Twitter: @rodgermitchell; Search #monetarysovereignty
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Mitchell’s laws:
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●The more federal budgets are cut and taxes increased, the weaker an economy becomes. .
Liberals think the purpose of government is to protect the poor and powerless from the rich and powerful. Conservatives think the purpose of government is to protect the rich and powerful from the poor and powerless.
●Austerity is the government’s method for widening
the gap between rich and poor.
●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.
●Everything in economics devolves to motive,
and the motive is the Gap.
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The world has been waiting for the Tea/Republicans to accomplish anything, anything at all — except, of course, to stymie President Obama. And now we have it: The Republican immigration reform plan:

Sun Sentinel
GOP hints at plan on immigration
By Lisa Mascaro, Michael Memoli and Josepth Tanfani

“Hints at”? Well that’s a bit disappointing. But perhaps the article itself will provide more specific information.

Hoping to prevent a government shutdown by opponents of President Barack Obama’s immigration plan, House Speaker John Boehner floated a proposal Tuesday that would fund most of the government — but not the immigration agencies –through the end of the 2015 fiscal year.

O.K., let’s see:
1. The President has announced a plan to benefit 5 million immigrants
2. The Tea/Republicans have “floated” a plan to fund “most of” the government, except immigration agencies. So the immigration agencies will not be able to function.

That’s the Tea/Republican immigration reform plan.

The Republican leader insisted the plan remained a work in progress as leaders tried to round up support.

Support for what? Support for not shutting down the government. Support for defunding our immigration agencies?

To sweeten the deal for GOP hard-liners, a separate measure condemning Obama’s go-it-alone executive action on immigration would be voted on in the House as soon as this week.

Condemning Obama does not just “sweeten” the deal; it’s the whole deal. (Does this remind you of the House’s 50+ votes against “Obamacare,” for which the Tea?Republicans also submitted no plan?

Boehner’s move was the opening salvo in what is expected to be a long-running legislative fight to undo the president’s immigration executive action, which would protect up to 5 million immigrants — mostly parents of U.S. citizens.

The purpose of essentially all Tea/Republican fights has been to undo something of President Obama’s — not to DO anything. For the past 6 years, the Tea/Republicans have been the undo party, not the do something party.

Some GOP conservatives want to use the upcoming Dec. 11 deadline to pass new government appropriations bills as leverage, which could provoke a shutdown.

How productive! Close your eyes, make fists, stomp, shout, “No, no, no,” and then shut down the government unless you get your way. That’s much easier than actually governing.

Democrats in Congress could provide Republican leaders with the help they need for passage. On Tuesday, they softened their opposition to Boehner’s plan.

Of course. Though Democrats have taken what seems to be the lily-livered road for the past six years, in reality, they don’t care whether the government shuts down. Two reasons:
1. It will give them talking points against the Republicans
2. Less federal spending widens the gap between the rich and the rest, and that is what these politicians have been paid to do.

“Our immigration system is broken, and we need to fix it,” said Rep. Michael McCaul, R-Texas. “There’s a right way to do this and a wrong way, and unfortunately the President has chosen the wrong way.”

Right. Because as every Tea/Republican knows, the right way is . . . uh . . . well . . . er . . . whatever Obama doesn’t want is the right way, and whatever Obama does want is the wrong way.

Who says the Tea/Republicans don’t have a program?

My only question is, who are the people who feel so passionate about supporting a party that presents no positive ideas — not for immigration, not for health care, not for defense, not for anything — and only wishes to say “No,” to Obama?

Here is a secret. President Obama runs the Tea/Republican party. He can get them to say “Up” whenever he wishes. All he needs to do is say “Down.”

The Obama-haters have made Obama their leader.

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. (Refer to this.)
8. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (Click here)
9. Federal ownership of all banks (Click here and here)

10. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)

The Ten Steps will add dollars to the economy, stimulate the economy, and narrow the income/wealth/power Gap between the rich and the rest.
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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.
1. A growing economy requires a growing supply of dollars (GDP=Federal Spending + Non-federal Spending + Net Exports)
2. All deficit spending grows the supply of dollars
3. The limit to federal deficit spending is an inflation that cannot be cured with interest rate control.
4. The limit to non-federal deficit spending is the ability to borrow.

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 growth lines rise. Increasing federal deficit growth (aka “stimulus”) is necessary for long-term economic growth.

#MONETARYSOVEREIGNTY