Imagine you are Jeff Bezos, the $175 billion man. Your children are starving. They ask you for $10 so they can buy some food. You debate about whether to offer even $2.

That is the GOP Senate, today.

Parties remain divided over virus aid package
Some Republicans balk over price tag as deadline looms
By Lisa Mascaro Associated Press

WASHINGTON — The differences over the next coronavirus aid package are vast: Democrats propose $3 trillion in relief and Republicans have a $1 trillion counteroffer. At stake are millions of Americans’ jobless benefits, school reopenings and eviction protections.

Given that the federal government already has demonstrated it has unlimited money, and that infusions of money protect the economy and the people of America, why the reluctance to spend?

Striking any agreement between Congress and President Donald Trump by Friday’s deadline for expiring aid will be daunting.

“We cannot afford to fail,” Senate Democratic leader Chuck Schumer said.

The outcome will be a defining one for the president and the parties heading into the November election as an uneasy nation is watching and waiting for Washington to bring some end to the health crisis and devastating economic fallout.

Given that adding dollars to the economy will stimulate economic growth, and a growing economy will benefit Trump’s re-election chances, why is it the Democrats who wish to spend and the Republicans who are reluctant?

Key to the debate is the $600 weekly unemployment benefit bump that is expiring for millions of jobless Americans.

Republicans want to slash it to $200 a week as an incentive to push people back to work.

Given that millions of people are out of work, not because they quit, but were fired, and there are not enough jobs available to hire them back, why do Republicans insist there is a need or even a way to “push people back” to non-existent jobs?

Defending cuts to unemployment assistance, Republicans said the federal supplement is too generous, on top of state benefits, and people should not be paid more while they are at home than they would if they were on the job.

Given that giving Americans more money will allow them to spend more, which will help American businesses survive, why are Republicans concerned that the federal supplement is “too generous”?

With the virus death toll climbing and 4.2 million infections nationwide, both parties are eager for relief.

There is some agreement that more money is needed for virus testing, to help schools prepare to open in the fall and to shore up small businesses.

Half the Republican senators are expected to oppose any bill.

They warned against caving to liberal demands and worried the price tag will balloon past $1 trillion.

The Republicans come to the negotiating table hobbled by infighting and delays. Conservative Republicans quickly broke ranks, arguing the spending was too much and priorities misplaced.

“It’s a mess,” said Sen. Josh Hawley, R-Mo. “I don’t know what we’re trying to accomplish.”

Those words, “I don’t know what we’re trying to accomplish,” will live in infamy, for that is exactly the situation. Here are what seem to be the Republican goals.

  1. Re-elect themselves.
  2. Re-elect Trump.
  3. Grow the economy.
  4. “Open” the economy.
  5. Get people back to work.

But they want to accomplish the above without:

  1. Aiding consumers so they will spend more.
  2. Aiding schools so they can create virus-free environments.
  3. Aiding states so they can, in turn, aid their counties and cities.
  4. More virus testing.
  5. Demanding mask-wearing.
  6. Offering any kind of unified recovery plan.
  7. Doing anything liberals might like.
  8. Benefitting the poor and middle-income groups.

When you don’t know what you are trying to accomplish, there is no hope you ever will accomplish it.

There are two steps Congress and the President could take that very quickly would return America to some semblance of normal:

  1. Pump dollars into the pockets of consumers.Your maks protects me.png
  2. Universal mask-wearing.

With regard to mask-wearing, the fault lies directly at the feet of the President. Recently there appeared an article that read like this:

Shops: No shoes, no shirt, no service.
People: OK. No problem.

Traffic Laws: Wear a seatbelt in a car or be ticketed. No drinking and driving.
People: OK. No problem.

OSHA; At work in a dangerous place you must wear safety gear.
People: OK. No problem.

Airlines: You must be seated, with your seatbelt buckled and your tray table up. No smoking.
People: OK. No problem.

Do not go down the “up” escalator.
People: OK. No problem.

TSA: Remove your shoes & belt; empty your pockets; put your luggage on the belt; and go through the X-ray machine.
People: OK. No problem.

Schools: Children are not allowed to bring guns into the school.
People: OK. No problem.NO ANIMALS ALLOWED IN A FOOD FACILITY SIGN (ALUMINUM SIGN) | HPD ...

Food processor: No animals allowed in a food facility.
Workers: OK. No problem.

Today’s stores: Please wear a mask to reduce the risk of infecting others and yourself with the deadly CORONA virus.
People: Don’t try to take away my rights and freedoms. If the President doesn’t have to wear a mask, neither do I.

Way back, on May 5th, 2020, we published:

The surprisingly simple way to open America in 14 days and avoid a depression.
COVID-19 transmits primarily through the air by droplets. Stop the droplets and you stop the transmission. The incubation period is 14 days. If everyone wore a mask, even just a simple cloth mask, the virus would cease to be transmitted in two weeks.

The was 2 1/2 months ago, and nothing that has happened since, to change the prescription.

Even without social distancing, even with handwashing, even without scrubbing down facilities, even without a cure or a vaccine, the simple act of universal mask-wearing would create a kind of “herd immunity” that would end the disaster.

Yet here we are, still fiddling. And America is burning.

Rodger Malcolm Mitchell

Monetary Sovereignty Twitter: @rodgermitchell Search #monetarysovereignty Facebook: Rodger Malcolm Mitchell …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..

THE SOLE PURPOSE OF GOVERNMENT IS TO IMPROVE AND PROTECT THE LIVES OF THE PEOPLE.

The most important problems in economics involve:

  1. Monetary Sovereignty describes money creation and destruction.
  2. Gap Psychology describes the common desire to distance oneself from those “below” in any socio-economic ranking, and to come nearer those “above.” The socio-economic distance is referred to as “The Gap.”

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 Monetary Sovereignty and The Ten Steps To Prosperity can grow the economy and narrow the Gaps:

Ten Steps To Prosperity:

1. Eliminate FICA

2. Federally funded Medicare — parts A, B & D, plus long-term care — for everyone

3. Social Security for all or a reverse income tax

4. Free education (including post-grad) for everyone

5. Salary for attending school

6. Eliminate federal taxes on business

7. Increase the standard income tax deduction, annually. 

8. Tax the very rich (the “.1%”) more, with higher progressive tax rates on all forms of income.

9. Federal ownership of all banks

10.Increase federal spending on the myriad initiatives that benefit America’s 99.9% 

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

MONETARY SOVEREIGNTYFchilde