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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Recently I wrote to my Democratic, formerly liberal Senator, Dick Durbin, and received the following response:

July 7,2004

Dear Mr. Mitchell:

Thank you for contacting me about Michael P. Boggs’ nomination to the United States District Court for the Northern District of Georgia. I appreciate hearing from you.

Judge Boggs received his B.A from Georgia Southern College and his J.D. at Mercer University’s Walter F. George School of Law. Boggs has been a judge on the Court of Appeals of Georgia since January 2012.

Previously, Boggs served as a Superior Court Judge in the Waycross Judicial Circuit of the First Judicial Administrative District of Georgia from 2004 to 2012. While serving as a Superior Court Judge, he established and presided over the court’s felony drug court program.

On January 6, 2014, Michael Boggs’ nomination was received by the Senate and was referred to the Judiciary committee, of which I am a member. As a member of this committee, I will be considering this nomination carefully and will keep your views in mind.

Thank you again for contacting me. Please feel free to keep in touch.

Sincerely,
Richard J. Durbin
United States Senator

That Boggs sounds like a heck of a guy, doesn’t he? This was my response to Durbin’s note:

You forgot to mention that he voted to retain the Confederate insignia in the state flag of Georgia; he voted to restrict access to abortion; and he voted to ban same-sex marriage.

The problem with most so-called Democrats is very simple: They lack spines. The Republicans have all the passion. The Democrats (with the exception of Senator Elizabeth Warren) are about as firm as overcooked noodles.

Consider this:

Embattled Nominee Michael Boggs Held Up As Other Judicial Candidates Moving Forward

President Barack Obama agreed to nominate Boggs as part of an all-or-nothing package of seven nominees he negotiated with Georgia’s two senators.

Obama made some notable concessions — four of the nominees are GOP picks and only two are black, in a state with a large black population — but the upside for the White House was that long-empty seats in Georgia would be filled.

Durbin and Senator Frankin previously had claimed they will vote against Boggs. But in this latest note he is waffling, as usual.

Anyway, here is a so-called “Democrat” President, who also controls the so-called “Democrat” majority in the Senate (which advises and consents to judges), and the majority of his nominations are Republicans!

And the 51 year-young Boggs, the right-wing, Southern bigot, is up for a lifetime post on the U.S. District Court for the Northern District of Georgia! He could be a judge, rendering anti-gay, anti-choice, anti-black decisions for another 30 years! Does Obama care?

Can you imagine a Republican President nominating a Democrat majority to lifetime judgeships?

I believe the right wing secretly loves Obama. They need him.

More than a valuable stalking horse for right-wing politics, this anti-Social Security, pro-FICA-increase on the middle-class, pro-sequester, pro-austerity, pretend “liberal” actually is one of them.

Bought and paid for.

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 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