state a per capita Economic Bonus. (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.