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.
•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..
We all do it on occasion — deny reality that is. I should know. I have been a Chicago Cubs fan my entire life. The Cubs have not won the World Series since 1908, an astounding 107 years of failure. Yet still I hope . . .
That bit of reality denial is harmless, sometimes even enjoyable.
But some reality denial not only is harmful, but just plain stupid. Here are some examples:
The harder states make it to get guns — like New York — the fewer people die because of them, a new analysis of firearm restrictions shows.
New York State, with its relatively strict laws — restrictions that are even tougher in the five boroughs — had 4.2 gun deaths per capita in 2013, the third-fewest number of gun-related deaths nationwide, according to the National Journal’s study released Monday.
It examined gun-related deaths of all types — from murders to suicides and accidental shootings — in the year 2013 and found “while it’s certainly true that a number of factors contribute to the high rates of gun violence in the U.S., a comparison of state laws versus rates of shooting deaths does show a correlation.”
Some of National Journal’s findings aligned with research conducted by the nonprofit group Everytown for Gun Safety, which shows states with background checks have fewer gun-related domestic violence murders, homicides of law enforcement officials and suicides.
Can you imagine that? States with background checks have fewer gun deaths. And this bit of obvious reality is denied by the right.
Alan Gottlieb of the Washington State-based Second Amendment Foundation said law-abiding gun owners are the ones who feel targeted by — and yet obey — stronger regulations, not crooks. “Criminals don’t obey laws. That’s why they’re known as criminals,” he said.
The brilliant Mr. Gottlieb just provided his rationale for not having any laws of any kind.
After all, by definition a law-abiding person obeys laws, and a criminal doesn’t. So why have laws?
He and the Republicans deny reality, and no one can deny they are right — extreme right.
Willful stupidity: Of its most dangerous manifestations is climate change denialism–the refusal to accept that rising global temperatures caused by emissions of greenhouse gases are a growing threat to human well-being and national security.
“Based on well-established evidence, about 97% of climate scientists have concluded that human-caused climate change is happening” (American Association for the Advancement of Science, 2014 ).
Scientists world-wide (express concerns) about such disturbing facts as rising global temperature and increasing frequency of extreme weather. Accelerated melting of glaciers, and of sea ice and ice sheets in polar regions are causing sea levels to rise. The World Bank projects that in ten years “at least 65 percent of city dwellers on each continent” will reside in vulnerable low-elevation coastal zones.
According to the DOD, “In places like the Hampton Roads region in Virginia, which houses the largest concentration of US military sites in the world, we see recurrent flooding today, and we are beginning work to address a projected sea-level rise of 1.5 feet over the next 20 to 50 years.”
On the other side, a Republican peanut gallery tries to drown out all these warnings with a chorus of “I’m not a scientist, but. . . .”
According to the Center for American Progress , “53 percent of House Republicans and 72 percent of Senate Republicans deny the occurrence of human-caused climate change.”
The most prominent and ardent denier is Sen. James Inhofe (R-Oklahoma), whom Republicans have elected the chair of the crucial Senate Environment and Public Works Committee.
He regards human-caused global warming as “the greatest hoax ever perpetrated on the American people.” On a very cold day in February this intellectual giant of the GOP caucus threw a snowball onto the Senate floor as a proof against global warming.
On Sen. Inhofe’s committee 10 of the 11 Republican members are deniers, as are 13 of 21 Republican members of the House Committee on Science, Space and Technology. Last year, Senate Majority Leader Mitch McConnell (R-Kentucky) shrugged off global warming with this deceit: “Each side has their scientists.”
House Speaker John Boehner (R-OH) answers questions about the climate with the same dodge.
In “The Madness of Miami Beach” (The Guardian , 3/10/15) Robin McKie describes the early stages of a catastrophe overtaking this famous resort city and threatening much of South Florida. During spring and autumn, tidal surges cause seawater to pour into the city’s storm drains and up onto the streets where it corrodes cars parked at ground level and flows into houses and stores. The city has budgeted $1.5 billion for flood control.
If a “sea-level rise of 1.5 feet over the next 20 to 50 years” occurs as projected by the DOD, the result will be disastrous for the entire Miami area. According to Philip Stoddard, mayor of South Miami, “Another foot of sea-level rise will be enough to bring salt water into our fresh water supplies and our sewage system. Those services will be lost when that happens.”
The admitted Republican non-scientists disagree with the scientists about climate change as it is happening before our eyes, and no one can deny they are right — extreme right.
The Republicans deny reality and the existence of horrific problems, and leave these problems for our grandchildren to suffer.
Republican presidential candidate Donald Trump’s call for the mass deportation of millions of immigrants living in the U.S. illegally as well as their American-born children bears similarities to a large-scale removal that many Mexican-American families faced 85 years ago.
Trump has provided few details on how his proposed deportation effort would be carried out. The conservative-leaning American Action Forum concluded in a report it would cost between $400 billion to $600 billion and take 20 years to remove an estimated 11.2 million immigrants living in the country illegally.
The large-scale deportation Trump envisions would be impractical to enact, due to the extent to which Mexican immigrants have integrated into U.S. society, said Columbia University history professor Mae Ngai.
U.S.-born children of immigrants have been automatically considered American citizens since the adoption of the Constitution’s 14th Amendment in 1868. A Supreme Court ruling in 1898 halted previous attempts to limit the birthright of Chinese-American citizens after the passage of the Chinese Exclusion Act.
Visualize police kicking in doors and dragging terrified men, women and children from their homes. Visualize cattle cars filled with suffering people. Visualize a Soviet-style system of neighbor spying on, and reporting, neighbor. Visualize armed resistance, American vs. American. That is Trump-world.
And for what?
A range of studies show there is no evidence immigrants commit more crimes than native-born Americans. In fact, first-generation immigrants are predisposed to lower crime rates than native-born Americans.
Immigration and crime levels have had inverse trajectories since the 1990s: immigration has increased, while crime has decreased. Some experts say the influx of immigrants contributed to the decrease in crime rates, by increasing the denominator while not adding significantly to the numerator.
The Congressional Research Service found that the vast majority of unauthorized immigrants do not fit in the category that fits Trump’s description: aggravated felons, whose crimes include murder, drug trafficking or illegal trafficking of firearms.
CRS also found that non-citizens make up a smaller percentage of the inmate population in state prisons and jails, compared to their percentage to the total U.S. population.
“Immigrants in general — unauthorized immigrants in particular — are a self-selected group who generally come to the U.S. to work. And once they’re here, most of them want to keep their nose down and do their business, and they’re sensitive to the fact that they’re vulnerable,” said Marc Rosenblum, deputy director of the U.S. Immigration Policy Program at the Migration Policy Institute, a non-partisan think tank.
Trump can defend himself all he wants, but the facts just are not there.
Fact Checker “awarded” Trump the dubious honor of Four Pinocchios, for extreme lying and denial of reality. Yet Trump is leading the polls for Republican Presidential candidate.
In the above cases, as well as all the right wing’s lies about the “need” to cut social spending, you’ll find not only denial of human decency, but stupid denial of reality.
The deniers are right — extreme right.
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.