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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, and the motive is the gap.
Great news! In its McCutcheon decision, the dominating right wing of the U.S. Supreme Court says it is O.K. for you to give a billion dollars to elect and bribe politicians. So get your checkbook out.
What? You don’t have a billion dollars? You’re saying that due to austerity, you’d be lucky to have $10 to elect and bribe politicians, and they won’t listen to you anyway??
But what about free speech?
Republican Speaker John A. Boehner: “What I think this means is that freedom of speech is being upheld. You all have the freedom to write what you want to write. Donors ought to have the freedom to give what they want to give. I’m all for freedom.”
See, according to the right wing, writing and talking are the same as money. (Remember this the next time you go to the grocery store and talk your way into a loaf of bread. Or better yet, talk your way into a mansion and a Rolls Royce.)
So long as speech is “free” (meaning, “There are no restrictions on giving it), campaign contributions also should be “free” (meaning, “There should be no restrictions on giving it).
Of course, this means the rich have much more free speech than you and I have, which is only right, because the rich are smarter and more valuable to America than you and I are. Agreed?
But wait, here is a voice of sanity — the usual voice of sanity:
Justice Clarence Thomas said he agreed with the decision, but wrote separately to say that he would have gone further and wiped away all contribution limits.
Thanks for that illuminating thought, Justice Thomas.
Let’s put this as delicately as possible: If Clarence Thomas agrees with it, that is proof positive the decision was senseless. He long has been a reliable measure of senselessness in the Court.
But wait again. Here comes Chief Justice Roberts:
Roberts wrote: “Money in politics may at times seem repugnant to some, but so too does much of what the First Amendment vigorously protects.
If the First Amendment protects flag burning, funeral protests and Nazi parades – despite the profound offense such spectacles cause – it surely protects political campaign speech despite popular opinion.”
So there you have it. If the Constitution protects Nazis, funeral protests, and anything else you don’t like, then clearly it protects the right of the rich to elect and bribe politicians, because those all are totally the same things.
According to Roberts, if you don’t like it, the Constitution protects it — especially if it benefits the rich and increases the gap between the rich and the poor. That will be the Roberts Court legacy.
And by the way, Justice Roberts, don’t use weasel words like “campaign speech.” It’s not campaign speech; it’s “campaign money”.
But wait, yet again. We have the usual voice for the poor and middle classes, the Cato institute, which despite its claims, is and has been, controlled by the notorious Koch brothers:
“In a truly free society, people should be able to give whatever they want to whomever they choose, including candidates for public office. The Supreme Court today correctly struck down the biennial campaign contribution limits and gave those who contribute money to candidates and parties as much freedom as those who spend independently to promote campaigns and causes. But it should have gone further.“
Cato/Koch thinks rich people should be able to bribe politicians as much as they want, because as you know, politicians are honest, and their votes cannot be bought.
Also, voters, being well-informed, are not influenced by TV, radio, billboard, and phone marketing (It is surprising that rich people foolishly would waste their billions buying TV, radio, billboard and phone marketing, since these things have no effect.)
Bottom line, if you are among the lower 99.9%, you have three alternatives. You can:
1. Demand a Constitutional amendment that will set campaign contributions limits. (That shouldn’t take much more than 20 years at best and will be fought every step of the way by the Republicans.)
2. Demand a law in which every citizen is given a “free speech voucher,” good for $10,000, which he can divide among as many or as few political candidates as he wishes, with no other contributions allowed. (The right wing Supreme Court will rule it unconstitutional, because you want it and the rich don’t.)
3. Stop electing right wingers, especially Republican Presidents and Senators. (You voted for the guys who nominated the Supreme Court, and now you’ll live with pro-rich, anti-you policies for many, many years.
Unless your net worth is at least $100 million, you are naive to vote for a Republican President. (But if your net worth is more than $100 million, you are naive not to vote Republican, or you sincerely care about America.)
So which are you?
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.