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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..
Imagine you are among hungry, frightened people sharing a life raft, drifting in the middle of a vast ocean.
Will you descend into cannibalism? Will you attack and eat the weakest, thereby assuring the ultimate doom of your society?
Or will you work together to find solutions that ultimately will save you?
That is the question that faces America today, as we cope with a world of strife and terrorism. And the answer to the questions is: It depends on the leaders. And it depends on you.
If your leaders are strong and compassionate, and your people are wise, you will be mutually supportive. Working together, you may find the strength and ideas to survive.
And in surviving together, you will forever be stronger as a group. You will have forged a history and mores for a people of strength. You will carry your flag proudly.
But, if your leaders are divisive, selfish and amoral, they can lead a weak-minded people to attack one another. Even if some survive, you forever would carry the shame and stigma of bigotry and hatred that bloomed on your raft.
Donald Trump Sets Off a Furor With Call to Register Muslims in the U.S.
“We’re going to have to do things that we never did before. And some people are going to be upset about it, but I think that now everybody is feeling that security is going to rule,” he said.
“And certain things will be done that we never thought would happen in this country in terms of information and learning about the enemy. And so we’re going to have to do certain things that were frankly unthinkable a year ago.”
Asked by the Yahoo reporter about the possibility of a database for Muslims or “a form of special identification that noted their religion,” Mr. Trump did not reject either idea.
Later that day, as Mr. Trump left a campaign event in Iowa, an NBC reporter followed up. Asked if he would set up a database to track Muslims, Mr. Trump replied, “I would certainly implement that. Absolutely.”
Thus does the leading Republican candidate — he of the wall of shame — lead America down the path of fear and hatred.
The aftermath of the Paris terrorist attacks has now devolved into a dark and dishonest debate about how we should respond: let’s ban encryption, even though there’s no evidence the terrorists used it to carry out their crime, and let’s ban Syrian refugees, even though the attackers were neither.
As an unnamed government official quoted by the Washington Post’s Brian Fung said, if surveillance laws are expanded the media will be partly to blame: “It seems like the media was just led around by the nose by law enforcement. [They are] taking advantage of a crisis where encryption hasn’t proven to have a role.
As dishonest as the “debate” over encryption has been, the dark descension of the Republican party into outright racism and cynically playing off the irrational fears of the public over the Syrian refugee crisis has been worse.
We now know the attackers weren’t Syrian and weren’t even refugees. It was a cruel rumor or hoax that one was thought to have come through Europe with a Syrian passport system, but that was cleared up days ago.
But in the world of Republican primaries, who cares about facts?
In all my years (and I have 80 of them), never have I seen a less qualified, lying, traitorous, amoral group of weakling candidates than today’s Republicans.
They bluster like “tough guys,” but whine and snivel about “hard questions.” They bully the innocent Mexicans, the gays, the Muslims. And frightened, they insist they need to carry guns wherever they go.
(Carry a gun in the street, and you either are a police officer or a coward.)
If you were on that life raft with any of them, they would gang up to blame you, then eat you.
Virtually every Republican candidate has disavowed welcoming any refugees to the US, and they are now competing over who is more in favor of banning those who are fleeing the very terrorists that they claim to be so against.
It doesn’t matter that the US has a robust screening system that has seen over 750,000 refugees come to the United States without incident – the Republican-led House has now voted to grind the already intensive screening process to a virtual halt (they were disgracefully joined by many Democrats).
Chris Christie said the US should refuse widows and orphans.
Rand Paul introduced a law to bar the entire Muslim world from entering the US as refugees.
As The Intercept’s Lee Fang documented in detail, the rhetoric spewing from the mouths of the Republican Party sounds almost word for word like the racists during World War II that wanted the US to refuse Jews on the basis that they might be secret Nazis.
Fortunately, we are not required to follow these self-anointed “leaders.” We are not required to debase ourselves by allowing the liars and haters to send us and our America into a despotism hell.
And surely, as a thinking and compassionate people, we are not required to vote for them.
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.