Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell
●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.
To demonstrate the cruelty of a Congress that has lost all sense of decency, consider the latest in immigration “reform.”
The most incremental of immigration bills, known as the ENLIST Act would let immigrants who were brought to the United States illegally as children to enlist in the military. If they serve and are honorably discharged, they would then be eligible for a green card, which would put them on a path to citizenship.
Now consider two children, both 1 year old. The first child was born on U.S. soil a year ago. The second child was taken here from a foreign country, by his parents.
Which of these two, one-year-old children, is a better American?
According to the ENLIST Act, the child born on U.S. soil is the better American. The second child must avoid being deported, until he is old enough for the military. Then he must risk his life in the military and serve honorably. Then by some unknown means obtain a green card, which still does not make him a citizen, because at that point he only is on a “path to citizenship.”
House Majority Eric Cantor said, “If you’ve got a kid that was brought here by their parents — unbeknownst to the child — and that they’ve grown up in this country and not known any other, and they want to serve in our military, they ought to be allowed to do that and then have the ability to become a citizen after that kind of service.”
But Cantor has not even brought up for a vote, this ironically labeled “reform,” this convoluted, cruel maze through which an innocent child must crawl.
And this little law applies only to children. It says nothing about the rest of the 12 million undocumented immigrants in America.
It’s the old story: Political leadership’s use of paranoia to seize and retain power.
Voters (though especially right-wing voters) have been taught they need to live behind personal stone walls of fear and hatred. They are taught to fear and hate black people. They are taught to fear and hate brown people and yellow people. They fear and hate gays, Jews, Muslims, foreigners, Communists, Socialists, liberals, anyone wearing a hoodie.
They fear and hate the poor. They fear and hate the people in the next state. They even are taught to fear and hate the U.S. government, thus the “small government” efforts by the extreme right wing.
They are told to demand to own ever more and ever bigger guns to protect themselves against those they fear. They shoot when they hear a knock at the door.
When they sneak out from behind their stone walls, they feel they must carry guns everywhere they go.
Never mind that we all are immigrants or the children of immigrants. Never mind that study after study has shown that recent immigrants have been just as law-abiding, hard-working, benefit-to-America people as those born here.
Never mind that according to the Center for Naval Analysis:
Non-citizens, once they have joined the military, are also far more likely to complete their enlistment obligations successfully than their U.S.-born counterparts.
Thirty-six month attrition rates for non-citizens are between 9 and 20 percentage points lower than those for white citizens, the largest demographic group in the military.
So craven are our leaders, that even this punitive ENLIST act — and act that would delay citizenship for many years — cannot move forward.
It is the leaders, those cynical little pretend patriots of little morals, whom we sent to Washington to represent America, but who feel their real power comes from building the wall of hatred and fear ever stronger — they are the ones who repeatedly appeal to the worst instincts of a population they intentionally frighten.
During war, fear and hatred bring a nation together under its leadership. So now our leaders have invented wars — wars against drugs, wars against immigrants, wars against alien terrorists — to solidify the power of the leaders.
President Bush created the fear of little Iraq and its little leader Saddam Hussein, so to give himself the power to cause thousands of American deaths and dismemberments — unnecessarily.
The leaders tell a gullible populace, “I am fighting for you, against your fears,” while the populace does not understand that it is the leaders, who have implanted those fears. Fear and hatred are a leader’s greatest weapons.
Now we have about 12 million undocumented, only about 4% of the total U.S. population — certainly not enough to cause great concern. They already live here and will continue to live here. What public purpose is achieved by keeping them in an illegal status?
But our leaders, through exaggeration and caricature, intentionally have spread the fear of this small, comparatively benign group.
One day a law will be passed, and it will be called “reform,” and it will be nothing of the sort. There will be no true reform while paranoids have a strong voice.
We weren’t born to fear and hate. The Paranoid Gun Nuts weren’t born PGNs. They were indoctrinated into the world of fear and hatred by the power-mad. The gun companies use fear and hatred as their marketing too.
One day, Americans will wake up and open their arms, just as the people who really built America did. Those brave, compassionate souls, not the mean, cringing cowards of today, were the real American patriots.
Rodger Malcolm Mitchell
Ten 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. Tax the very rich (.1%) more, with much higher, progressive tax rates on all forms of income. (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
Vertical gray bars mark recessions.
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.