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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 works like this: The federal government, being Monetarily Sovereign, has the unlimited ability to create dollars. But somehow, for reasons never explained, the federal government is said to be in danger of running short of dollars.
Meanwhile, America’s poor are said to have too many dollars. So Congress has decided the poor should receive fewer dollars from the federal government.
But wait. Those slippery poor may have found a way to survive, and this is felt to be outrageous. As explained by Bloomberg News:
States Veto Food Stamp Cuts as $8.6 Billion Deal Fades
By Derek Wallbank and Alan Bjerga Mar 7, 2014 12:00 AM ET 0 Comments Email Print
Congress last month passed a revamp of agriculture and food policy that was supposed to save the U.S. government $8.6 billion in food-stamp costs over a decade.
Being Monetarily Sovereign, the U.S. federal government has no need to save costs.
That may not happen now that some states are finding a way to avoid the cuts.
New York, Connecticut and Pennsylvania are triggering extra nutrition spending by adding money to a home-heating subsidy tied to increased food-stamp aid. The move feeds needy families while thwarting spending-reduction goals.
Deficit watchers say they’re disappointed, while anti-hunger activists are lobbying other states to do the same. If more follow, the federal government would have to spend much of the $8.6 billion it planned to save, as states reduce spending on other programs to meet the new mandate.
How horrible. The federal government would have to spend $8.6 billion to feed poor men women and children — people who should be prepared to starve so that rich bankers and other 1%ers can enjoy their federal subsidies.
Under the previous farm law, states that gave residents as little as $1 a year in home-heating assistance — a move nicknamed “heat-and-eat” — could qualify that person’s household for an average of $1,080 in additional food stamps annually from the U.S. government.
About 15 states and the District of Columbia did just that, catching the attention of lawmakers who sought savings through the farm bill.
“States were gaming the system,” Kansas Republican Senator Pat Roberts said last month.
Good old compassionate Pat Roberts. He empathizes with the poor, the hungry, the needy. According to Wikipedia:
Roberts’s voting record is conservative. Among other issues, he is pro-life, opposes same-sex marriage and supports the Patriot Act, and loosening restrictions on NSA wiretapping.
Roberts opposed President Barack Obama’s health reform legislation; he voted against the Patient Protection and Affordable Care Act in December 2009, and he voted against the Health Care and Education Reconciliation Act of 2010.
The new law raises to $20 a year the home-heating aid needed for a household to get extra food-stamp money. The idea is that most of those 15 states will stop qualifying residents for the food aid and save the U.S. government money.
In 2006, In that year, the senator voted to increase offshore oil drilling, to include provisions for drilling in the Arctic National Wildlife Refuge, to deny funding for low-income energy assistance and for environmental stewardship, and effectively to exempt Army Corps of Engineers project analyses from independent review.
Roberts voted to exclude oil and gas smokestacks from mercury regulations, and to reclassify the United States Environmental Protection Agency (EPA) as a Cabinet department — moves widely seen as pro-business and anti-environment.
The house that Roberts claims as his residence in Dodge City, Kansas is actually owned and occupied by campaign contributors C. Duane and Phyllis Ross.
So Roberts is anti-poor, anti-environment and lies about his real residence, which actually is owned and occupied by his campaign contributors.
He is perfect.
Back to Bloomberg:
New York state said it raised home-heating spending by $6 million, triggering an additional $457 million a year in federal food-stamp spending to about 300,000 households.
“We didn’t expect that or we would’ve written it in the language to prohibit it,” said Iowa Republican Steve King, chairman of the House Agriculture subcommittee that oversees food stamps and nutrition aid. The move, while legal, is “perverse, just perverse,” King said in an interview.
It is “perverse, just perverse” that liberals have found a way to feed hungry men, women and children. These people should be made to starve.
Here’s what Wikipedia says about this compassionate guy.
King supports the No Taxpayer Funding for Abortion Act, which would ban federal funding of abortions except in cases of what the bill calls “forcible rape”. This would remove the coverage from Medicaid that covers abortions for victims of statutory rape or incest.
Translation: Women are at fault for being raped.
King opposed the McGovern amendment (to the 2012 farm bill) to establish misdemeanor penalties for knowingly attending an organized animal fight and felony penalties for bringing a minor to such a fight.
Translation: Dog fighting is a good, wholesome activity for adults and children.
King introduced an amendment to the House Farm Bill that would legalize previously banned animal agriculture practices such as tail-docking, putting arsenic in chicken feed, and keeping impregnated pigs in small crates.
Translation: Big deal, a little arsenic never hurt anyone. And as for animals, they’re no better than poor people.
King has voted against each stimulus bill in the U.S. House of Representatives, saying, “Our economy will not recover because government spends more. It will recover because people produce more.”
Translation: I don’t know how that works, but my stupid constituents will buy any sort of BS I throw at them.
King gained prominence by being one of 11 in Congress to vote against the $52 billion Hurricane Katrina Aid package.
Translation: Screw the homeless and impoverished. They’re just a bunch of liberal freeloaders.
In July 2013, speaking about proposed immigration legislation, King said of immigrants, “For every one who’s a valedictorian, there’s another 100 out there who weigh 130 pounds — and they’ve got calves the size of cantaloupes because they’re hauling 75 pounds of marijuana across the desert.”
Now that we understand the quality of those who want to gut funding for the poor, let’s return to Bloomberg:
“These federal cuts have made it harder for our state’s most vulnerable residents to put food on the table. The state has intervened on behalf of these low-income New Yorkers,” Governor Andrew Cuomo, a Democrat, said. “New York is stepping up to help families in need.”
Connecticut is spending an extra $1.4 million to preserve federal food-stamp money for about 50,000 households, Democratic Governor Dannel Malloy said the day before Cuomo’s announcement. Pennsylvania said March 5 it will spend $8 million to preserve $300 million in food-stamp funding for up to 400,000 families.
“This was always budget-driven,” Vollinger said in a telephone interview. “Discussions in Washington can be academic, but $90 a month for needy families is a real number. It’s shifting a burden to the states, and it’s doubtful how many of them will be able to do it.”
The federal government, being Monetarily Sovereign, never can run short of dollars. The states, being monetarily non-sovereign, can and do run short of dollars. Sadly, the states must do what the conservatives won’t do.
“True reform would have included stringent work requirements for food-stamp eligibility,” said Andy Roth, government affairs vice president with Club for Growth, a Washington small-government advocacy group. “Even better, devolve the program back to the states” as block grants, which would end the temptation to exploit quirks in federal law, he said.
The Club for Growth, one of many Koch Brothers front organizations, is consistent in its efforts to widen the gap between the rich and the rest. Not a day goes by when this nefarious group, funded by some of the richest people in the world, doesn’t try to make the lives of the poor ever more miserable.
For them, an ideal world would be one in which the 1% are all-powerful masters, and the 99% are abject slaves.
Sadly, nearly all conservative voters are part of the 99% that the 1% wishes to subjugate.
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.