Twitter: @rodgermitchell; Search #monetarysovereignty
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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,
and the motive is the gap.
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We thought that by loving guns, but hating abortion, by loving Glenn Beck, Rush Limbaugh and Allen West, while hating blacks, browns, immigrants, gays and the poor, the Republicans could not possibly move further to the right. It would be like learning the Titanic is sinking deeper.

But, here we are:

Tea party Republican breaks through to House GOP leadership
The tea party has claimed its first spot in House leadership with the election of Rep. Steve Scalise to the No. 3 post – majority whip. Will he ease GOP tensions or make them worse?

Now tea party-backers finally have a strong conservative in the Republican leadership of the GOP-controlled House: Rep. Steve Scalise of Louisiana, who was elected by party members on Thursday to the No. 3 job in the leadership.

He fills the slot left vacant by Rep. Kevin McCarthy of California, who was elected – and elevated – to the No. 2 job of majority leader.

The changes were triggered by majority leader Eric Cantor’s stunning defeat to a tea party favorite in his June 10 primary in Virginia.

The addition of Congressman Scalise is expected to push House Republicans further to the right. But the pressing question is whether Scalise will bridge – or aggravate – deep divisions within the party.

Somehow, we suspect that deep divisions within the party are the least the Republicans have to worry about.

Given President Obama’s poor and declining approval ratings (Republicans hate him because he’s President and black; Democrats hate him because he’s right wing) — given that opportunity, one would think the Republicans would try to fill the void Obama is leaving them.

But no. Instead, they have decided to move even further into Michele Bachmann, Sarah Palin, Ayn Rand crazyland — further from the center of America.

It’s one of the mysteries of American politics. Every time Obama does something dumb (raise FICA and other austerity measures during a recovery), the Republicans raise him a dumb (shut down the government to cut federal spending).

Today, Americans are stuck with two political choices: Soft right-wing Democrat conservatives and extreme right-wing Republican fascists, there being no liberal party any more.

Three Extreme Right-Wing Ideologies Have Taken Over the Republican Party — and Could Destroy It Forever

As the capitalist worldview evolved, the business class made a fetish out of the “free market” and viewed government as, at best, a necessary evil.

Any sort of regulation was seen as the equivalent of slavery, and the proper role of officialdom was reduced to maintaining internal order (police), defending the realm (military) and enforcing contracts (the courts).

In the United States, however, where little happens that one side or the other does not ascribe to an overseeing God, secular rationalizations were soon complemented with the notion of divine will.

God wanted unregulated economic freedom and minimalist government to prevail. Any government involvement in social welfare was disapproved of because it allegedly promoted laziness among the poor, but this was just a convenient myth.

The real reason for keeping government activity to an absolute minimum was the rising business class’ fear and loathing of taxes.

This religious view continues to exist. Today’s struggle to return us to minimalist government and maximum economic “freedom” is led by a collection of fundamentalist Christian right-wingers and Tea Party mad-hatters.

This is just the first step toward the real goal of men like Sen. Ted Cruz, R-Texas, which is to make the U.S. a Christian fundamentalist nation.

Many radical conservatives have come to see their moderate (Republican) compatriots as worse than any liberal Democrat. They see them as traitors to principle – as politicians who ran scared in the face of Obama’s “socialist” agenda.

Under these circumstances, most of the party’s energies might well be taken up with self-destructive infighting.

America should be so fortunate as to see the extremists self-destruct, for a fundamentalist Christian government is not one ounce better than the fundamentalist Muslim government they despise.

A government run by fundamentalists’ interpretation of the bible is as heartless, dangerous and sick as a government run by strict Sharia law. They are in fact, identical twins dressed in different clothing.

Ideology is a form of debilitating shortsightedness. It replaces reality with an idealized version that usually has too little to do with the real world to be workable. The economic aspect of radical conservative ideology is fatally anachronistic.

As well as anarchistic.

Today, we are bereft of politicians with the morality an courage to duplicate the Democrats of the 1960’s — the Civil Rights Act of 1964, Head Start, food stamps, Medicare, Medicaid, the Immigration Act of 1965, the Voting Rights Act of 1965, the Elementary and Secondary Education Act of 1965, the Higher Education Act of 1965, the National Endowment for the Humanities, the National Endowment for the Arts, the Higher Education Act, the Public Broadcasting Act, the Civil Rights Act of 1968, Gun Control Act of 1968.

Those were heroic times, when our leaders understood that the elderly, the poor and the powerless need, and as citizens of a great nation, deserve assistance from the government, not because they are lazy, but because of the circumstances of their lives.

This, not cruelty, is what makes a nation great.

And yes, back then, the people and the Supreme Court understood that guns do kill, and that millions of cowards parading around with guns slung across their shoulders, is an invitation to murder and to extreme social ugliness.

Now, the Republicans have been taken over by the Christian, religious Tea Party extremists, in a mirror reflection of how Islam has been taken over by the Taliban extremists — and of course, as extremists, approved by God.

What is America’s future? How will this generation be remembered?

Will we return to our former greatness built of compassionate strength based on true morality, or will we continue our course toward becoming a nation of bigotry, cruelty and hatred, populated with pretend religionists?

The next two elections may write that book.

Rodger Malcolm Mitchell
Monetary Sovereignty

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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)

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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

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.

#MONETARY SOVEREIGNTY