Putin’s “long con” of Trump

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

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Long con: A complex scam that happens over weeks, months or even years. and involves a long series of steps and even scripts and costumes, like a play. The purpose is to rob the victim of greater amounts than could be accomplished in a “short con” of a day or two.

Question: What is the best way to swindle an egotist? Answer: Appeal to his ego.

Which of these two world leaders will outwit the other?

Putin says ‘clever’ Trump will soon grasp weighty role

Moscow (AFP) – President Vladimir Putin in an interview aired Sunday called US President-elect Donald Trump intelligent and predicted he would quickly grasp his new level of responsibility and act accordingly.

“Since he managed to achieve success in business, that shows he is a clever person,” the Russian strongman said in an interview with NTV television that has already aired in the country’s far east, quoted by TASS news agency.

“If he’s clever, that means he will fully and quite quickly grasp a different level of responsibility.”

Putin said that Russia “expects that he will act precisely on this basis.”

The Kremlin said last month that the two men agreed, in their first phone call after Trump’s election win in November, on the need to “normalise” Russia-US relations.

In Putin-speak, “normalize” means to do what Putin wants, which given enough flattery, Trump appears quite amenable.

Here are some of Trump’s comments about Putin, comments that demonstrate Trump’s insatiable lust for compliments.

  • “Look at Putin — what he’s doing with Russia — I mean, you know, what’s going on over there. I mean this guy has done — whether you like him or don’t like him — he’s doing a great job in rebuilding the image of Russia and also rebuilding Russia, period.”
  • “Putin has big plans for Russia. He wants to edge out its neighbors so that Russia can dominate oil supplies to all of Europe. I respect Putin and Russians but cannot believe our leader (Obama) allows them to get away with so much…Hats off to the Russians.”
  • “Will he (Putin) become my new best friend?”
  • “I think he’s done really a great job of outsmarting our country.”
  • “I think the biggest thing we have is that we were on ’60 Minutes’ together and we had fantastic ratings. One of your best-rated shows in a long time. So that was good, right? So we were stable mates.”
  • “I think that I would probably get along with him very well. And I don’t think you’d be having the kind of problems that you’re having right now.”
  • I got to know him very well because we were both on ’60 Minutes,’ we were stablemates, and we did very well that night.” (Actually, he and Putin had been interviewed in separate countries at different times for the same news program.)
  • After Putin praised Trump as a “talented person,” Trump said, “It is always a great honor to be so nicely complimented by a man so highly respected within his own country and beyond.”
  • In defending Putin against allegations he had been killing reporters, Trump said, “He’s running his country and at least he’s a leader, unlike what we have in this country. I think our country does plenty of killing also.”
  • I have no relationship with (Putin) other than he called me a genius. He said Donald trump is a genius and he is going to be the leader of the party and he’s going to be the leader of the world or something. These characters that I’m running against said, ‘We want you to disavow that statement.’ I said what, he called me a genius, I’m going to disavow it? Are you crazy? Can you believe it? How stupid are they.” (Putin never called Trump a “genius.”)
  • “I don’t think he has any respect for Clinton. I think he respects me. I think it would be great to get along with him.”

Seemingly, Putin will be able to lead Trump to do anything, merely by dangling praise in front of Trump’s nose.

Putin on Thursday reiterated Moscow’s readiness to work with Trump’s administration once the president-elect takes office in January.

“It is important to normalise and start to develop bilateral relations on an equal and mutually-beneficial basis,” Putin said in his annual state of the nation address.

During the US election campaign, Putin praised him for appealing effectively to disenchanted American electors.

“He represents the views of a significant part of society in the United States that is tired of those elites who have been in power for decades,” he said in October.

Trump is just an “ordinary” (?) billionaire who doesn’t like those elites who already have been in power for decades. Here are  a few of those “ordinary, non-elites “ he has appointed:

Steve Mnuchin, Treasury secretary,  former investment banker, hedge fund investor and executive at Goldman Sachs.  Owns a $26.5 million house  in Bel Air, California.

Wilbur Ross, Commerce secretary, billionaire investor and former banker.

Elaine Chao, married to Senate Majority Leader Mitch McConnell of Kentucky, served as the 24th, formerly United States Secretary of Labor under George W. Bush, and Deputy Secretary of Transportation under George H. W. Bush.

Rep.Tom Price, has been in the House for six terms.

Betsy DeVos, Education secretary, billionaire married to Dick DeVos, an heir to the Amway fortune.

Jefferson Beauregard Sessions III, attorney general, ten years in the U.S. Senate

Todd Ricketts, deputy Commerce secretary, co-owner of the Chicago Cubs, and the son of Ameritrade founder and billionaire Joe Ricketts.

Seema Verma, founder, president and CEO of the health policy consulting firm SVC Inc. Created thr Healthy Indiana Plan, the health insurance program that requires low-income participants to pay into a health savings account and has high deductibles. According to Verma, “You have to make your contribution every month, with a 60-day grace period. If you don’t make the contribution, you’re out of the program for 12 months. It’s a strong personal responsibility mechanism.” As of 2014, SVC Inc. had been awarded over $3.5 million in Indiana state contracts. Verma was accused of conflict of interest because she concurrently was employed with Hewlett-Packard, earning over $1 million during a period when the company had secured $500 million in state contracts.

Stephen Bannon, chief strategist and senior counselor, executive chair of Breitbart News, a far-right website and is associated with the white supremist alt-right.

Lt. Gen. Mike Flynn, national security adviser. Was fired from the Pentagon’s top intelligence job. Called Islam “a cancer” and “a political ideology” that “hides behind this notion of it being a religion.”

Putin’s compliments, so unlike his public persona,  are part of his long con, getting a neutered Trump on his side, when Russia makes its inevitable aggressive moves.

We already have seen it:

Donald Trump said that Russian President Vladimir Putin won’t make a military move into Ukraine — even though Putin already has done just that, seizing the country’s Crimean Peninsula.

He’s not going into Ukraine, OK, just so you understand. He’s not going to go into Ukraine, all right? You can mark it down. You can put it down. You can take it anywhere you want,” Trump said in an interview with ABC’s George Stephanopoulos on “This Week.”

“Well, he’s already there, isn’t he?” Stephanopoulos responded, in a reference to Crimea, which Putin took from Ukraine in early 2014.

Trump said: “OK — well, he’s there in a certain way. But I’m not there. You have Obama there. And frankly, that whole part of the world is a mess under Obama with all the strength that you’re talking about and all of the power of NATO and all of this. In the meantime, he’s going away. He takes Crimea.”

When you hire an inexperienced, self-absorbed, teenaged, twitter child to do a serious, experienced, man’s job, that is exactly what you get: an inexperienced, self-absorbed, teenaged, twitter child.

My fear and my prediction: Putin will flatter, cajole and seduce Trump’s inflated ego, while eating America’s lunch.

Meanwhile, Trump, along with his billionaires and right-wing extremists, will accelerate the 1%’s attack on the middle class and the poor.

This is a prediction I pray will be wrong, but the signs aren’t good.

Rodger Malcolm Mitchell
Monetary Sovereignty

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THE LAWS

•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..

•No nation can tax itself into prosperity, nor grow without money growth.

•Cutting federal deficits to grow the economy is like applying leeches to cure anemia.

•A growing economy requires a growing supply of money (GDP = Federal Spending + Non-federal Spending + Net Exports)

•Deficit spending grows the supply of money

•The limit to federal deficit spending is an inflation that cannot be cured with interest rate control.

•The limit to non-federal deficit spending is the ability to borrow.

•Until the 99% understand the need for federal deficits, the upper 1% will rule.

•Progressives 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 the rich and the rest.

•Austerity is the government’s method for widening the Gap between the rich and the rest.

•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..

MONETARY SOVEREIGNTY

The student loan debacle

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

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Last May, we posted: The Money Trap: Student loans.  You should read it.

It compared the student loan debacle to: Indentured servitude, the “numbers game,” and loan sharking, all illegal in America, but apparently legal for the federal government.

Today, I saw these data on a site called, Student Loan Hero:

It’s 2016 and Americans are more burdened by student loan debt than ever.

You’ve probably heard the statistics: Americans owe nearly $1.3 trillion in student loan debt, spread out among about 44 million borrowers.

In fact, the average Class of 2016 graduate has $37,172 in student loan debt, up six percent from last year.

General student loan debt facts

First, let’s start with a general picture of the student loan debt landscape. The most recent reports indicate there is:

  • $1.26 trillion in total U.S. student loan debt
  • 44.2 million Americans with student loan debt
  • Student loan delinquency rate of 11.1%
  • Average monthly student loan payment (for borrower aged 20 to 30 years): $351

If those numbers weren’t stunning enough, here’s a closer look at how students accumulate debt based on the type of school they attend.

In 2012, 71 percent of students graduating from four-year colleges had student loan debt:

  • Represents 1.3 million students graduating with debt, increase from 1.1 million in 2008
  • 66 percent of graduates from public colleges had loans (average debt of $25,550)
  • 75 percent of graduates from private nonprofit colleges had loans (average debt of $32,300)
  • 88 percent of graduates from for-profit colleges had loans (average debt of $39,950)

Graduate student loan debt

About 40 percent of the $1 trillion student loan debt was used to finance graduate and professional degrees.

Combined undergraduate and graduate debt by degree:

  • MBA = $42,000 (11% of graduate degrees)
  • Master of Education = $50,879 (16%)
  • Master of Science = $50,400 (18%)
  • Master of Arts = $58,539 (8%)
  • Law = $140,616 (4%)
  • Medicine and health sciences = $161,772 (5%)

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Here are the top 6 lenders of 2016 — (the businesses making billions from student loans):

earnest@2x /> citizens@2x logo_sofi_2016 lendkey@2x

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“I started Student Loan Hero in 2012 because you shouldn’t need a finance degree to understand your student loans. Since then, we’ve been lucky enough to help over 100,000 people better understand and eliminate over $2 billion dollars of student loan debt!”

Andy Josuweit · Co-Founder & CEO Student Loan Hero

Andy, I’m sure you do good work, but if the truth about federal financing were known, you wouldn’t have a business.  There would be no student loans and no need for thousands of students and their families to pay you to “eliminate over $2 billion dollars of student loan debt.”

JUST A FEW QUESTIONS:

Why does the federal government pay for our military?

Why does the federal government pay for our roads, bridges, and other infrastructure?

Why does the federal government pay to inspect our food and our pharmaceuticals?

Why does the federal government pay for a federal court system?

Why does the federal government do all the things it does for us?

Because the purpose of the federal government is to advance the best interests of America.

Does education advance the best interests of America? Of course. That is why the states and cities pay billions to educate children from grades K through12 and has for many years.

The states and cities pay for schooling, while the federal government provides loans. LOANS!

Here we have the cash-strapped, monetarily non-sovereign states and cities paying outright for K-12, while our  Monetarily Sovereign government, which never can run short of dollars, is providing LOANS.

These loans force students, who don’t come from wealthy families, into debt — debt that can last for years — debt that can travel through the generations — debt that hurts credit ratings, discourages college attendance and harms America.

The whole thing is nuts. 

Check out the 10 Steps to Prosperity, (See below) Step #4:  Our Monetarily Sovereign government, which never can run short of its own sovereign currency, should provide: FREE EDUCATION (INCLUDING POST-GRAD) FOR EVERYONE.

No taxes needed. No loans needed. No burden on anyone or any thing.

Of course, the lenders, who are raking in billions from their guaranteed, not-dischargeable-in-bankruptcy loans wouldn’t like losing all those easy dollars rolling in.

But should that be America’s primary concern?

It takes only two things to keep people in chains: The ignorance of the oppressed and the treachery of their leaders.

Every day, the American public is pummeled with the Big Lie, that federal taxes pay for federal spending, and student loans is the result.

WANTED: ONE POLITICIAN WHO WILL TELL THE TRUTH ABOUT OUR MONETARY SOVEREIGNTY. HELLO? ANYONE?

If you, dear reader, do not understand MONETARY SOVEREIGNTY, and the reasons why the federal government should support education, I urge you to click the links. Don’t allow yourself to be one of the ignorant oppressed.

Then contact your Senators and your Representative

Rodger Malcolm Mitchell
Monetary Sovereignty

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The single most important problems in economics involve the excessive income/wealth/power Gaps between the rich and the rest.

Wide Gaps negatively affect poverty, health and longevity, education, housing, law and crime, war, leadership, ownership, bigotry, supply and demand, taxation, GDP, international relations, scientific advancement, the environment, human motivation and well-being, and virtually every other issue in economics.

Implementation of The Ten Steps To Prosperity can narrow the Gaps:

Ten Steps To Prosperity:
1. ELIMINATE FICA (Ten Reasons to Eliminate FICA )
Although the article lists 10 reasons to eliminate FICA, there are two fundamental reasons:
*FICA is the most regressive tax in American history, widening the Gap by punishing the low and middle-income groups, while leaving the rich untouched, and
*The federal government, being Monetarily Sovereign, neither needs nor uses FICA to support Social Security and Medicare.
2. FEDERALLY FUNDED MEDICARE — PARTS A, B & D, PLUS LONG TERM CARE — FOR EVERYONE (H.R. 676, Medicare for All )
This article addresses the questions:
*Does the economy benefit when the rich can afford better health care than can the rest of Americans?
*Aside from improved health care, what are the other economic effects of “Medicare for everyone?”
*How much would it cost taxpayers?
*Who opposes it?”
3. PROVIDE AN ANNUAL ECONOMIC BONUS TO EVERY MAN, WOMAN AND CHILD IN AMERICA, AND/OR EVERY STATE, A PER CAPITA ECONOMIC BONUS (The JG (Jobs Guarantee) vs the GI (Guaranteed Income) vs the EB) Or institute a reverse income tax.
This article is the fifth in a series about direct financial assistance to Americans:

Why Modern Monetary Theory’s Employer of Last Resort is a bad idea. Sunday, Jan 1 2012
MMT’s Job Guarantee (JG) — “Another crazy, rightwing, Austrian nutjob?” Thursday, Jan 12 2012
Why Modern Monetary Theory’s Jobs Guarantee is like the EU’s euro: A beloved solution to the wrong problem. Tuesday, May 29 2012
“You can’t fire me. I’m on JG” Saturday, Jun 2 2012

Economic growth should include the “bottom” 99.9%, not just the .1%, the only question being, how best to accomplish that. Modern Monetary Theory (MMT) favors giving everyone a job. Monetary Sovereignty (MS) favors giving everyone money. The five articles describe the pros and cons of each approach.
4. FREE EDUCATION (INCLUDING POST-GRAD) FOR EVERYONEFive reasons why we should eliminate school loans
Monetarily non-sovereign State and local governments, despite their limited finances, support grades K-12. That level of education may have been sufficient for a largely agrarian economy, but not for our currently more technical economy that demands greater numbers of highly educated workers.
Because state and local funding is so limited, grades K-12 receive short shrift, especially those schools whose populations come from the lowest economic groups. And college is too costly for most families.
An educated populace benefits a nation, and benefitting the nation is the purpose of the federal government, which has the unlimited ability to pay for K-16 and beyond.
5. SALARY FOR ATTENDING SCHOOL
Even were schooling to be completely free, many young people cannot attend, because they and their families cannot afford to support non-workers. In a foundering boat, everyone needs to bail, and no one can take time off for study.
If a young person’s “job” is to learn and be productive, he/she should be paid to do that job, especially since that job is one of America’s most important.
6. ELIMINATE CORPORATE TAXES
Corporations themselves exist only as legalities. They don’t pay taxes or pay for anything else. They are dollar-transferring machines. They transfer dollars from customers to employees, suppliers, shareholders and the government (the later having no use for those dollars).
Any tax on corporations reduces the amount going to employees, suppliers and shareholders, which diminishes the economy. Ultimately, all corporate taxes come around and reappear as deductions from your personal income.
7. INCREASE THE STANDARD INCOME TAX DEDUCTION, ANNUALLY. (Refer to this.) Federal taxes punish taxpayers and harm the economy. The federal government has no need for those punishing and harmful tax dollars. There are several ways to reduce taxes, and we should evaluate and choose the most progressive approaches.
Cutting FICA and corporate taxes would be a good early step, as both dramatically affect the 99%. Annual increases in the standard income tax deduction, and a reverse income tax also would provide benefits from the bottom up. Both would narrow the Gap.
8. TAX THE VERY RICH (THE “.1%) MORE, WITH HIGHER PROGRESSIVE TAX RATES ON ALL FORMS OF INCOME. (TROPHIC CASCADE)
There was a time when I argued against increasing anyone’s federal taxes. After all, the federal government has no need for tax dollars, and all taxes reduce Gross Domestic Product, thereby negatively affecting the entire economy, including the 99.9%.
But I have come to realize that narrowing the Gap requires trimming the top. It simply would not be possible to provide the 99.9% with enough benefits to narrow the Gap in any meaningful way. Bill Gates reportedly owns $70 billion. To get to that level, he must have been earning $10 billion a year. Pick any acceptable Gap (1000 to 1?), and the lowest paid American would have to receive $10 million a year. Unreasonable.
9. FEDERAL OWNERSHIP OF ALL BANKS (Click The end of private banking and How should America decide “who-gets-money”?)
Banks have created all the dollars that exist. Even dollars created at the direction of the federal government, actually come into being when banks increase the numbers in checking accounts. This gives the banks enormous financial power, and as we all know, power corrupts — especially when multiplied by a profit motive.
Although the federal government also is powerful and corrupted, it does not suffer from a profit motive, the world’s most corrupting influence.
10. INCREASE FEDERAL SPENDING ON THE MYRIAD INITIATIVES THAT BENEFIT AMERICA’S 99.9% (Federal agencies)Browse the agencies. See how many agencies benefit the lower- and middle-income/wealth/ power groups, by adding dollars to the economy and/or by actions more beneficial to the 99.9% than to the .1%.
Save this reference as your primer to current economics. Sadly, much of the material is not being taught in American schools, which is all the more reason for you to use it.

The Ten Steps will grow the economy, and narrow the income/wealth/power Gap between the rich and you.

I’m sorry, but this is too good to have buried

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

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I’m sorry, but this is too good to have buried in the comment section of the post titled, “How to destroy your excess dollars.” It deserves a post all its own.

You surely remember how Donald Trump, before he was President-elect, swore he never would bribe companies to keep their factories in the U.S. No, these companies couldn’t blackmail him. He’s too tough for that.

Instead, he boasted he would impose a 35% tax on any goods these traitorous factories tried to ship back into the U.S. from their foreign factories.

This was Donald Trump at his roughest and toughest. This was on the level of the wall he repeatedly swore would build.

This was part of his being “the greatest jobs President God ever created,” (which may be the only time Trump ever has had the chutzpah to mention God).

And when rugged, steely Trump said again, and again, and again, he would impose that 35% tax on Carrier air conditioners, Trump’s suckers er, ah, followers, screamed in delight at the promise that they soon would pay more for air conditioners.

Well, like virtually all of Trump’s promises, down through the years, this one has been broken already, and he hasn’t even begun his administration.

Here is that comment that is too good to bury in the comments section:

CONGRATULATIONS TO THE TAXPAYERS OF INDIANA. You just paid Carrier $700,000 to keep some of those Carrier jobs in Indiana. The sole purpose: To make Donald Trump look like a great negotiator.

By the way, it wasn’t even Trump who did it. He doesn’t have the power. Trump repeatedly criticized states that bribed companies not to leave.

No, Trump told your governor, Mike Pence to pull that little trick — you know, the same Mike Pence who didn’t yet resign as governor, just so he could retain the power to screw the taxpayers of Indiana.

This is going to be a wonderful four years of treachery (“It takes only two things to keep people in chains: The ignorance of the oppressed and the treachery of their leaders.”)

But as I repeatedly have been told, “Hillary would do the same.”

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Oops, sorry. Did I say you taxpayers will spend $700,000 to demonstrate Trump’s great negotiating skills?

Carrier would receive a $7 million package of incentives to keep its factory here from moving to Mexico, the company said Thursday, under a deal negotiated with the state after an unusual intervention by President-elect Donald Trump that could reshape the relationship between the White House and private enterprise.

Carrier said the package would extend over several years and was contingent on employment, job retention, and capital investment. It previously said it planned to keep about 1,000 of the factory’s workers in the state, though the company is moving forward with plans to shift production to Mexico from another Indiana facility that employs about 700 people.

Spending $7 million of Indiana taxpayer dollars to lose 700 people their Indiana jobs seems like great negotiating — by Carrier.

Trump, the great negotiator, gave away the farm.  So, I keep thinking to myself, “What exactly did you folks vote for?”

These days, after winning the election, he still is campaigning, because that is pretty much what he know how to do, and you people still are screaming “Lock ‘er up,” though he already has said he won’t do that.

And you’re still screaming for a wall that Mexico will pay for, though you know Trump won’t do that, either.

And he’s hiring the generals he derided as “embarrassing” to America and “reduced to rubble.”

And he’s hiring the “moneyed elites” from Goldman Sachs, the very people he swore he wouldn’t employ.

And his job-saving technique is the same one he criticized and you screamed about: Caving in to the big corporations and forcing state taxpayers to foot the bill.

His entire business history is to break his promises to low-paid workers and to creditors, and now he’s doing it to you.

So tell me, what exactly did you vote for?

And why are you still screaming?

Rodger Malcolm Mitchell
Monetary Sovereignty

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THE LAWS

•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..

•No nation can tax itself into prosperity, nor grow without money growth.

•Cutting federal deficits to grow the economy is like applying leeches to cure anemia.

•A growing economy requires a growing supply of money (GDP = Federal Spending + Non-federal Spending + Net Exports)

•Deficit spending grows the supply of money

•The limit to federal deficit spending is an inflation that cannot be cured with interest rate control.

•The limit to non-federal deficit spending is the ability to borrow.

•Progressives 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 the rich and the rest.

•Austerity is the government’s method for widening the Gap between the rich and the rest.

•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..

MONETARY SOVEREIGNTY
 

The 6 words that could make replacing Obamacare easy.

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

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Now that the Republicans have a Republican President and a Republican Congress, one might think they are all set to accomplish their signature promise: “Repeal and replace Obamacare.”

Sadly, after all these years, they still don’t have a clue, though six little words could solve the problem for them.

First, a little background, from the Vanity Fair HIVE:

REPUBLICANS ADMIT REPLACING OBAMACARE COULD TAKE YEARS
As it turns out, “repeal and replace” is easier said than done—especially when the G.O.P. has no plan of its own.
BY ABIGAIL TRACY, DECEMBER 1, 2016 10:52 AM

Donald Trump and the Republican Party rode their promise to repeal and replace the Affordable Care Act all the way to the presidency and majorities in both houses of Congress.

After six years of deriding President__Barack Obama’s__ signature health-care law, the G.O.P. must now take responsibility for remaking a complicated, multi-trillion dollar industry with millions of lives at stake. Or as Obama forewarned one week after the election, “Now comes the hard part. Now is governance.”

Yes, it is oh, so simple, to stand on the sidelines and throw touchdown passes or hit home runs, but when you’re put in the game, the reality sets in that you never have done this before, and are completely clueless about what to do.  

But debate is already brewing within the G.O.P. about what comes next. Republican leaders are reportedly working on a plan to vote on symbolically repealing the law early next year, but delaying the actual repeal process for years to give Congress time to rally around a replacement.

Republicans have great experience voting symbolically to replace the Affordable Care Act, having done it more than 50 times. Symbolism is easy. Reality takes work.

The repeal process will be easy. Through a maneuver known as “budget reconciliation”—for which Paul Ryan already conducted a dry run last year—House Republicans can repeal the federal subsidies used to help people lacking employer-provided insurance pay for coverage, the taxes used to fund the Affordable Care Act, and the Medicaid expansion with a single party vote, effectively ransacking the health-care law.

Why do I have the feeling that all those Americans who rushed to vote for Trump, suddenly will wake up and say, “Hey, wait, I don’t want to destroy ACA. I just want to . . . uh . . . do  . . . uh . . . something.”

The “replace” process, however, will be much more difficult. This is why the party is arguing for a years-long delay and laying the groundwork for what could be characterized as an “Obamacare cliff,” by imposing a replacement deadline to force cooperation across the aisle.

No, it won’t be an “Obamacare cliff.” It will be a “Trumpcare cliff.” He’s the President. The buck stops there.

Despite the party’s open disdain for the Affordable Care Act, the G.O.P. has never managed to coalesce around a solid alternative over the past six years, and the policy-averse Trump certainly didn’t pitch any detailed proposals of his own on the campaign trail.

The closest outline Republicans have is the proposal Ryan unveiled over the summer, titled “A Better Way,” which notably would replace the subsidies under the Affordable Care Act with flat tax credits and push the Medicaid burden to the states.

Ah, the ever-dependable Ryan, wanting to cost consumers and states money they don’t have, while instituting austerity for the American people and the states.

Ask the euro nations how horribly austerity works, how it destroys lives.

But even Republicans have concerns about Ryan’s plan. “I’m from a state that has an expanded Medicaid population that I am very concerned about,”Shelley Moore Capito, a Republican senator from West Virginia, told Talking Points Memo.

“I don’t want to throw them off into the cold, and I don’t think that’s a strategy that I want to see. It’s too many people. That’s over 200,000 people in my state. So we need a transition.”

Hmmm . . . let’s see now. He doesn’t want to take healthcare coverage from the people in his state. O.K., Senator Capito, who will pay for it if ACA is defunded?

Clearly, after all these years of moaning and groaning, the Republicans still have no answer.

Even with the two to three year delay, Republicans face a tough timeline. Between 22 million and 23 million Americans are expected to lose coverage if the Affordable Care Act is repealed, and while it is too early to estimate how many of those will be eligible for coverage under the Republicans’ alternative (since it doesn’t exist), the G.O.P. risks upending the health-insurance market during an election year.

It’s like the deadbeat who proposes to a woman, with promises he’ll buy her diamonds, a mansion, a Rolls Royce and a trip around the world. So she marries him, only to discover he has no money and no plan.

Hello, Trump voters.

“I think, inevitably, the uncertainty that is created by the election of Donald Trump and a Republican House and Senate is going to cause a lot of turmoil in health-insurance markets, and that, in itself, is going to be harmful,” Timothy Jost, an emeritus professor at Washington and Lee University, (said).

“I think it is going to be a while before it plays out and I think that there will be a lot of people who are hurt by this, but how many and how badly is really hard to tell at this point.”

The fundamental problem is rather simple. Healthcare costs money. So the only question is: Who will pay to provide healthcare to those who can’t afford it?

The politicians can twist and turn and squeal and shout, but unless America believes the 99% should not have healthcare, there are only two answers to the question: Either the federal government pays or the people pay — and the people don’t want to, or can’t afford to, pay.

But the federal government can.

Now for those six little words that would completely solve the problem:

“FEDERAL TAXES DON’T FUND FEDERAL SPENDING”

There they are, those six little words. The first political party that utters them, teaches them to the populace, and acts upon them will be heroes to all but the very rich among us.

Rather than trying to eliminate Obamcare, they first will eliminate the grossly regressive FICA tax that punishes the low wage earner.

“FEDERAL TAXES DON’T FUND FEDERAL SPENDING”

They will provide a fully-funded Medicare, parts A, B and D, for every man, woman and child in America.

“FEDERAL TAXES DON’T FUND FEDERAL SPENDING”

They will provide Social Security to everyone.

“FEDERAL TAXES DON’T FUND FEDERAL SPENDING”

They will institute the balance of the Ten Steps to Prosperity (below)

“FEDERAL TAXES DON’T FUND FEDERAL SPENDING”

And yes, they will control inflation by using interest rates to increase the demand for, and the value of, the dollar.

Meanwhile, the denial of the truths of Monetary Sovereignty, and the insistence on austerity, will continue to plague America, as it has plagued all other nations.

The struggle over healthcare in America will go on and on and on,  because it will be based on the false assumptions that federal spending is “unsustainable” (the favorite word of the debt hawks) or is “socialistic” or “communistic,” or will “cause inflation” or makes the government “too big” — not one of which is true.

The Republicans are hopeless, because fundamentally they are the party of the rich, and the rich benefit from austerity.

The Democrats were the party of the working class (up through Lyndon Johnson), but became much less so with right-wingers like Clinton and Obama.

And no one in either party has shown the courage to tell the truth that really would set us free. We are waiting, waiting, waiting for a hero to say:

“FEDERAL TAXES DON’T FUND FEDERAL SPENDING”

Rodger Malcolm Mitchell
Monetary Sovereignty

It takes only two things to keep people in chains: The ignorance of the oppressed and the treachery of their leaders.

……………………………………………………………………………………………………………………………………

The single most important problems in economics involve the excessive income/wealth/power Gaps between the rich and the rest.

Wide Gaps negatively affect poverty, health and longevity, education, housing, law and crime, war, leadership, ownership, bigotry, supply and demand, taxation, GDP, international relations, scientific advancement, the environment, human motivation and well-being, and virtually every other issue in economics.

Implementation of The Ten Steps To Prosperity can narrow the Gaps:

Ten Steps To Prosperity:
1. ELIMINATE FICA (Ten Reasons to Eliminate FICA )
Although the article lists 10 reasons to eliminate FICA, there are two fundamental reasons:
*FICA is the most regressive tax in American history, widening the Gap by punishing the low and middle-income groups, while leaving the rich untouched, and
*The federal government, being Monetarily Sovereign, neither needs nor uses FICA to support Social Security and Medicare.
2. FEDERALLY FUNDED MEDICARE — PARTS A, B & D, PLUS LONG TERM CARE — FOR EVERYONE (H.R. 676, Medicare for All )
This article addresses the questions:
*Does the economy benefit when the rich can afford better health care than can the rest of Americans?
*Aside from improved health care, what are the other economic effects of “Medicare for everyone?”
*How much would it cost taxpayers?
*Who opposes it?”
3. PROVIDE AN ANNUAL ECONOMIC BONUS TO EVERY MAN, WOMAN AND CHILD IN AMERICA, AND/OR EVERY STATE, A PER CAPITA ECONOMIC BONUS (The JG (Jobs Guarantee) vs the GI (Guaranteed Income) vs the EB) Or institute a reverse income tax.
This article is the fifth in a series about direct financial assistance to Americans:

Why Modern Monetary Theory’s Employer of Last Resort is a bad idea. Sunday, Jan 1 2012
MMT’s Job Guarantee (JG) — “Another crazy, rightwing, Austrian nutjob?” Thursday, Jan 12 2012
Why Modern Monetary Theory’s Jobs Guarantee is like the EU’s euro: A beloved solution to the wrong problem. Tuesday, May 29 2012
“You can’t fire me. I’m on JG” Saturday, Jun 2 2012

Economic growth should include the “bottom” 99.9%, not just the .1%, the only question being, how best to accomplish that. Modern Monetary Theory (MMT) favors giving everyone a job. Monetary Sovereignty (MS) favors giving everyone money. The five articles describe the pros and cons of each approach.
4. FREE EDUCATION (INCLUDING POST-GRAD) FOR EVERYONEFive reasons why we should eliminate school loans
Monetarily non-sovereign State and local governments, despite their limited finances, support grades K-12. That level of education may have been sufficient for a largely agrarian economy, but not for our currently more technical economy that demands greater numbers of highly educated workers.
Because state and local funding is so limited, grades K-12 receive short shrift, especially those schools whose populations come from the lowest economic groups. And college is too costly for most families.
An educated populace benefits a nation, and benefitting the nation is the purpose of the federal government, which has the unlimited ability to pay for K-16 and beyond.
5. SALARY FOR ATTENDING SCHOOL
Even were schooling to be completely free, many young people cannot attend, because they and their families cannot afford to support non-workers. In a foundering boat, everyone needs to bail, and no one can take time off for study.
If a young person’s “job” is to learn and be productive, he/she should be paid to do that job, especially since that job is one of America’s most important.
6. ELIMINATE CORPORATE TAXES
Corporations themselves exist only as legalities. They don’t pay taxes or pay for anything else. They are dollar-transferring machines. They transfer dollars from customers to employees, suppliers, shareholders and the government (the later having no use for those dollars).
Any tax on corporations reduces the amount going to employees, suppliers and shareholders, which diminishes the economy. Ultimately, all corporate taxes come around and reappear as deductions from your personal income.
7. INCREASE THE STANDARD INCOME TAX DEDUCTION, ANNUALLY. (Refer to this.) Federal taxes punish taxpayers and harm the economy. The federal government has no need for those punishing and harmful tax dollars. There are several ways to reduce taxes, and we should evaluate and choose the most progressive approaches.
Cutting FICA and corporate taxes would be a good early step, as both dramatically affect the 99%. Annual increases in the standard income tax deduction, and a reverse income tax also would provide benefits from the bottom up. Both would narrow the Gap.
8. TAX THE VERY RICH (THE “.1%) MORE, WITH HIGHER PROGRESSIVE TAX RATES ON ALL FORMS OF INCOME. (TROPHIC CASCADE)
There was a time when I argued against increasing anyone’s federal taxes. After all, the federal government has no need for tax dollars, and all taxes reduce Gross Domestic Product, thereby negatively affecting the entire economy, including the 99.9%.
But I have come to realize that narrowing the Gap requires trimming the top. It simply would not be possible to provide the 99.9% with enough benefits to narrow the Gap in any meaningful way. Bill Gates reportedly owns $70 billion. To get to that level, he must have been earning $10 billion a year. Pick any acceptable Gap (1000 to 1?), and the lowest paid American would have to receive $10 million a year. Unreasonable.
9. FEDERAL OWNERSHIP OF ALL BANKS (Click The end of private banking and How should America decide “who-gets-money”?)
Banks have created all the dollars that exist. Even dollars created at the direction of the federal government, actually come into being when banks increase the numbers in checking accounts. This gives the banks enormous financial power, and as we all know, power corrupts — especially when multiplied by a profit motive.
Although the federal government also is powerful and corrupted, it does not suffer from a profit motive, the world’s most corrupting influence.
10. INCREASE FEDERAL SPENDING ON THE MYRIAD INITIATIVES THAT BENEFIT AMERICA’S 99.9% (Federal agencies)Browse the agencies. See how many agencies benefit the lower- and middle-income/wealth/ power groups, by adding dollars to the economy and/or by actions more beneficial to the 99.9% than to the .1%.
Save this reference as your primer to current economics. Sadly, much of the material is not being taught in American schools, which is all the more reason for you to use it.

The Ten Steps will grow the economy, and narrow the income/wealth/power Gap between the rich and you.