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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..
Once we were a compassionate nation, a brave nation. We were the great United States of America.
That America is gone. Today, half our politicians are sniveling cowards, whose immediate reaction to any problem is to build a wall and to bomb someone.
Here is an example of the compassionate — a note from Elizabeth Warren:
Over the past four years, millions of people have fled their homes in Syria, running for their lives. In recent months, the steady stream of refugees has been a flood that has swept across Europe.
Every day, refugees set out on a journey hundreds of miles, from Syria to the Turkish coast. When they arrive, human smugglers charge them $1000 a head for a place on a shoddy, overloaded, plastic raft that is given a big push and floated out to sea, hopefully toward one of the Greek islands.
Last month, I visited the Greek island of Lesvos to see the Syrian refugee crisis up close. Lesvos is only a few miles away from the Turkish coast, but the risks of crossing are immense. This is a really rocky, complicated shoreline – in and out, in and out. The overcrowded, paper-thin smuggler rafts are tremendously unsafe, especially in choppy waters or when a storm picks up.
Parents try their hardest to protect their children. They really do. Little ones are outfitted with blow up pool floaties as a substitute for life jackets, in the hope that if the rafts go down, a $1.99 pool toy will be enough to save the life of a small child.
And the rafts do go down. According to some estimates, more than 500 people have died crossing the sea from Turkey to Greece so far this year. But despite the clear risks, thousands make the trip every day.
I met with the mayor of Lesvos, who described how his tiny island of 80,000 people has struggled to cope with those refugees who wash ashore – more than 100,000 people in October alone. Refugees pile into the reception centers, overflowing the facilities, sleeping in parks, or at the side of the road. Recently, the mayor told a local radio program that the island had run out of room to bury the dead.
On my visit, I met a young girl – younger than my own granddaughters – sent out on this perilous journey alone. I asked her how old she was, and she shyly held up seven fingers.
I wondered what could possibly possess parents to hand a seven-year-old girl and a wad of cash to human smugglers. What could possibly possess them to send a beloved child across the treacherous seas with nothing more than a pool floatie. What could make them send a child knowing that crime rings of sex slavery and organ harvesting prey on these children.
Send a little girl out alone. With only the wildest, vaguest, most wishful hope that she might make it through alive and find something – anything – better for her on the other side.
This week, we all know why parents would send a child on that journey. Last week’s massacres in Paris and Beirut made it clear. The terrorists of ISIS – enemies of Islam and of all modern civilization, butchers who rape, torture and execute women and children, who blow themselves up in a lunatic effort to kill as many people as possible – these terrorists have spent years torturing the people of Syria.
Day after day, month after month, year after year, mothers, fathers, children and grandparents are slaughtered.
In the wake of the murders in Paris and Beirut last week, people in America, in Europe, and throughout the world, are fearful. Millions of Syrians are fearful as well – terrified by the reality of their daily lives, terrified that their last avenue of escape from the horrors of ISIS will be closed, terrified that the world will turn its back on them and on their children.
Some politicians have already moved in that direction, proposing to close our country to people fleeing the massacre in Syria. That is not who we are. We are a country of immigrants and refugees, a country made strong by our diversity, a country founded by those crossing the sea fleeing religious persecution and seeking religious freedom.
We are not a nation that delivers children back into the hands of ISIS murderers because some politician dislikes their religion.And we are not a nation that backs down out of fear.
Our first responsibility is to protect this country. We must embrace that fundamental obligation. But we do not make ourselves safer by ignoring our common humanity and turning away from our moral obligation.
ISIS has shown itself to the world. We cannot – and we will not – abandon the people of France to this butchery. We cannot – and we will not – abandon the people of Lebanon to this butchery. And we cannot – and we must not – abandon the people of Syria to this butchery.
That is what a compassionate American, a true American, says.
Now for the words of the cowards:
How The Paris Attacks Turned Anti-Refugee Sentiment Into Full-Blown Hysteria
Simmering anti-refugee sentiment in the U.S. has blown up into full-fledged xenophobic hysteria since Friday’s terrorist attacks in Paris.
The assaults — conducted largely, it is believed, by French and Belgian nationals — turned into fodder for Republicans to amp up their attacks on the Obama administration’s previously announced plans to accept more Syrian refugees next year.
Even before details of the attackers’ backgrounds had emerged, GOP candidates were screaming that refugees from regions torn by the Islamic State be banned from the United States.
Cable news pundits fueled the fire, speculating even before the assault was over that the flow of migrants through Europe were connected to attack.
By Monday, the backlash to the U.S. long tradition of accepting refugees was in full force and Congress was flirting with the idea of shutting down the government over Obama’s refugee plans.
Are you old enough to remember “The Russians are coming! The Russians are coming!” terror that gripped America’s cowards fueled by (surprise!) a right-wing U. S. Senator, from Wisconsin.
Now our own right-wing politicians again fuel the unAmerican cowardice.
Fox Business Network’s Lou Dobbs put “Syrian refugees” in scare quotes and suggested French President Francis Hollande had closed the country’s borders too late.
Then came Ted Cruz, today’s version of Senator McCarthy:
Friday evening, Cruz released a statement that said, “We need to immediately declare a halt to any plans to bring refugees that may have been infiltrated by ISIS to the United States.
Ooohhh, the immigrants are coming! The immigrants are coming!
(Ben) Carson said Friday evening at the summit he would not have allowed refugees to settle in the U.S. in the first place.
Former Sen. Rick Santorum (R-PA) said allowing refugees to resettle here would “accomplish what ISIS wants to accomplish by accepting them.”
Sen. Rand Paul (R-KY), echoing Carson, said he “wouldn’t invite the refugees in the first place” and Carly Fiorina also bashed Obama’s program.
Donald Trump said, “to take in 250,000 — some of whom are going to have problems, big problems — is just insane.” (Where the 250,000 number comes from is unclear.)
But this is the same line Trump used about Mexicans. Apparently, despite his loud bluster, he is afraid of everyone — and cares for no one.
Former Arkansas Mike Huckabee (R-AK) told CNN it was “craziest thing” to “take people who live in a desert who don’t speak our language, who don’t understand our culture, who don’t share a same worldview, and bring them to Minnesota during the winter.”
Louisiana Gov. Bobby Jindal — at the time still a presidential candidate — sent Obama a letter Saturday asking for more details about refugees settling in his state.
The governors of Michigan and Alabama took it one step farther, declaring that Syrian refugees would not be permitted in their states.</blockquote
These boobs not only are cowards, but too stupid to know that a governor cannot prevent anyone, who is in the U.S. legally, from coming into their state. Duh!
By Monday evening, more than two dozen governors had come out against refugees coming into their states.
Remember, these are the same brave, compassionate souls who are so cowardly, they whined about a couple of difficult questions in their debate (forgetting that Hillary Clinton underwent 11 hours of grilling, without complaint</strong), and who are so terrified of Mexicans, blacks and gays, they want to be able to carry guns everywhere they go.
These very "religious," right-winger, wash their hands like Pontius Pilate, and turn their cowardly backs on the need — as always.
As is commonly known, the bigger the mouth, the smaller the heart. And these guys pretend to be oh, so patriotic .
Welcome to the United States of Cowards and Mean-Spirited Jerks
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 Click here
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. Recessions come after the blue line drops below zero and when deficit growth declines.
As the federal deficit growth lines drop, we approach recessions, each of which has been cured only when the growth lines rose.
Increasing federal deficit growth (aka “stimulus”) is necessary for long-term economic growth.