–The right-wing rationale explained: Why you should be screwed

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.

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Here is a message I received from right-winger Scott Rigell, U.S. Representative for Virginia’s 2nd congressional district. He succinctly explains why you receive far too much money from the government, and why he believes you should be impoverished:

The Biggest Threat to the Pentagon Budget Is Mandatory Spending
Assessing the Effects of Defense Cuts, and Just As Critically, The Cause

Last week, Secretary of Defense Chuck Hagel provided sobering insight into the Department of Defense’s Fiscal Year 2015 budget. Much of what the Secretary shared caused a sharp reaction across the defense community and on Capitol Hill, with options including a reduction in the end strength of the Army to pre-WWII levels, retirement of the USS George Washington (CVN-73) halfway through its expected service life, and increased cost-shares from active duty and retired service members for TRICARE.

The federal government will collect about $3 trillion in taxes in 2014; yet in a year of record tax revenue, there is continued compression on the defense budget. These reductions are principally a result of our collective failure to address mandatory spending within our overall federal budget. This spending is automatic, never voted on, and makes up almost two-thirds of the government’s annual expenditures.

He begins with the BIG LIE, the absolute falsehood that federal taxes pay for federal spending. They do NOT.

If federal tax collections fell to $0 or rose to $999 trillion, neither event would affect by even one penny, the federal government’s ability to spend.

Then Rigell amplifies the BIG LIE:

Our failure to reform mandatory spending is adversely impacting our nation and our national security in two critical areas. First, our growing budget deficits put unyielding pressure on aggregate spending levels, including defense spending.

Any time a politician pulls out the “national security” card, you can be sure he’s lying. Is America’s national security at risk? Is there some nation willing to attack the United States of America, the most powerful nation in world history? Are you in danger from anyone other than our own government?

Further, budget deficits do NOT put any “pressure” on spending levels. The federal government could cut taxes and double spending tomorrow, with no problem whatsoever. Federal finances are not like personal finances, not like business finances, not like state or city finances — not even like euro nation finances.

The federal government is Monetarily Sovereign. It has the unlimited ability to create its own sovereign currency.

You and I do not have a sovereign currency. Your state, county and city probably do not have a sovereign currency — at least not one internationally accepted. The euro nations like Greece, France and Italy do not have sovereign currencies. None of them has the unlimited power to create money.

The federal government, being Monetarily Sovereign. can pay any bill of any size at any time.

Rigell is lying through his teeth, when he says, ” . . . growing budget deficits put unyielding pressure on aggregate spending levels. . . “ Either he’s lying or he’s too ignorant about federal finances to be a U.S. Congressman.

Then he compounds the BIG LIE:

Second, and I view this as no less serious than the first, is the increased exposure our nation faces from the reckless and increasing level of our national debt, which currently exceeds $17.4 trillion.

The national “debt” is nothing more than the total of deposits in T-security accounts at the Federal Reserve Bank, the safest bank in the world. These deposits essentially are identical with savings account deposits at your local bank.

How does your local bank “pay off” your savings account? It simply transfers your dollars from your savings account to your checking account. How does the federal government “pay off” the misnamed federal “debt”? The same way. It simply transfers your dollars from your T-security account to your checking account.

No new dollars needed. This is no burden on the federal government at all.

By misnaming deposits as “debt,” the politicians use the BIG LIE to make you believe the government is in some sort of financial difficulty.

Why do the politicians want you to believe the BIG LIE?

Rigell tells us.

The war against terror is constant, and the current upheaval in the Ukraine reminds us that peace and stability in different regions of the world are fleeting.

Ah yes, the “war against terror,” an invented war that never can end, provides lying politicians with the perfect, eternal excuse for “national security” spending.

And now, right on time, here comes Putin, our latest bad boy, to provide our politicians with yet another excuse to feed the military/industrial complex.

Putin conveniently steps into the shoes of Stalin, Khrushchev, Castro, Amin, Hussein (and his fake weapons of mass destruction), bin Laden, Khamenei and an endless list of other monsters. We are “threatened” by Russia, China, Iran, Afghanistan, Pakistan, North Korea and Mexico.

(Mexico? Sure. Have you never heard of that other eternal “war”, the war on drugs? That war too requires sealing our borders and endless “national security” spending.)

But, now comes the punch line in this sad joke:

So what’s the solution? It starts with meaningful reform of Medicare, Social Security, and other programs that are not advocated for in the President’s budget.

So there it is. The liars don’t even have the honesty to call it what it is. They say “reform,” as though somehow cutting benefits to Americans is an improvement. No, it’s not “reform.” It’s very simply, stealing from the 99% and giving to the 1%, pure and simple.

What’s needed is the political courage to address today the fiscal challenges which will burden future generations of Americans tomorrow.

Yours in Freedom,
Scott Rigell

Good old Scott Rigell, is oh, so concerned about burdening “future generations tomorrow.” (“future generations tomorrow?” Huh?)

But, he’s not at all concerned about burdening current generations, today. He wants to burden them by cutting Social Security, cutting Medicare, cutting Medicaid, cutting food stamps and other poverty aids, cutting anything and everything that benefits the 99% and might help close the gap between the rich and the rest.

Bottom line, the single biggest threat facing America is not the phony, invented war against terrorism or the war on drugs. The single biggest threat to our freedom is the growing gap between the rich and the rest.

Rigell’s repeated statement of the BIG LIE has been paid for by the rich (via campaign contributions and promises of lucrative employment later). The purpose: To widen that gap between the rich and the rest.

Rigell is a liar and a traitor, who has been bribed to take away your freedom. Don’t believe a word he says.

Yours in Feedom,
Rodger Malcolm Mitchell
Monetary Sovereignty

P.S. You have a “Scott Rigell” representing you, too. Don’t believe him (her) either.

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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)

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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
Monetary Sovereignty Monetary Sovereignty

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.

#MONETARY SOVEREIGNTY

3 thoughts on “–The right-wing rationale explained: Why you should be screwed

  1. [1] “Mandatory spending” means programs that help the 99%, (e.g. Social Security). “Discretionary spending” is generally that which widens the gap between the rich and the rest.

    Scott Ridell wants to decrease mandatory spending, and increase discretionary spending. An example of the latter is Pentagon spending. As I explained in a past comment, each “cut” to Pentagon funding is actually an increase. The 1% see to this, since Pentagon spending mainly benefits the 1%.

    With anything that benefits the 1%, the more its funding is increased, the more the Scott Rigells complain of “funding cuts.”

    Likewise, with anything that benefits the 99% (e.g. Social Security), the more its funding is cut, the more the Scott Rigells complain of “out-of-control spending.”

    Personally I like government spending, but with Pentagon spending, most of the money goes to rich executives of weapons makers. It also goes to the intelligence community, in which countless people sit inside ultra-high-security buildings and watch kiddie-porn all day. (Literally.) This is a federal felony, but these parasites are untouchable.

    [2] Whatever widens the gap between the rich and the rest is “liberty.”

    Whatever narrows the gap is a “crisis” and a “threat to national security.” It must be deregulated and “reformed.”

    [3] The actual size of government is irrelevant. Anything in government that widens the gap (e.g. a gigantic police state) is “efficient.” Anything in government that narrows the gap is “big government.”

    [3] RMM says “The single biggest threat facing America is the growing gap between the rich and the rest.”

    Yes indeed. Here’s a random example…

    The USA has the slowest Internet among industrialized nations. It is slower than countries like Estonia, Hungary, Slovakia, and Uruguay. In Hong Kong the Internet is more than three times faster than in the USA. This makes a difference in a world that increasingly depends on streaming content.

    The reason why the USA has lousy Internet speed is right-wing fanaticism about “free markets” and deregulation.

    People like Scott Rigell work for giant companies that form monopolies (e.g. Comcast, Time-Warner, etc). Once a company forms a monopoly, it ceases to serve its customers, and forces its customers to serve the company. It stops investing in infrastructure, and only invests in bribing politicians so that the monopoly can keep raising its rates. It becomes a cancer, sucking the life from society.

    Overall, the more unequal a society becomes, the more that society is crippled. Everyone and everything exists only to make the 1% richer. And what do the rich do with all that money? They use it to become even richer, creating no benefit to society at all.

    Inequality is the single biggest reason why societies disappear.

    See the following article regarding Internet speed…

    http://theweek.com/article/index/257404/why-is-american-internet-so-slow

    Like

  2. I don’t know. If Scott Ridell is a U.S. Representative making decisions about spending, and says government spending decisions are constrained by the size of the debt, than, at least as far as HIS voting goes, they are.

    As for the growth in the military, it is still growing, not shrinking, and the decrease in personnel reflects nothing more than the increasing use of drones and other automation. When we have Skynet doing all the fighting for us, there will no longer be any “us” to fight for.

    Like

  3. Personally I’d rather have a drone coming back crippled or dead than a human being. But the skynet thing is just more toys for the brass to play with, a bigger gun, a better death ray…. oh the joy! Then when they’re all done testing their playthings, the home front gets the leftovers, swords into plowshares.

    Like

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