Either the federal government pays the postal service, and it costs you nothing, or you pay. Choose.

People, who do not understand federal finances, believe that when the federal government spends, taxpayers pay.Bernanke quote.png

Actually, that is true of state and local governments, but not true of the federal government.

The federal government uniquely is Monetarily Sovereign, meaning that federal taxes do not fund federal government spending.

Even if all federal tax collections were $0, the federal government could continue spending, forever.Greenspan quote.png

Keep that in mind as you read the following.

No post office aid without Amazon price increase – Trump
Apr. 24, 2020 3:55 PM ET|About: Amazon.com, Inc. (AMZN)|By: Brandy Betz, SA News Editor
During a press briefing in the Oval Office, President Donald Trump said he would block federal aid for the U.S. Postal Service unless it raises shipping rates for Amazon and other online companies.

Key quote: “The Postal Service is a joke. Because they’re handing out packages for Amazon and other internet companies, and every time they bring a package, they lose money on it. The Post Office should raise the price of a package by approximately four times.”

The Postal Service says it might not make it past September without help, and Congress has authorized an up to $10B loan from the Treasury Department.

Treasury Secretary Steven Mnuchin says his team is meeting with post office officials but that “certain criteria for a postal reform program ” would be part of any loan.

Trump has been calling for the Postal Service to raise shipment prices since December 2017, often mentioning Amazon by name in his arguments.

Bottom line: Trump is trying to exact personal vengeance on the founder of Amazon, Jeff Bezos, because Bezos also owns the Washington Post, a frequent critic of Trump.St louis fed quote.png

So he wants you, a user of Amazon, and other delivery services, and the U.S. postal service, to pay more from your pocket, to satisfy his own petty grievances.

This is classic Trump.

And why does the federal government collect tax dollars it doesn’t need or use?

  1. To control the economy by taxing things it doesn’t like and by giving tax breaks to what it likes.
  2. To benefit the very rich, who run Congress, by giving them tax breaks you don’t have.
  3. To make you believe your tax dollars fund your federal benefits, so you will be discouraged from asking for more, or giving the poor more, benefits. (Think Medicare for All)warren buffet quote.png

There is not a single thing the federal government could not fund, even if it collected zero taxes. (See the Ten Steps to Prosperity, below).

So do not believe those who tell you that federal spending now means you (or your grandchildren) will pay later. That is the Big Lie of economics.

There is zero downside to federal deficit spending. No, not inflation. No, not taxes. None.

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. Provide a monthly economic bonus to every man, woman and child in America (similar to social security for all)

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 SOVEREIGNTY

Proof there is no limit to what Trump’s GOP toadies will allow.

Evidence that the GOP will do anything to turn a blind eye to the disaster caused by the most crooked, incompetent President in U.S. history. As America dies, the GOP is complicit:

Trump fired America’s pandemic response team and other ways he ‘sabotaged’ our coronavirus response

1. Trump fired the pandemic response team

In 2018, the government’s entire pandemic response chain of command was let go.

Trump shut down the global health security unit within the NSC, and the DHS epidemic team was also pushed out. No one was ever replaced.

Why did Trump decide the pandemic response team was dispensable? Simple. It was another part of Obama’s legacy that he felt the need to destroy.

James Buchanan, only the 2nd worst President in U.S. history In the 2018 American Political Science Association ranking, Donald Trump held the distinction of the number one worst American president. Donald Trump has been criticized for inconsistent policies, a lack of political experience, the cutting of funding for social services, discriminatory immigrant policies and more.

2. The CDC is getting its budget slashed

Trump’s budget request for 2021 cuts the budges for the Centers for Disease Control and Prevention or CDC by nearly 16%. The CDC is responsible for disease prevention and control in the United States.

But Trump isn’t worried about cutting funds to the entity that stops disease prevention because “it will all work out well.”

In addition to the cuts being made to the CDC, Trump is also proposing a cut to the global health fund, lowering it from $571 million to $532 million.

3. Emergency funds are drying up

Along with the missing response team, there is also the lack of a budget to contend with.

The Department of Health and Human Services has already notified Congress that it may need to transfer up to $136 million in funds to help combat the fast-moving epidemic.

This is partially because the Center for Disease Control and Prevention has already gone through the $105 million that was set aside for emergency public-health responses for infectious disease outbreaks.

4. Trump spreads misinformation

President Trump isn’t worried about the coronavirus because “the heat” will deal it, apparently.

Trump keeps repeating a false claim that Americans don’t have to worry because the Coronavirus will be defeated by warm weather.

There’s one big problem with this: scientists say the opposite.

5. The administration doesn’t heed warnings

Experts have been warning the administration, but those concerns have gone completely unheeded.

Ron Klain, for one, has been telling the Trump administration for two years that the United States was not capable of handling a pandemic. Klain served as Chief of Staff for two U.S. Vice Presidents and was also the Ebola response coordinator in 2014.

Even Bill Gates, the philanthropic billionaire, repeatedly met with John Bolton about the issue. Bill Gates warned that ongoing cuts to the global health disease infrastructure would make the United States vulnerable to “significant probability of a large and lethal modern-day pandemic occurring in our lifetimes.”

The Trump Administration didn’t listen to the words of Klain or Gates. The CDC’s global health section has been cut so drastically that staff members have been laid off in droves. The section used to work in 49 different countries, but now they have a presence in just 10.

And:

Trump Fires Watchdog Overseeing $2 Trillion in Coronavirus Stimulus Funds

One of Democrats’ most critical hang-ups in passing Senate Republicans’ draft of the coronavirus stimulus package was that the president and Treasury Secretary Steve Mnuchin would oversee a $500 billion slush fund for businesses, leading to concerns that Trump would dip into the money to bail out his own struggling resorts and hotels.

During the process, Trump assured Americans that he could handle the task responsibly: “I’ll be the oversight,” he told reporters in one of his coronavirus press conferences.

Despite efforts to hold him accountable, he has kept that vow, treating it as something between a promise and a threat.

He fired the inspector general leading the Pandemic Response Accountability Committee. Glenn Fine, the acting Pentagon watchdog who had served under both Obama and Bush, was appointed by a panel of inspectors general to ensure accountability for the $2 trillion stimulus.

And:

Trump retweeted a threat to fire Fauci after he said the US’s slow response to COVID-19 has cost lives

On Sunday, President Trump retweeted a call to fire Dr. Anthony Fauci to his 76.8 million followers.

Earlier in the day, Fauci had told CNN that “no one is going to deny” that lives could’ve been saved if the US had implemented containment measures earlier in the novel coronavirus outbreak.

A week ago, at a White House briefing, Trump stopped Fauci from weighing in on using hydroxychloroquine, a malaria drug, for people with COVID-19, the illness caused by the coronavirus.

And:

Fact check: Trump wrongly declares some states don’t have ‘any problem’ with coronavirus

President Donald Trump inaccurately declared at Thursday’s White House coronavirus briefing that some states do not have “any problem” with the virus’s outbreak, minimizing the situation even in the least-affected states.

Trump also repeated his incorrect suggestion that he has the power to decide when governors lift their pandemic-related restrictions. And he argued that “people should have told us” about the virus, omitting the fact that he continued to downplay the virus for weeks after public warnings.

And:

‘They’re killing us,’ Texas residents say of Trump rollbacks

Danielle Nelson’s best monitor for the emissions billowing out of the oil refineries and chemical plants surrounding her home: The heaving chest of her 9-year-old asthmatic son.

On some nights, the boy’s chest shudders as he fights for breath in his sleep. Nelson suspects the towering plants and refineries are to blame, rising like a lit-up city at night around her squat brick apartment building in the rugged Texas Gulf Coast city of Port Arthur.

Ask Nelson what protection the federal government and plant operators provide her African American community, and her answer is blunt. “They’re basically killing us,” says the 37-year-old, who herself has been diagnosed with respiratory problems since moving to the community after Hurricane Harvey in 2017.

“We don’t even know what we’re breathing,” she says.

Under President Donald Trump, federal regulatory changes are slashing requirements on industry to monitor, report and reduce toxic pollutants, heavy metals and climate-damaging fossil fuel emissions, and to work transparently with communities to prevent plant disasters — such as the half-dozen major chemical fires and explosions that have killed workers and disrupted life along the Texas Gulf Coast over the past year alone.

And that plunge in public health enforcement may be about to get even more dramatic. Last month, Environmental Protection Agency administrator Andrew Wheeler, a coal lobbyist before Trump appointed him to the agency, announced enforcement waivers for industries on monitoring, reporting and quickly fixing hazardous releases, in cases the EPA deems staffing problems related to the coronavirus pandemic made compliance difficult.

And:

US high court rejects Trump pro-pollution view of Clean Water Act 
By Mark Sherman Associated Press

Rejecting the Trump administration’s views, the Supreme Court held by a 6-3 vote that the discharge of polluted water into the ground, rather than directly into nearby waterways, does not relieve an industry of complying with the Clean Water Act.

“Wpolluiton.pnge hold that the statute requires a permit when there is a direct discharge from a point source into navigable waters or when there is the functional equivalent of a direct discharge,” Justice Stephen Breyer wrote for the court.

The decision came in a closely watched case from Hawaii about whether a sewage treatment plant needs a federal permit when it sends wastewater deep underground, instead of discharging the treated flow directly into the Pacific Ocean.

Studies have found the wastewater soon reaches the ocean and has damaged a coral reef near a Maui beach.

The Environmental Protection Agency under President Donald Trump reversed the agency’s position that Breyer noted has appeared to work well for more than 30 years.

Right-wing Justices Samuel Alito, Neil Gorsuch and Clarence Thomas dissented. “Based on the statutory text and structure, I would hold that a permit is required only when a point source discharges pollutants directly into navigable waters,” Thomas wrote, ignoring the fundamental purpose of the Clean Water Act.

And:

Trump calls fired IG who sparked impeachment a ‘disgrace’ and says someone should ‘sue his ass off’

Trump fired Michael Atkinson Friday night over the whistleblower complaint against him and urged someone to take legal action against the former official.

Atkinson was the first to tell Congress about a whistleblower complaint last year that described Trump’s pressure on Ukraine to investigate Joe Biden and his son.

The president said “he did a terrible job, absolutely terrible,” at a White House briefing Saturday. “He took a whistleblower report, which turned out to be fake, and he took it to Congress,” Trump said.

He said Atkinson didn’t request to meet with him before sharing the “fraudulent” report. Trump claimed again the conversation he had with the Ukrainian president was “perfect.”

“They give this whistleblower a status he doesn’t deserve,” he raged. “He’s a fake whistleblower and frankly, somebody ought to sue his ass.” Department of Justice Inspector General Michael Horowitz issued a statement of support for Atkinson.

He praised the IG’s “integrity, professionalism, and commitment to the rule of law” Saturday.

“That includes his actions in handling the Ukraine whistleblower complaint, which the then Acting Director of National Intelligence stated in congressional testimony was done ‘by the book,'” Horowitz wrote.

And:

Trump Administration Nixed Key CDC Job in China Months Before the Coronavirus Outbreak

Ever since the coronavirus outbreak began, the Trump administration has complained that China was not as forthcoming as it could have been with information in the initial weeks.

But the United States could have had someone from the Centers for Disease Control and Prevention on the ground who may very well have been able to detect hints of the coronavirus outbreak earlier. If the White House hadn’t eliminated the position that is.

The Trump administration nixed the position of the medical epidemiologist who was embedded in China’s disease control agency months before COVID-19 began spreading, reports Reuters.

“It was heartbreaking to watch,” said Bao-Ping Zhu, who served in the role between 2007 and 2011. “If someone had been there, public health officials and governments across the world could have moved much faster.”

Please Nominate FMLA Insights for the ABA Blawg 100 | FMLA Insights

And:

Head of vaccine development alleges ‘cronyism’ after being removed from post

The head of the federal agency charged with overseeing the rapid production of a vaccine to fight the novel coronavirus pandemic said Wednesday he was removed from his post after trying to push back against what he called “cronyism” infecting the federal effort.

Dr. Rick Bright said he was transferred “in response to my insistence that the government invest the billions of dollars allocated by Congress to address the COVID-19 pandemic into safe and scientifically vetted solutions, and not in drugs, vaccines and other technologies that lack scientific merit.”

“I am speaking out because to combat this deadly virus, science — not politics or cronyism — has to lead the way,” Bright said in a statement that came less than 24 hours after the Department of Health and Human Services circulated an internal memo, reviewed by ABC News, saying he had been promoted to a position in another agency. “Sidelining me in the middle of this pandemic and placing politics and cronyism ahead of science puts lives at risk and stunts national efforts to safely and effectively address this urgent public health crisis.”

And the dumb idea winner is:

Doctors condemn Trump idea of treating COVID-19 with disinfectant injections
After a Homeland Security official explained that sunlight and bleach can kill the coronavirus on surfaces, President Trump suggested treating COVID-19 patients by hitting their lungs with ultraviolet or “very powerful light,” or injecting them with disinfectant.

“Is there a way we can do something like that by injection inside, or almost a cleaning?” Trump said during the daily White House coronavirus briefing Thursday.

Doctors said that injecting or ingesting cleaning products was a terrible, potentially deadly idea. “It’s a common method that people utilize when they want to kill themselves,” said Dr. Vin Gupta, a pulmonologist and NBC News contributor.

Dara Kass, associate professor of emergency medicine at Columbia University Medical Center, said a U.S. emergency room will “probably get a bleach ingestion because of this.” [NBC News, The Washington Post]

Had any Democrat President made just one of the awful suggestions and decisions Trump has made, the GOP would be screaming. But now, they sit by, like dogs begging for a tidbit from their crazed, incompetent leader.

And America pays the price for the GOP neglect of duty.

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. Provide a monthly economic bonus to every man, woman and child in America (similar to social security for all)

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 SOVEREIGNTY

State bankruptcy? Another really ignorant idea from GOP’s McConnell

From getting rid of “Obamacare” (with no plan for a replacement), to torturing

Sen. Mitch McConnell files for seventh term in Kentucky
GOP Mitch McConnell

immigrant children at the border, to cutting taxes on the rich, to firing the people who were hired to deal with pandemics, to getting rid of anti-pollution laws, and on and on, the GOP is a veritable fountain of truly ignorant ideas.

The GOP ignorant-idea fountain still flows, for here is yet another one: Have states go bankrupt rather than giving them federal aid.

Gov. Pritzker rejects state bankruptcy call
McConnell floats solution to get out of pension debt
By Rick Pearson

Democratic Gov. J.B. Pritzker on Wednesday rejected Republican U.S. Senate Majority Leader Mitch McConnell’s call for a pause in federal coronavirus relief aid to the states and support for allowing states like Illinois to file bankruptcy to unload heavy public employee pension debt.

Asked about the comments during a daily coronavirus briefing , Pritzker said McConnell is “certainly important to the process of getting things done in Washington, D.C.,” but noted that “there are an awful lot of senators on both sides of the aisle that disagree with him.”

Yes, McConnell is “important”  to the process of getting things done. But there’s one problem. He doesn’t actually get anything done.

Instead, he sits on hundreds of bills, mostly because they are Democratic bills and/or are bills that would help the non-rich rather than the GOP’s favored group, the very rich.

He is worse than useless. Things happen despite him, not because of him.

“So, I’m hopeful that as a result of work that they’re doing, those (other) senators believe that states and local governments deserve and need additional support,” Pritzer said.

And seeking bankruptcy protection, Pritzker said, was not an option he has considered. The governor’s remarks came after McConnell appeared on the nationally syndicated Hugh Hewitt radio show .

The head of the Senate’s GOP majority reiterated his belief that there should be a pause to doling out additional federal aid to states to cope with a downturn in local revenues due to the pandemic.

“We’re going to push the pause button here because I think this whole business of additional assistance for state and local governments needs to be thoroughly evaluated,” he said.

“This whole business” is called pumping anti-depression dollars into the economy,” a concept either McConnell doesn’t understand, or he knows it would help prevent a depression, which he actually wants.

Why? The GOP is the party of the rich, and the rich benefit comparatively from recessions and depressions, i.e. the Gap between the rich and non-rich grows during hard times.

The wider the Gap, the richer are the rich, for it is the Gap that makes them rich. (Without the Gap, no one would be rich. We all would be the same.)

McConnell went further during a discussion about states with large public pension shortfalls, saying he would be in favor of allowing them to “use the bankruptcy route.”

Individual states do not have the power to file for bankruptcy to get out from under debt obligations, however.

“There are two reasons why state governments currently cannot use the federal bankruptcy system to reorganize their debt. First, the federal bankruptcy code does not allow—and has never allowed—state governments to declare bankruptcy. Since 1937, the bankruptcy code has allowed ‘municipalities’ to declare bankruptcy.
The term ‘municipality’ is defined in the bankruptcy code as a ‘political subdivision or public agency or instrumentality of a state.’ This definition is broad enough to include cities, counties, townships, school districts and public improvement districts. It also includes revenue-producing bodies that provide services which are paid for by users rather than by general taxes, such as bridge authorities, highway authorities and gas authorities. But it does not include state governments.
“The second reason stems from the U.S. Constitution. The contracts clause of the U.S. Constitution prohibits state governments from ‘impairing the obligation of contracts.’ As originally understood and enforced, this clause prohibited state legislatures from passing any laws to relieve either private debt or the state government’s own debt.
Beginning in 1934, however, the Supreme Court began to interpret the contracts clause more flexibly and not as an absolute bar to state debt relief laws. Even under the flexible modern approach, however, the Supreme Court in 1977 reiterated that ‘a state cannot refuse to meet its legitimate financial obligations simply because it would prefer to spend the money (on something else.)’
Thus, were Congress to amend the federal bankruptcy code to authorize states to repudiate debt, the Supreme Court would then need to decide the novel constitutional question of whether such debt repudiation would nonetheless violate the contracts clause of Article I, Section 10.”

And then we come to the really ignorant part.

“There’s not going to be any desire on the Republican side to bail out state pensions by borrowing money from future generations,” McConnell said.

“My guess is their first choice would be for the federal government to borrow money from future generations to send it down to them now so they don’t have to do that,” he said. “That’s not something I’m going to be in favor of.”

This image has an empty alt attribute; its file name is st-louis-fed-quote.pngIf you understand the previous, ignorant paragraph, please let me know what it means.

The federal government does not borrow. As the Fed says, the federal government (unlike state and local governments) is not dependent on credit markets to remain operational.

What wrongly is termed “borrowing” actually is the acceptance of deposits into Treasury Security accounts (T-bills, T-notes, T-bonds).

The deposits remain in the accounts, earning interest, until maturity, at which time they are returned to the account owners. No taxes or taxpayers are involved.

The federal government never touches these deposits. Why? Because being Monetarily Sovereign, the federal government has the unlimited ability to create U.S. dollars. It never can run short of dollars.This image has an empty alt attribute; its file name is greenspan-quote-2.png

So why does the government issue T-securities, if it doesn’t need or use the money? Two reasons:

  1. To provide a safe place to park unused dollars, which helps stabilize the dollar, and
  2. To help the Fed control interest rates, and thereby control inflation.

McConnell either knows all of the above, in which case he is lying to the American public, or he doesn’t know it, in which case he is far too ignorant to be a U.S. Senator, much less the Senate Majority Leader.

Illinois has a worst-in-the-nation $138 billion unfunded public employee pension liability. Some Republicans have discussed whether the state should ask the federal  government to allow it to file for bankruptcy.

At present, such a move is prevented by the “sovereign immunity” clause against states afforded by the U.S. Constitution.

It also would be fraught with complications, potentially increasing costs for states to borrow if investors were not protected for bonds taken out for things like road construction.

More importantly, McConnell’s idea (if one can call it an “idea”) would transfer dollars from one part of the private sector and give it to another part of the private sector.

This would bring no net value to the economy, and do nothing to prevent recessions or depressions.

By contrast, if the federal government financially supports states, it creates brand new dollars, a net benefit to the entire economy and part of the effort to prevent recessions and depressions.

You can decide which.

Democrats in Washington, including House Speaker Nancy Pelosi, have said federal dollars for state and local governments have to be part of the next coronavirus relief package.

The House is scheduled to vote this week to approve a measure to replenish the federal Paycheck Protection Plan aimed at helping small businesses keep workers on the payroll.

McConnell and Senate Republicans rejected Pelosi’s attempt to inject federal aid to states in the small-business funding measure.

The GOP doesn’t want to help the states for two main reasons:

  1. The states having the most difficult financial problems are those having the largest cities, where minority voters are given voice, i.e. “blue” states. The GOP states are the ones doing the most to prevent minorities from voting.
  2. Helping the states would help the non-rich, thus narrowing the Gap between the rich and the rest. The GOP, being the party of the rich, does not want the Gap to be narrowed. As the GOP demonstrated with its tax revisions, it wants the Gap to be widened.

But she told Bloomberg Television on Wednesday that the Senate GOP leader had pledged not to exceed $250 billion in funding in the latest measure and “now, we are up to $480 (billion),” including assistance to hospitals and for enhanced coronavirus testing.

The above paragraph merely demonstrates that McConnell has no real plan for growing the economy, but only wishes to obstruct anything the Democrats propose.

In summary, there are no good reasons why the federal government should not support the states. In fact, such support would cost taxpayers nothing, while helping fend off recessions and depressions.

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. Provide a monthly economic bonus to every man, woman and child in America (similar to social security for all)

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 SOVEREIGNTY

The Representative in Congress who speaks the facts. She probably is not yours.

To some, she is an extremist, even a kook. Trump would have one believe that she is too intense at wanting to help people in need, since he himself never feels that emotion.

Perhaps it is her aggressive manner. Perhaps because she is a woman, and not only a woman, but a woman of color with an alien background.Megaphone PNG

Or perhaps, because Donald Trump, who doesn’t have half her brains, fears her and so, tries to belittle her.

Or perhaps it simply is because she expresses “excessive” truth (Does that even exist?)

But for whatever reasons, I believe Alexandria Ocasio-Cortez doesn’t receive the respect she deserves:

‘Incrementalism Is Not Helpful in This Moment’: Ocasio-Cortez Rejects Settling for Crumbs in Next Covid-19 Stimulus
Posted on April 21, 2020 by Jerri-Lynn Scofield

AOC takes no prisoners in outlining what the next stimulus package must include: assistance for the vulnerable rather than massive bailouts for large companies. No wonder, Wall Street is financing a primary challenger, as The Intercept explains, WALL STREET TITANS FINANCE DEMOCRATIC PRIMARY CHALLENGER TO REP. ALEXANDRIA OCASIO-CORTEZ.

By Jake Johnson, staff writer at Common Dreams. Originally published at Common Dreams

The rich don’t like her. That tells me much.

Rep. Alexandria Ocasio-Cortez, the only Democrat in Congress to oppose the previous multi-trillion-dollar coronavirus stimulus package, said during a conference call with progressive leaders Monday that communities across the U.S. cannot afford another incremental relief bill that delivers crumbs for the vulnerable and massive bailouts for big businesses.

She is 100% correct. So far, Congress has been “too-little, too-late” — the incrementalism she talks about.

Helping the rich is OK, but helping the rest is absolutely necessary.

“Incrementalism is not helpful in this moment,” said Ocasio-Cortez, a New York Democrat.

“It’s not helpful. For people to say: ‘Oh, well, we got something, so we might as well support it. You know, we got a nickel, a dime in a trillion-dollar bill so a nickel is more than nothing, so we should support it’ is unacceptable… It’s like putting a Band-Aid on an enormous wound.”

Yes, why are we being told to accept one penicillin pill when ten are needed?

When talking about saving the economy, “more than nothing” is not good enough. It simply means a five-year depression may last only four years.

We need “more than enough.”

As the legislation that Congress passed last month fails to deliver adequate relief to workers, the unemployed, and small businesses, progressive lawmakers and outside advocacy groups are pushing for the inclusion of a slate of priorities in the next major stimulus bill, including $2,000 monthly recurring payments and opening Medicare to the unemployed and uninsured.

But the Democratic leadership is at the moment focused on negotiating interim legislation that would provide additional funding for a flawed small business loan program and hospitals while leaving out money for states and cities, hazard pay for frontline workers, and other progressive demands.

Change the above to “the weak, hesitant Democratic leadership.” The Dems have everything going for them: An incompetent, crooked, vacillating President, with an incompetent, pusillanimous GOP, plus a massive disaster that the President helped cause, and what do the Dems do? Incrementalism. Disgraceful incrementalism.

Why are the Dems letting Trump off the hook, when this is the perfect time to set the hook? The people need you to fight for them at the top of your lungs, not offer timid compromises.

“It is insulting to think that we can pass such a small amount of money in the context of not knowing when Congress is going to reconvene. And pass such a small amount of money, pat ourselves on the back, and then leave town again. I am not here to support that… I’m not here for a $5 bill. And I will not insult my community with one.”

She won’t and your Representative shouldn’t.

The impetus of Monday’s call was to outline progressive priorities for what has been dubbed “Phase Four” of the federal government’s coronavirus relief effort, which has thus far been marred by dysfunction and legislative solutions that do not come close to matching the scale of the public health and economic crisis facing the United States.

“The vast majority of people have still not received any relief and bills are piling up,” Rep. Pramila Jayapal (D-Wash.), co-chair of the Congressional Progressive Caucus, said on the call. “If we’re going to climb out of this crisis, we need bold solutions.”

The conversation was attended by a handful of Democratic lawmakers, including Reps. Rashida Tlaib (Mich.), Ilhan Omar (D-Minn.), Ayanna Pressley (Mass.), and Mark Pocan (Wis.), the other CPC co-chair. Leaders from progressive advocacy groups Indivisible, United We Dream, Community Change Action, and MoveOn also took part.

Echoing Ocasio-Cortez’s condemnation of incrementalism, the lawmakers and activists emphasized the urgency of the moment and called on the Democratic leadership to use the significant power they have to deliver a bill that—unlike the CARES Act—puts the needs of frontline workers, the unemployed, the uninsured, and other vulnerable groups ahead of corporate interests.

“Settling for less means that we lose lives,” said Tlaib.

“Settling for less” also means you lose elections.

Subscribe - SGBermanWhere is the screaming and shouting? Why do Trump and his toady GOP Congressman dominate TV? Why so few national broadcasts of Democrats who will tell it like it is, namely:

— Donald Trump is a lying, crooked, ignorant fool, unfit to be President, who blames the world for his own repeated screwups.

–The federal government has unlimited money. It needs to spend at least as much as the losses the economy is taking — and more if we actually wish to grow.

–And no, federal spending never has caused inflation, and never will cause inflation so long food and energy are not scarce.

–It’s the GOP that has prevented millions from having health care insurance, and now when insurance is needed most, people are dying from lack of health care.

Where are the loud voices when we need them?

Earlier this month, as Common Dreams reported, the Executive Board of the CPC outlined a number of demands for the next stimulus package.

The Progressive Caucus is demanding monthly $2,000 stimulus payments to all U.S. households, a nationwide moratorium on evictions and foreclosures, nationwide vote-by-mail, and a suspension of all consumer debt collection.

  1. The monthly stimulus payments are good, but I would make them “per-person,” not “per-household.” A family of ten needs more support than does a family of two.
  2. No moratorium on evictions and foreclosures. That just passes the grief down to creditors and landlords. Instead, give the people the money to pay those debts.
  3. Yes, vote by mail. The GOP pretends to hate voter fraud, while they are the kings of gerrymandering and hidden polling places. There is no evidence that mail voting increases voter fraud.
  4. And no, do not suspend debt collect. Again, this just punishes creditors. Give people money, and good people will pay their bills. Bad people shouldn’t be rewarded at the expense of good lenders.

On the conference call Monday, participants stressed that relief must be made available to those who were neglected or entirely left out of previous bills, such as undocumented immigrants.

Whether the Democratic leadership is willing accept any of the progressives’ demands, and how quickly another massive stimulus package could come together, remains to be seen.

Yes, support undocumented immigrants. We now are learning that they are largely responsible for supplying us with our farm-grown food.

In a Dear Colleague letter on Saturday, House Speaker Nancy Pelosi (D-Calif.) wrote vaguely that as negotiations with the Trump administration over the interim legislation move forward, “we are working on CARES 2 to prepare for the path ahead to support the lives and livelihoods of the American people.”

“It is recognized that the key to opening our economy is testing, treatment, contact tracing, and quarantine,” said Pelosi. “It is self-evident that America’s heart is full of love. Let us be worthy of the American people’s generosity of spirit.”

Yes, blah, blah, blah. Where are the public demands? Where is the outrage? Where is the justified finger-pointing and laying of blame?

Why not use this occasion to gain much-needed public support?

On the conference call, progressive lawmakers voiced frustration about the lack of transparency surrounding the interim bill, lamenting—like Ocasio-Cortez—that most of what they know about the legislation has come from news reports.

A typical Pelosi “I-know-better-than-you” system. Make it all public so the people can see what the GOP is hiding from them. Why play into Trump’s greedy, little hands?

Leah Greenberg, co-executive director of Indivisible, raised concern Monday that if Democratic leaders give Republican lawmakers and the Trump administration what they want in the interim legislation, progressives will “have less leverage for the coming fights.”

“We know that Republicans are taking advantage of this moment to shovel more money to big corporations. They are simply indifferent to the human suffering that is unfolding before our eyes,” said Greenberg. “That’s why it’s so critical that Democratic leadership use their leverage and the full power of the House to demand solutions that rise to the needs of the moment.”

So say it, again, and again, and again, on TV, on the radio, in tweets. LOUDLY DEMAND that the government support the poor and middle-income people.

Jayapal echoed Greenberg, saying the Progressive Caucus has “real concerns about giving away leverage now without getting some of the priorities that we need.”

“We have to recognize the urgency of the moment, the scale of the crisis,” said Jayapal. “We cannot just give away the things that Republicans want most when we know that they’re not going to fix the problem that is in front of us.

This moment will not come again. GOP incompetence, arrogance and favoring the rich, while the rest of us suffer and die. If the Dems don’t do it now, they never will win as a party.

And no one wants to vote for losers.

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Obama health care guru has been right
His message about coronavirus: This will be over, but it’ll hurt
Inverview with Andy Slavitt, once-acting administrator at the Centers for Medicare and Medicaid, at the Department of Health & Human Services in Washington.
By Christopher Borrelli

Q: How much of our situation traces to a decline in the lack of trust and belief that many Americans, and the White House, have shown for science and expertise?Amazon.com : Hammer + Axe Handheld Megaphone, Bullhorn Loudspeaker ...

A: Some of it. Absolutely. The cold hard fact is we were late, we didn’t start making tests, securing ventilators, we didn’t start planning until months after we should have.

Even if you put aside the Trump administration getting rid of Obama’s pandemic-response team and defunding the CDC, the danger of starting late is you’re chasing something growing exponentially. You’re swimming after a speed boat.

There were two months while the rest of the world prepared, but CDC scientists felt hemmed based on this president’s reaction.

He didn’t understand or want to. As opposed to how a wartime president might have seen it — and this is war — he saw it as a reflection on him.

There’ll be time for historians to assign blame. But if he had paid as much attention to scientists as he had Wall Street, we’d be in a better place.

We’d be in a better place if the Dems weren’t so cautious and timid, and the entire GOP wasn’t sucking up to a psychopath. (For the technical criteria for a psychopath and why Trump matches them, click here.)

God save America.

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

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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. Provide a monthly economic bonus to every man, woman and child in America (similar to social security for all)

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 SOVEREIGNTY