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•Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
•Any monetarily NON-sovereign government — be it city, county, state or nation — that runs an ongoing trade deficit, eventually will run out of money.
•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.
•The single most important problem in economics is the gap between rich and poor.
•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.
•Everything in economics devolves to motive, and the motive is the Gap between the rich and the rest..
Years ago, a Shetland Sheep dog (Sheltie) named Toffee lived in my house. Those of you familiar with Shelties know they are small dogs, and unlike most small dogs, they are of very mild temperament.
I never have heard of a Sheltie biting anyone, and even a growl would be most unSheltie-like.
Shelties are shepherding dogs, and as with most shepherd dogs, they are known to be intelligent. In fact, the Border Collie, a close relative, may be the smartest dog of all.
Despite his mild manner, Toffee barked, in his laughable, high-pitched little yips, but only when the doorbell rang. Though most dogs bark at the door, we wondered wondered why Toffee did.
He was so tuned to the family, and so understanding of what we wanted, he generally he did only as he was trained to do, and simply didn’t bother to do what we didn’t train him to do — he was that obedient and sensitive to our desires (and perhaps lazy, too).
He never barked at anyone. And we never had trained him to bark at the door. After all, his yips wouldn’t have scared a mouse, let alone a burglar.
We finally realized he actually had been trained. Whenever we were away from home, and someone came to the door, he must have barked. And when no one answered, the person went away.
Toffee was mildly protective of the people who fed him, and of his territory, so he must have come to believe it was his barking that sent the stranger away.
And that is exactly how paranoid right-wingers (redundancy?) are being trained:
Gov. Greg Abbott (R) had responded the most forcefully out of all the governors presiding over states where the training exercise, dubbed “Jade Helm 15,” was scheduled to take place by requesting that the State Guard monitor the exercise.
He made the request in April, just a day after more than 200 concerned residents of Bastrop, Texas peppered a U.S. Army spokesman with questions about whether “Jade Helm 15” was really a cover for the implementation of martial law.
Note to the 200 “concerned residents of Bastrop, Texas et al: Come on, folks. Get real. Even a cowboy with half a brain must realize that the federal government is not planning to impose martial law on your town, your county, your state or your nation.
The State Guard is expected to brief the governor’s office once a day, offering a review of the past 24 hours’ activity as well as a rundown of what’s scheduled to happen in the next 72 hours.
In his letter ordering the agency to monitor the exercise, Abbott called on the State Guard to ensure that Texans’ civil liberties were protected.
Oooohh, Texans’ civil liberties are in mortal danger, but thank heavens we have Governor Greg Abbott, along with the Texas State Guard, ready to battle the military of the United States.
And who is this organization, the State Guard, that will protect Texas from the U.S. Military?
As the Washington Post has pointed out, state-sponsored militias like the Texas State Guard (as opposed to the Texas Army National Guard) cannot be activated for federal missions and are generally called upon in emergency situations or for ceremonial activities..
State Guard volunteers train once a month without pay but do receive a free concealed handgun license and a daily stipend when activated for emergencies.
Get it, right-wingers? These are the guys who march in parades, lay sandbags in case of floods or help people out of houses crushed by tornadoes.
They train once a month, for no pay, and they get a free concealed handgun license. Wow! That sounds like a group who could defeat the military of the United States in a battle, doesn’t it?
Feel safer, now?
“It is important that Texans know their safety, constitutional rights, private property rights and civil liberties will not be infringed,” Abbott wrote.
“By monitoring the Operation on a continual basis, the State Guard will facilitate communications between my office and the commanders of the Operation to ensure that adequate measures are in place to protect Texans.”
“If a team member sees two Humvees full of soldiers driving through town, they’re going to follow them,” Eric Johnston, a Texas surveillance team leader, told The Houston Chronicle. “And they’re going to radio back their ultimate location.”
Eventually, the U.S. Military will finish its exercise and go away, which will allow the Texas State Guard to stop playing soldier and go home.
In all probability, brave Governor Abbott will tell his followers that it was the presence of the mighty Texas State Guard that prevented a takeover by the federal government.
Clearly, the U.S. Military must have realized it was overmatched and decided to retreat. What else could it be?
So like Toffee, my Sheltie, who never bit anyone, barked at anyone or even growled, but who was trained to believe his soft barking chased away dangerous strangers, so too will Texans believe their Governor and State Guard prevented the U.S. military from imposing martial law.
Whew! That was a close one.
After seeing how right wingers fear not only the U.S. Military, but black people, Mexicans, gay people, immigrants, poor people, Northerners and anyone not Christian (but not guns in the home), one wonders whether silly paranoia is a requirement for being a conservative.
Even Toffee had more common sense than that.
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. 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.
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.