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.
How are these seeming disparate articles ironically related?
First, this article:
Detroit filed the largest Chapter 9 municipal bankruptcy action in US history in July 2013.
The governance and access to billions of dollars in revenue flowing through the Detroit Water and Sewerage Department (DWSD) has become a major political football and economic prize.
This month, DWSD commenced an unprecedented mass water shutoff program targeting 150,000 accounts more than two months and $150 in arrears. Meanwhile, more than $30 million in commercial and industrial accounts goes uncollected.
The objective is to eliminate bad debt and make DWSD look better for purposes of active ongoing regionalization and privatization negotiations. A triumph of corporate property interests over fundamental human rights.
(The poor are) scrambling for water from family, neighbors, friends, whatever; trying to find new housing with water included, trying to keep the child welfare system from taking away their kids, trying to find a place to shower and use the toilet.
What’s more important: Human rights, social justice and protecting the Great Lakes with a sustainably funded water and sewer system at their geographic heart?
Or setting themselves up with a Wall Street-model smash-and-grab privatization operation to make a quick economic killing for some fast operators? They’re opting for the latter, and the hell with the people of Detroit who are in their way.
DWSD has been privatizing gradually for decades under Federal Court supervision; using major corporations like Infrastructure Management Group (IMG) and EMA Inc. to take over more and more of their core operation all the time. The emergency manager put out bids to privatize, which have been filed in secret.
The powerful suburban county executives, who will take over this incredibly important and lucrative system have said they favor privatization and don’t want the burden of running it in their low-tax jurisdictions.
I urge you to click this link Detroit’s Emergency Manager Shuts Off Water for Thousands of Homes; Is Your City Next? and read the entire article, to get the full flavor of the massive greed and evil that is destroying the people of Detroit.
Then, read this article:
The Obama administration, in a dramatic escalation of its border-control strategy, will seek more than $2 billion in emergency funds to help stem an influx of Central American women and children entering the country illegally, as well as new measures to more quickly deport those already here.
The administration will ask lawmakers to modify existing statutes to make it easier to return unaccompanied children to their home countries.
Escalation of enforcement is likely to be met with skepticism from immigration advocates, who have expressed concerns about the treatment and welfare of the children.
Said Kevin Appleby, migration policy director for the U.S. Conference of Catholic Bishops. “It could result in vulnerable children being sent back to real danger and possible harm or death.”
What these articles have in common is the human catastrophe taking place in America. At our border and in Detroit, poor children suffer, sicken and die, all for lack of compassion by America’s upper- and middle-income groups.
Children from Central America leave their families to escape grinding poverty and danger, to make the long perilous trip to safety and freedom in America, only to be drowned by a selfish America that says it has no room on our gigantic, half vacant raft.
Children in Detroit go dirty, thirsty and hungry, and will be taken from their parents, all for lack of water, because the bribed politicians and the greedy private sector, want a piece of a lucrative pie.
And the irony: That right-winger-in-liberal-clothing, the President who raised FICA and repeatedly has tried to cut Social Security, blithely asks Congress for $2 billion — not to ease the pain of the children, not to help solve the problems in Detroit, but to send children back to their misery and death — essentially to toss them off the raft into the wild ocean.
This President, who has deported more than any previous President, coldly wants to increase deportations.
This President, who at the click of a computer key, could allocate that $2 billion, or $20 billion, or $200 billion, at no cost to anyone, to take giant steps in solving these humanitarian crises. But he doesn’t click that key, because he and Congress have been bribed (via campaign contributions and promises of lucrative employment later) to widen the GAP between the rich and the rest.
When even a Democrat President lacks compassion and human kindness, you know that our once-great nation has lost its moral compass, and has descended into greed, meanness and heartless indifference.
Send the poor foreign children back to starve and die? Let the poor citizen children starve and die right here in America? For God’s sake, what is wrong with you, Mr. President?
To paraphrase Joseph Welch, “Have you no sense of decency, sir? President Obama, at long last, have you left no sense of decency?”
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 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.