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, and the motive is the gap.
======================================================================================================================================================================================

Background
The NRA is the National Rifle Association, the group paid millions by the gun industry, to brainwash dimwitted Americans into believing everyone should carry guns to protect themselves against everyone else carrying guns.

The purpose: For the gun industry to get rich on blood money, selling guns for people to kill people.

PGNs are Paranoid Gun Nuts, those dimwitted Americans, who have been brainwashed into believing that guns really don’t kill, except when they are in other Americans’ hands, so Americans will buy lots of guns, enabling them to kill other Americans at a moment’s notice.

PGNs have been brainwashed into fearing that everywhere they turn(and I’m quoting Wayne LaPierre of the NRA) they are threatened by: “Terrorists, home invaders, drug cartels, car jackers, knock-out gamers, rapers, haters, campus killers, airport killers, shopping mall killers, Solyndra, Benghazi, ‘Fast ‘n Furious’ and killers who scheme to destroy our country.” (He really said it.)

Yep, your gun will protect you from all those things.

Then we have the oh-so-religious Rick Santorum, who claims we should carry guns to defend ourselves against “Obamacare and redefining marriage.” (He really said it.)

And now comes Louisiana Republican Governor Bobby Jindal, who once said, “We have to stop being the stupid party.” Now he says we need guns to prevent the government from taking away, “your soft drinks, your snack food, your vices, your home security system, your health insurance, your electricity source and your children’s school.” (He really said it.)

And folks, that is true paranoia.

The Story: Even the NRA is afraid of PGNs
There is no way I could invent the following. The National Rifle Association published an article titled, Good Citizens and Good Neighbors: The Gun Owners’ Role

Here are some exerpts from that amazing article:

The Lone Star State is second to none for its robust gun culture. We applaud Texans for that, but a small number have recently crossed the line from enthusiasm to downright foolishness.

Now we love AR-15s and AKs as much as anybody, and we know that these sorts of semiautomatic carbines are among the most popular, fastest selling firearms in America today.

Texas, independent-minded and liberty-loving place that it is, doesn’t ban the carrying of loaded long guns in public, nor does it require a permit for this activity. Yet some so-called firearm advocates seem determined to change this.

Recently, demonstrators have been showing up in various public places, including coffee shops and fast food restaurants, openly toting a variety of tactical long guns.

Unlicensed open-carry of handguns is legal in about half the U.S. states, and it is relatively common and uncontroversial in some places.

Yet while unlicensed open-carry of long guns is also typically legal in most places, it is a rare sight to see someone sidle up next to you in line for lunch with a 7.62 rifle slung across his chest, much less a whole gaggle of folks descending on the same public venue with similar arms.

It’s a rare sight now, but soon will become common as the NRA’s “guns for everyone, everywhere” laws expand across America.

Let’s not mince words, not only is it rare, it’s downright weird and certainly not a practical way to go normally about your business while being prepared to defend yourself.

Now, wait a second. You, the NRA, say you “love AR-15s and AKs.” Because of you, they are legal to carry in public, i.e on the street, in stores, in playgrounds, in bathrooms and bars – everywhere.

But, now you object to innocent people carrying them “in line for lunch”??? What is it about lunch that bothers you?

You say that’s “weird,” but walking into parks and public buildings, armed like a storm trouper — that isn’t “weird”?

And what’s this about “a whole gaggle of folks descending on the same public venue with similar arms”? Why do you refer to a group of honest, law-abiding citizens, exercising their Constitutional rights, as a “gaggle”? Aren’t you the same NRA that wants everyone to carry guns, even in schools??

To those who are not acquainted with the dubious practice of using public displays of firearms as a means to draw attention to oneself or one’s cause, it can be downright scary.

Now just a durn minute. Isn’t that what open-carry is all about? “. . . using public displays of firearms as a means to draw attention to oneself or one’s cause.” What the heck is the purpose of open-carry if not to draw attention to the fact that you are armed and ready to rumble?

It makes folks who might normally be perfectly open-minded about firearms feel uncomfortable and question the motives of pro-gun advocates.

Well, yah . . . It makes people uncomfortable to see PGNs carrying guns. But this is “freedom,” right? This is the Constitution. Who cares what bad guys think? These AK-toting gunslingers are all good guys. Right?

And who cares how dangerous this is? What’s important is selling guns on behalf of the gun industry.

As a result of these hijinx, two popular fast food outlets have recently requested patrons to keep guns off the premises. In other words, the freedom and goodwill these businesses had previously extended to gun owners has been curtailed because of the actions of an attention-hungry few who thought only of themselves and not of those who might be affected by their behavior.

To state the obvious, that’s counterproductive for the gun owning community.

Let’s get this straight. Legally carrying guns is “hijinx”? You’re telling people not to open-carry guns into fast food outlets, because that caused fast food outlets to tell people not to open-carry guns??!

Does that make sense even to the NRA and PGNs?

You love open-carry, but because it’s “weird” and “scary,” you don’t want open-carry – at least not in fast food restaurants. Hey, how about slow food restaurants? Is open-carry “weird” and “scary” there?

What about stores? What about on busses? What about in movie theaters? What about in schools? Public buildings? On crowded streets? Empty streets?

What about a whole “gaggle of folks descending on the same public” park “with similar arms”? Is that weird and scary? Does it make people uncomfortable?

More to the point, it’s just not neighborly, which is out of character for the big-hearted residents of Texas. Using guns merely to draw attention to yourself in public not only defies common sense, it shows a lack of consideration and manners. That’s not the Texas way. And that’s certainly not the NRA way.

Here’s what I’d like to see. Visualize a whole “gaggle” of black men (wearing hoodies, of course), exercising their Constitutional rights by carrying AR-15s and AKs, walking into a downtown Dallas restaurant.

That would be a treat.

Yes, Texas and the NRA are known for their consideration and manners. And they certainly don’t want people drawing attention to themselves by openly carrying guns, in spite of the laws NRA pushed through that allows open-carry of long guns, everywhere.

That’s just not the Texas way or the NRA way.

In summary, NRA certainly does not support bans on personalized guns or on carrying firearms in public, including in restaurants.

We think people are intelligent enough to resolve these issues in a reasonable way for themselves. But when people act without thinking, or without consideration for others – especially when it comes to firearms – they set the stage for further restrictions on our rights.

Yes, you say people are “intelligent enough to resolve these issues in a reasonable way,” but at the same time, you say those very same intelligent, reasonable people “act without thinking, or without consideration for others.”

Might these same people “act without thinking” by shooting someone because he pisses them off? Or because he looks wrong, acts wrong or is colored wrong? Or does carrying a gun make an “act without thinking” person, magically become rational and under control?

As I asked in a previous post Why no guns in Congress?; “When will this all become stupid enough for even the stupidest to recognize the stupidity?”

Apparently, the abject stupidity of “guns for everyone” laws has begun to occur even to the NRA — even while these laws are making them rich.

Rodger Malcolm Mitchell
Monetary Sovereignty

====================================================================================================================================================
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.

#MONETARY SOVEREIGNTY

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, and the motive is the gap.
======================================================================================================================================================================================

Who knows what 2016 will bring? Since that election is more than two long years away, I bravely (and safely) will offer recommendations, knowing (hoping) you will forget them if I’m shown to be off course, but remember them if I am right (or I’ll remind you.)

Let me preface with a story from reason.com:

Supreme Court Rules 9-0 Against Obama Administration’s ‘Boundless’ Interpretation of Chemical Weapons Law
Damon Root|Jun. 2, 2014

The U.S. Supreme Court ruled unanimously today against the Obama administration in a major case testing the reach of federal power.

The Obama administration’s “boundless” interpretation of the chemical weapons law, declared the opinion of Chief Justice John Roberts, “would transform the statute from one whose core concerns are acts of war, assassination, and terrorism into a massive federal anti-poisoning regime that reaches the simplest of assaults.”

The Supreme Court today, is made up of strong liberals, moderate liberals, conservatives, extreme conservatives and crazy, self-described Constitutional originalists.

If you create and interpret a law that every single one of these disparate souls finds unconstitutional, you must be some kind of fool.

Add to that the Guantanamo lies, the NSA spying lies, the prisoner trade for a deserter lies, the “you can keep your insurance” lies, the “transparency” lies, the deportation lies, bankster lies, even lies about how Obama got his house from a criminal — ah, the list of lies goes on and on — and you have a really inept, crooked, lying administration.

Now for the recommendations:

I recommend that the Democrats campaign on issues dear to specific like-minded groups, for instance: Pro-choice, pro-immigrant, pro-gay, pro-minority, pro-gun-control, pro-education spending, pro-Social Security spending, pro-healthcare spending, pro-aids to poverty and anti-hatred.

As for Republicans, I recommend you campaign on one issue: Anti-Barack Obama.
As for Democrats, I recommend that you too, campaign on one issue: Anti-Barack Obama.

It’s the winner.

Rodger Malcolm Mitchell
Monetary Sovereignty

====================================================================================================================================================
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.

#MONETARY SOVEREIGNTY

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, and the motive is the gap.
======================================================================================================================================================================================

TPM NEWS
Obama Admin to Propose Cutting Power Plant Emissions by 30%
DINA CAPPIELLO – JUNE 1, 2014

The Obama administration on Monday will unveil a plan to cut earth-warming pollution from power plants by 30 percent by 2030, setting in motion one of the most significant actions to address global warming in U.S. history.

Global warming? What global warming?

The Washington Post recently ran the following article:

Experts tell House panel climate change science isn’t settled

Liberals have been piling on Rep. Lamar Smith and his fellow House Republicans for failing to hold more committee hearings on climate change, but Thursday’s often-heated testimony probably wasn’t what the movement had in mind.

The House Science, Space and Technology Committee heard from scientists who poked holes in the prevailing catastrophic theory of man-made climate change and said researchers are under pressure to support more alarming scenarios.

So “holes” were poked in the theory of man-made climate change? And liberals are pressuring researchers to support more alarming scenarios?

Let’s see what those “holes” were:

“The science is not settled, no,” said Roger Pielke Sr., professor emeritus in meteorology at Colorado State University. University of Sussex economist Richard Tol told the lawmakers, “Science is, of course, never settled.”

Get it? The science that says global warming is being at least partly caused by man and could create “alarming scenarios,” really isn’t settled, because . . . well . . . “science is, of course, never settled.”

In other words, no matter how much proof is offered, you don’t have to believe it, because in science, there always could be some doubt, no matter how remote.

Did dinosaurs live millions of years ago ? Most scientists say so, but science is, of course, never settled. So you don’t have to believe it.

Is the universe billions of years old? Most scientists say so, but of course . . . science never is settled.

So you are free to believe whatever you please, no matter what science says. Great, huh?

“Some things are more or less settled, some things are not,” said Princeton University geoscientist Michael Oppenheimer. “The question of whether carbon dioxide is 30 to 40 percent above pre-industrial times, that’s settled. The question of exactly how warm the Earth will become as a result, that’s not.”

Note that weasel word, “exactly”? Yes, we know that carbon dioxide is 30 to 40 percent above pre-industrial times. And yes, we also know that carbon dioxide is a greenhouse gas, that holds in heat. And yes, we also know the earth is getting warmer as a result of increased carbon dioxide.

But aha, we don’t know EXACTLY how warm the earth will get as a result. So why worry?

Rep. Paul C. Broun, Georgia Republican, said he objected to the Democrats’ use of the term “settled science” to describe the climate change debate.

“Climate changes all the time, of course,” he said. “It’s called ‘weather.’”

Er, ah, excuse me Scientific Expert Brown. Climate change is not called “weather.” Weather is what happens today, this month or even this year. Climate is what happens over decades.

At this point, you have read all the Washington Post’s so-called “holes that were poked in the prevailing catastrophic theory of man-made climate change.”

Now, let’s get to the real motive here. It’s not about legitimate doubt. It’s not about the science, the data and the interpretation, thereof.

It’s about MONEY.

Wealthy industrialists do not want to spend money reducing carbon emissions. Period.

The conservatives, to a greater extent than the liberals, are bribed by wealthy industrialists, to spread climate change doubt among the populace. And spreading doubt is a fairly simple process.

The quasi-logic goes like this:

1. Scientists often disagree. (You can see this in any trial in which the prosecutors and the defense team, each bring in an “expert” to rebut the other side’s “expert.”)

2. Scientists often are wrong. (At one time, most scientists wrongly thought stomach ulcers were caused by stress. Now we know they mostly are caused by a bacterium called helicobacter pylori.)

3. Obama is a liar and a liberal. (This is central to every right-wing argument.)

4. Therefore, global warming is not man-made, despite what the vast majority of scientists says.

[Additionally, the earth is only 5,000 years old, guns don’t kill and being gay is a choice. But those are arguments for another day.]

Bottom line, the addition of CO2 is warming the world, and this additional CO2 is man-made, despite all the misleading, purchased propaganda of the right wing.

That said, I will allow for one important caveat. Long term, we can’t be absolutely certain whether this will be more harmful than beneficial.

Some areas, plants, animals and peoples will be harmed by global warming; some will benefit. Canada and Russia might benefit; polar bears might disappear; islands may sink. Some areas might desertify; some deserts might become lush.

Global warming might prevent another catastrophic ice age, but new warm-temperature pathogens could emerge to decimate the human population.

We just don’t know.

And, when you don’t know for sure, whether change will help or hurt, and you already see many signs change will hurt, and not many it will help, what is the wisest course of action?

Don’t burn your house unless you have someplace to move. And maybe not even then.

Rodger Malcolm Mitchell
Monetary Sovereignty

====================================================================================================================================================
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.

#MONETARY SOVEREIGNTY

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, and the motive is the gap.
======================================================================================================================================================================================

Global Economic Intersection, a very good economics blog, published the following article, Income Inequality: The Fundamental Reason It Is Growing, May 29th, 2014
Written by Elliott Morss, Morss Global Finance

The single primary reason for the growing inequality is “labor saving” resulting from the Information Revolution.

New information technologies are replacing large blocs of middle class jobs and with more people out of work, wages have plummeted. Weaker unions? Maybe, but there is very little unions can do when the demand for their members falls as much as it has.

What has already happened coupled with future applications of information technologies will make an even larger segment of middle class workers redundant.

Simple enough. It’s the old “machines-replace-workers” argument that has existed since the beginning of the Industrial Revolution, back in the mid-1700s.

Here is the author’s reasoning:

US employment in durables goods production not grown much since 1947. But over this same period, the US Bureau of Economic Analysis estimates that durable goods value added in constant prices has increased ten times.

That means a worker today can produce ten times more than what a worker could produce in 1947.

Productivity gains and not overseas outsourcing is the primary reason for declining jobs in manufacturing.

US agricultural output increased at a 1.49% average annual rate between 1948 and 2011. Over that same period, agricultural employment fell at a 2.41% average annual rate.

Retailers and wholesalers are increasingly making sales via the Internet.

In education, the online element is growing. Significant labor-saving will result if online lectures by outstanding speakers are combined with follow-up teacher and student discussions.

The above snippets don’t do justice to the article, so I urge you to read it. But the point is clear. Computers are causing unemployment and lower wages for those who do have jobs — except of course for rich investors.

So what is the author’s solution?

Juliet Schor, an economist and sociologist has been thinking and writing about these issues for some time.

(She) recommends doing things that open up the labor market.

We could expand, rather than contract, social security eligibility. Smart countries with unemployment problems try to get senior workers to retire earlier.

We could give partial benefits for people to gradually reduce work.

Schor points out that shorter hours of work are possible at many levels–more schooling at the beginning of the work life, four day workweeks, and then tapering off hours at the end of the work life.

In short, the author claims the primary fault for the increasing GAP between the rich and the rest is the computer, which has replaced workers. One solution is to cut workers’ hours.

Do you believe it? I don’t, especially when I look at these two graphs:

Unlike the St. Louis Federal Reserve Bank GINI graph (the measure of income inequality, aka “the GAP”), which begins in 1967, and seems to show inequality rising, rising, rising — this first graph (above) goes all the way back to 1912, and shows that inequality previously was much higher than now, immediately before and during most of the Great Depression — when the top income tax rate was low. (2nd graph)

Then during WWII, and through the early 1980s, when the top income tax rate was above average, the GINI ratio was low.

Finally, beginning with the mid-1980s, when the top income tax rate again dropped below average, inequality again has risen.

Bottom line: I agree with the author, who ends his article with the comment, “We are facing a real problem. There are no easy answers.”

But I question whether computers are the primary cause of income inequality. (An even more powerful case could be made that taxes should be more progressive).

And I surely question whether making people work fewer hours would help, since that merely would spread payrolls among more people.

There always will be income inequality, simply because some jobs and some people always will be “worth” (however you wish to define it) more than others.

There are multiple causes for the the cancer of excessive income inequality, so the cure requires a multi-drug approach.

I suggest that approach is the “10 Steps to Prosperity” (below:)

Rodger Malcolm Mitchell
Monetary Sovereignty

====================================================================================================================================================
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.

#MONETARY SOVEREIGNTY