Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell
●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.
Only the psychologists might explain fully why middle- and lower-income people (the 99%) vote for the party that consistently tosses them to the rich wolves (the 1%).
Not being a psychologist, I can only speculate that it’s a combination of hatred (for blacks, browns, reds, yellows, gays, foreigners and non-Christians) along with awe and reverence for the rich and powerful.
Anyway, here are just a few of the “50 Shades of Republican,” how the right wing tortures and screws the 99% on behalf of the 1%.
On Wednesday, Alabama Republican Party Chairman Bill Armistead claimed that America risks ‘incurring God’s wrath’ if it allows for gay marriage. Armistead loudly proclaims: “God is not one to be mocked, and I fear for our state and our country when we go against God’s word.”
He then goes on to quote Genesis: “Therefore a man shall leave his father and his mother and hold fast to his wife, and they shall become one flesh.”
The only question remaining is perhaps why social conservatives seem to consistently rinse and repeat the same philosophies decade after decade without many mainstream media outlets or non-partisan sources of information taking note of it and calling it for what it truly is — An endorsement of Theocracy in the United States.
Let us join the religious right in ignoring the fact that our original settlers came to America to free themselves from religious persecution.
The rich and powerful love theocracies, because the rich bribe the priests. Seldom was a wealthy, powerful woman dunked for being a witch.
Remember, so long as Bill Armistead speaks for God, he never can be wrong. Convenient, isn’t it?
Virginia Rep. Robert W. Goodlatte, chairman of the House Judiciary Committee (Associated Press).
In a letter Friday to Homeland Security Secretary Jeh Johnson, Mr. Goodlatte demanded he put an end to the new program, which could open an avenue for hundreds of thousands of illegal immigrants to bypass the regular rules and gain citizenship, which carries voting rights and eligibility for taxpayer-funded benefits.
“Under the expanded program, DACA requestors will now be able to file applications for advance parole at the same time they file their DACA application,” Mr. Goodlatte wrote. “Such a process encourages advance parole applications and thus encourages DACA to be used as a path to U.S. citizenship.”
“Dreamers” are unauthorized immigrants who are under the age of 31; entered the United States before age 16; have lived continuously in the country for at least five years; have not been convicted of a felony, a “significant” misdemeanor, or three other misdemeanors; and are currently in school, graduated from high school, earned a GED, or served in the military.
Oh woe! All those outstanding young people, coming to this nation and, after arriving here, legally becoming citizens. Who wants such youngsters in our midst?
Thank goodness we and all our ancestors were born here, so none of us have immigrant backgrounds.
Rather than more good, young people to build our nation, we need more mean-spirited, crotchety, old, white males like Rep. Goodlatte.
Republicans have made the individual mandate the element most likely to undo the President’s health-care law. The irony is that the Democrats adopted it in the first place because they thought that it would help them secure conservative support. It had, after all, been at the heart of Republican health-care reforms for two decades.
The (ACA) mandate made its political début in a 1989 [right wing] Heritage Foundation brief titled “Assuring Affordable Health Care for All Americans,” as a counterpoint to the single-payer system and the employer mandate, which were favored in Democratic circles.
In the brief, Stuart Butler, the foundation’s health-care expert, argued, “Many states now require passengers in automobiles to wear seat-belts for their own protection. Many others require anybody driving a car to have liability insurance. But neither the federal government nor any state requires all households to protect themselves from the potentially catastrophic costs of a serious accident or illness. Under the Heritage plan, there would be such a requirement.”
The mandate made its first legislative appearance in 1993, in the Health Equity and Access Reform Today Act—the Republicans’ alternative to President Clinton’s health-reform bill—which was sponsored by John Chafee, of Rhode Island, and co-sponsored by eighteen Republicans, including Bob Dole, who was then the Senate Minority Leader.
Let’s face it, the Republicans don’t care a fig about ACA (aka Romneycare). In fact, despite 57 votes against it, the Republicans have offered no alternatives. Hey, it’s their program.
And the Republicans don’t care about the massive hardships ending ACA would cause — hardships that would impact the 99% and leave the 1% unscathed.
The Republican party doesn’t really have any goals, but two: Widening the Gap between the rich and the rest, and fighting anything Obama.
As for the welfare of the populace, the Republicans seem immune to compassion.
An Ambitious Plan for a GOP Congress
Speaker Boehner released a five point plan that sets a real legislative agenda.
Point One: Fixing Our Tax Code: . . . By lowering rates for all Americans, simplifying the maze of loopholes and deductions, and making it possible for families to do their taxes on two sheets of paper . . .
You know where this “paper saver” is headed. The 99% lose their medical, mortgage interest and local tax deductions on their “two sheets of paper.”
The 1% continue to have their accountants use 100 sheets of paper and get exemptions and deductions you never ever heard of. Complex tax shelters require lots of paper.
Point Two: Solving Our Spending Problem: For 53 of the last 60 years, the federal government has spent more than it’s taken in – you wouldn’t do this in your home or business and we can’t do it as a country.
By addressing the drivers of our debt and putting our entitlement programs on a more sustainable path, we can secure our children’s ability to invest in their future . . .
Start with the Big Lie that federal finances are like personal finances, and that somehow the federal government can run short of dollars.
Then segue into reducing Social Security, Medicare, and all aids to the middle and lower income groups — while, of course, increasing FICA.
What could possibly help our children more?
Point Three: Reforming Our Legal System: Excessive litigation amounts to a stealth tax driving up the cost of all of our goods and services. By enacting real medical malpractice reform, and combating abusive patent litigation, we can better protect victims and consumers while giving confidence to manufacturers and small business owners that they can keep jobs and ideas here.
By all means, reduce the amount that injured people receive from big business. After all, if your auto air bag explodes, and sends shrapnel into your eyes, $50 ought to “better protect victims while giving confidence to” General Motors.
Note the implied BS threat that if you don’t agree, the jobs will go overseas.
Point Four: Reforming Our Regulatory System: The way the federal government hands down regulations is coercive, combative, and expensive.
By making major rules contingent on congressional approval, streamlining the permitting process, and making agencies focus on lower costs, we can reshape federal regulatory policy so that it’s more practical and productive for workers and small business owners.
Yes, there is way too much regulation of our food quality, our drug quality, auto safety standards and pollution. We should trust big business to take care of those things.
And yes, we want the FDIC to focus on cost cutting — perhaps by firing half their staff — rather than on regulating the banksters who caused the Great Recession.
Let the Republican-dominated Congress approve all regulations. That surely will help consumers and “small business owners” like those honest folks at JPMorgan Chase, Bank of America and Citigroup.
Point Five: Improving Our Education System: America’s ability to compete is tied to our ability to educate our young people. By reforming the K-12 system, making college more affordable, and expanding charter school programs, we can eliminate the barriers that keep students from getting the best possible education and becoming the best-prepared workers.
Replace the current national accountability scheme with state-led accountability systems, returning responsibility for measuring student performance to states and school districts.
Strengthen existing efforts to improve student performance among targeted student populations, including English learners and homeless children.
Expand quality charter schools and allowing federal funds to follow low-income children to the public school of the parent’s choice.
Protects state and local autonomy over decisions in the classroom by preventing the secretary of education from coercing states into adopting Common Core or any other common standards or assessments
This is a hodgepodge of ideas, some of which already exist or were proposed by Democrats. But of most interest is the notion of state-led accountability systems, returning responsibility for measuring student performance to states and school districts — pretty much what failed over the past century.
Not sure why anyone thinks state governments are more honest or competent than the federal government. We, here in Illinois, have a tradition of governors and other politicians going to jail, most often for stealing.
Barack Obama was a produced by the Chicago machine, and how many people think he’s competent?
The problem isn’t in the measurement of the education, the problem is in the education itself. Consider, there are those enlightened, right-wing states that, for instance, would teach religion in place of evolution, and that global warming doesn’t exist.
But the best of all is the current Republican resistance to “Common Core,” which was supported by Republicans:
Five Republican former governors who supported the Common Core from its creation during the Bush administration said Wednesday that disinformation from conservatives threatened to highjack the higher standards for what students should be able to accomplish in each grade.
The (Common Core) standards spell out what students should learn year by year, but leave decisions about books and lesson plans up to the states and local districts.
“If we fail to implement the Common Core and go back to the drawing board again, there’s going to be another generation that falls further behind internationally,” said former Hawaii Republican Gov. Linda Lingle.
Well, it’s getting late, and I’ve grown weary, and we are only at the beginning of the 50 Shades. So I’ll give you a map to ten more Shades of Republican you might find instructive, amusing or disgusting, depending on how you feel about political Sadism and Masochism:
And remember, when you vote for the religious right, be sure to shout: “Beat me! Beat me!”
They love it.
Rodger Malcolm Mitchell
The 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. Federally funded, 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)
Initiating The Ten Steps sequentially will add dollars to the economy, stimulate the economy, and narrow the income/wealth/power Gap between the rich and the rest.
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
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.