SOCIALISM! The Green New Deal socialism monster under your bed Tuesday, Mar 19 2019 

Perhaps you were one of those children who feared the night monster hiding under your bed or in your closet. Perhaps you thought you could hear the night monster sneaking around you while you pulled the covers over your head.

Typical anti-socialism cartoon, misrepresenting the facts

Typical anti-socialism cartoon, misrepresenting the facts

Today, as an adult, perhaps you now fear the Green New Deal (GND) socialism monster. The GND socialism monster and the night monster have much in common.

Both scare you. Both are commonly believed in by the unknowing. And both are imaginary.

SOCIALISM: “A theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.”

The words ownership and control are bolded because they are key. When the government owns and controls something, for instance, a Veterans Administration hospital, that is an element of socialism.

But when the government merely provides funds, as when Medicare pays your hospital and doctor bills, that may be progressivism, but it is not socialism.

The abject failures of Russia’s and Venezuela’s socialist and criminal governments often are given as examples of why socialism “doesn’t work.” But do we give the examples of Greece and Brazil to demonstrate why capitalism “doesn’t work.”

It isn’t socialism that has injured Russia and Venezuela; it’s criminal dictatorships — closer to Donald Trump’s administration of criminals than to real socialism.

We Americans wisely accept some elements of socialism, i.e. government ownership and control, in our capitalistic nation. For example:

Image result for socialism cartoons

The GOP wants you to believe that government spending is socialism.

The list goes on and on. In fact, a capitalistic government could not survive without many socialist elements.

So when pundits complain that this benefit or that program is “socialist,” they merely are using a word that has become a pejorative to the ears of Americans — and that’s why they use it: For psychological impact when facts don’t matter.

Socialism, in of itself, is not a bad thing. Unless you wish to get rid of the military, the national highway system, et al, we always will, always must, have some socialism to protect us.

In fact, when Trump derides “Medicare for All” as “socialism,” he conveniently forgets that his demand for $6 billion dollars to extend the border wall, also is socialism.

The GND monster is not socialism. It is not even a law. It is a set of goals and directions toward preventing the collapse of our ecology and our economy, due to global warming.

If, like Trump, you claim global warming is a Chinese hoax (and that Trump University was a real university, and that Trump never would cheat on his wives, his taxes, or his employees), you are fact-averse, and you now have permission to return to the cult.

Otherwise, you understand that human-caused global warming is a real threat to our grandchildren, a threat we are causing, a threat we cannot ignore as it gets worse and worse.

This is Rep. Alexandria Ocasio-Cortez’s, and Sen. Ed Markey’s, framework defining what they call a “Green New Deal”:

  • upgrading all existing buildings in the country for energy efficiency;
  • working with farmers “to eliminate pollution and greenhouse gas emissions … as much as is technologically feasible” (while supporting family farms and promoting “universal access to healthy food”);
  • Overhauling transportation systems to reduce emissions — including expanding electric car manufacturing, building charging stations everywhere, and expanding high-speed rail to a scale where air travel stops becoming necessary;
  • A guaranteed job with a family-sustaining wage, adequate family and medical leave, paid vacations and retirement security for every American;
  • High-quality health care for all Americans.

For those with no imagination, all goals are unrealistic.

Contrary to what Trump’s pundits want you to believe, Ocasio-Cortez and Markey are not stupid. They do not propose killing cows to prevent cow-farts. They do not propose taking away your cars and tractors.

(An otherwise intelligent friend of mine confided in me that he was worried about the Democrats taking away airplane travel.) Such is the power of rumor and conspiracy-mongering.

Trump’s conservatives, predictably, denounced the GND. After all, conservatism wishes to “preserve or restore what is established and traditional and to limit change.”

Conservatives tend especially to embrace strict interpretations of religion because religion does not easily change. Religion does not create any new thing. Religion did not create modern medicine, or electronics, today’s machinery.  Though most religions preach kindness to the poor, a left-wing notion, religion itself is conservative. The “Word” does not change and those who try to change it are derided as “blasphemous.”

Conservatives tend to be anti-science, because science creates change. So when the vast majority of professional climatologists say that the world is warming, humans are contributing to it, and this will be to our detriment, conservatives try to dig up nay-sayers, who say, in essence, “Do nothing and all will be well.

(That also is why the anti-vaccination movement is fundamentally conservative. If those folks had their way, smallpox still would be killing millions.)

And just as anti-science conservatives do not want us to understand the science of climatology, they also misrepresent the science of economics by threatening us with the “Green New Deal” socialism monster.

It’s so easy to claim that the government is incompetent, wasteful, and less able to accomplish good things than the private sector, and in many cases that is true.

But there are some things the federal government is able to do better than the private sector, the most prominent of which is: Create and spend dollars.

This is especially true of big projects or projects that have no profit motive, like free national highways, armies, space exploration, free libraries, free public schools, et al. Left to the private sector, these things would not exist in America.

The federal government has the unlimited ability to pay for anything. It can pay to upgrade existing buildings, though upgrading “all” existing buildings within a short time period would be functionally impossible.

It could pay farmers to “eliminate pollution and greenhouse gas emissions … as much as is technologically feasible”

It could pay for “expanding electric car manufacturing, building ‘charging stations everywhere,'” and expanding high-speed rail, reducing the use of air travel. It also could pay for research to make air travel less carbon intensive.

And those government dollars will stimulate economic growth for more than have Trump’s tax cuts for the rich.

The federal government has the ability to pay for all the things the GND proposes. And while accomplishing these things in the goal of ten years may not be feasible, as Laozi said, “A journey of a thousand miles begins with the first step.

That journey also begins with a goal. The Green New Deal provides us with the goal — a goal of saving the world for our children. If we allow the conservatives to do nothing, our children will suffer, and they will know it was we who did this.

They will look upon us in the same way as we look upon the religious fanatics who tortured and murdered those who claimed the sun circled the earth — as ignorant savages who refused the truth.

Now, we must convince the Democrats to have courage, and not to fear the Green New Deal (GND) socialism monster. It is a friendly monster that can save the world.

Rodger Malcolm Mitchell
Monetary Sovereignty
Twitter: @rodgermitchell
Search #monetarysovereigntyFacebook: Rodger Malcolm Mitchell

…………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..

The most important problems in economics involve the excessive income/wealth/power Gaps between the richer and the poorer.

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

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 you.

MONETARY SOVEREIGNTY

Medicare for All: The real stumbling block Sunday, Mar 17 2019 

Imagine that everyone in America — you, your family, your friends and neighbors — everyone,  could receive health care from doctors, hospitals, rehab facilities, extended care facilities, and all pharmaceuticals and equipment, and never have to worry about cost.

Related image

A choice?

Imagine you being forced to choose between your financial devastation vs. sickness or death for your loved ones.

Then, imagine the federal government paying all your health-related bills, leaving you free from worry.

The rich in America already live in such a glorious world, but for most of us, current and future health affordability is an ongoing concern.

Yet, many non-rich Americans oppose even the concept of Medicare for All. Why?

1. It’s unsustainable. Debt fear mongers have been promulgating that myth for at least 80 years.In 1940, when the federal debt was $40 Billion, the fear-mongers were calling it a “ticking time bomb.

“Every year afterward, they have pounded the same lies into our brains: “The federal government will go broke. It’s “unsustainable.” Your children’s taxes will have to go up.”

Today, the debt is $20 Trillion, and the government has not gone broke, and indeed cannot go broke, and taxes have not risen.

2. It’s socialism. Actually it isn’t. It’s progressivism. Socialism is government ownership and control, not merely government support.

The federal government supports many things: Social Security, Medicare, Medicaid, poverty aids, education, etc. Shall we eliminate them?

Additionally, we do allow many forms of real socialism: The military, roads, bridges and dams, public libraries, NASA, the VA, etc. Shall we eliminate those, too?

3. It will cause inflation or hyperinflation. Although in the past 80 years, federal debt has risen an astounding 50,000%, inflation has averaged close to the Fed’s 2.5% target.

The reason is that the Fed has tools it needs to prevent and cure inflations, among which is: Control over interest rates.

Raising rates increases demand for the dollar, making it more valuable, so fewer dollars are needed to buy goods and services.

While federal “debt” (blue, i.e. deposits into T-security accounts) increased massively, inflation (red) increased modestly.

4. We don’t have enough resources. What this really means is: “If the poor start using doctors, hospitals, et al, then there won’t be enough doctors and hospitals for me.”

These objectors believe that a viable health-care system relies on the poor not being able to afford health-care — that “limited” resources should be reserved for the wealthier among us. This is America?

A nation’s resources grow with the money available to  pay for them. Funded by a government’s unlimited ability to pay, resources are unlimited.

5. It will take money and jobs from the health insurance industry. Right, just as public transportation takes money and jobs from taxi drivers.

Some jobs will be added in the federal sector. But in any event, the notion that the poor should do without healthcare so that the insurance industry can keep its jobs is ridiculous. It’s an example of misplaced priorities.

The above are fake reasons, used to conceal the real reason, which is described in the following, brief, “THE WEEK Magazine” (2/22/19) article:

Despite all the attention tech gets, the biggest five insurance and health benefits companies have greater revenues than the FAANGS – Facebook, Amazon, Apple, Netflix, and Google.

The top five health insurers and benefit managers expect &787 billion in revenue for 2019, compared with $784 billion for the FAANGS.

Pharmacy benefit manager CVS, the biggest of the health-care group, expects revenues of $246 billion.

In short, the insurance companies, that massively bribe politicians with campaign contributions and promises of lucrative employment later, don’t want the federal government to offer you better, more comprehensive, no deductible insurance at no cost.

OpenSecrets.org reveals:

One-third of Senate Democrats have cosponsored the Medicare for All Act, which Sanders introduced in September.

Democrats who haven’t cosponsored the bill received 146 percent more money on average from health insurance companies between 2011 and 2016 than those who have ($147,186 to $59,789)

If you’ve been told lies #1 thru #5, there is a good chance the source either is ignorant of economic reality or has been bribed by the health insurance industry.

Rodger Malcolm Mitchell
Monetary Sovereignty
Twitter: @rodgermitchell
Search #monetarysovereigntyFacebook: Rodger Malcolm Mitchell

…………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..

The most important problems in economics involve the excessive income/wealth/power Gaps between the richer and the poorer.

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

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 you.

MONETARY SOVEREIGNTY

What is DARVO, and how does it apply to Trump? Wednesday, Mar 13 2019 

Here are excerpts from an article in the March 13, 2019 Chicago Tribune:

 At the climax of Gayle King’s interview with R. Kelly, he tries to take control of the situation by making it emotional.

First Kelly addresses the camera directly as if this were not King’s interview, and then he tries to force her into a showdown by jumping from his seat into an arm-flailing rage.

King too refuses to engage. She remains calm and watches him for a while before shutting him down with a single word: “Robert.”

Last week, that interview, and the image of Kelly looming above the still-seated and Sphinx-like King burned through the multiple layers of our collective conscious as if it too were powered by the Tesseract.

The rage building in Kelly as the interview continues is obvious; before he leaps to his feet, he punches his fist into his hand so hard you can hear it, and as it becomes clear that King did not come to play softball, he addresses the camera directly, attempting to hijack the interview and turn it into a personal service announcement.

“It sounds like you think you’re the victim,” King says at one point. “You’re playing the victim card.”

If this sounds familiar — a celebrity being accused of a crime, responds by denying, then attacking, then finally assuming the role of the victim — it should.

It’s so common, it even has a name, the acronym: DARVO

Quoting from an article about this pattern, “DARVO refers to a reaction perpetrators of wrongdoing, particularly sexual offenders, may display in response to being held accountable for their behavior.

DARVO stands for “Deny, Attack, and Reverse Victim and Offender.”

The perpetrator or offender may Deny the behavior, Attack the individual doing the confronting, and Reverse the roles of Victim and Offender such that the perpetrator assumes the victim role and turns the true victim — or the whistleblower — into an alleged offender.

This occurs, for instance, when an actually guilty perpetrator assumes the role of “falsely accused” and attacks the accuser’s credibility and blames the accuser of being the perpetrator of a false accusation.

Image result for kavanaugh cryingIt should sound familiar, because Brett Kavanaugh turned it into an art form with his over-the-top, melodramatic, weeping performance during his Supreme Court confirmation hearings.

He first denied accusations of sexual assault, then he attacked the women making the accusation, and finally he put on a “Reverese Victim and Offender” performance worthy of an Oscar.

It worked for him.

He may have learned the schtick from Judge Clarence Thomas, who pulled the same, successful stunt during his confirmation hearings.

(Now that we have at least two accused sexual predators on the court, watch them vote against abortion. Ah, but men voting against women is another issue.)

It also should sound familiar, because DARVO is the modus operandi of President Donald J. Trump.

When Trump is accused of anything his pattern is first to deny (“It’s a witch hunt”) and lie, ( Both the Judge and the lawyer in the Paul Manafort case stated loudly and for the world to hear that there was NO COLLUSION with Russia),

then to attack the accuser, (  Despite the most hostile and corrupt media in the history of American politics, the Trump Administration has accomplished more in its first two years than any other Administration.

and finally to adopt the “woe-is-me” position that he really is the victim ( PRESIDENTIAL HARASSMENT!)

As Trump said in a video, “I’ve had many false accusations. I’ve had it all — I’ve had so many. And when I say it didn’t happen, nobody believes me.” 

He even is wrong about that. His remaining followers believe him on everything he says, no matter how patently false.

When you hear Trump moan about the unfairness of life, and the burden he must carry, remember this:

Don Lemon: “The New York Times reports his father gave him the equivalent of $413 million.

He’s plastered his name on buildings around the world.

He married one beautiful woman after another and divorced and had six children among them, turned his fame into reality TV stardom, and now he lives in the White House.

“Only Donald Trump could call himself a victim with a straight face. But he does it again and again and again.”

The next time you see Trump speak, or you read something he said, remember DARVO — Deny (and lie), Attack, Reverse Victim and Offender.

You’ll be able to mark the exact points in his speach when he adopts his familiar pattern.

Rodger Malcolm Mitchell
Monetary Sovereignty
Twitter: @rodgermitchell
Search #monetarysovereigntyFacebook: Rodger Malcolm Mitchell

…………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..

The most important problems in economics involve the excessive income/wealth/power Gaps between the richer and the poorer.

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

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 you.

MONETARY SOVEREIGNTY

Translating a letter from a debt nut Monday, Mar 11 2019 

Herewith, for your education and amusement, we translate into correct economics,  the opinions of a certifiable, wrong-headed debt nut:
The following is a statement from Maya MacGuineas, president of the Committee for a Responsible Federal Budget:

President Trump’s budget aims to reverse an unsustainable fiscal situation and put debt on a downward path relative to the economy.
Unfortunately, as in previous years, he relies on far too many accounting gimmicks and fantasy assumptions and puts forward far too few actual solutions.
Translation: The Republican budget that President Trump has not, and cannot, read aims to continue a sustainable (since 1940) fiscal situation and put deposits into T-security accounts on an upward path.
Unfortunately, as in previous years, he relies on far too many accounting gimmicks and fantasy assumptions and puts forward far too few actual solutions.
Even full of accounting gimmicks meant to paper over deficits, the President’s Budget would still borrow $7.8 trillion over the next decade.
Under reasonable economic assumptions, however, we find it would be closer to $10.5 trillion.
Translation: Even full of accounting gimmicks meant to paper over stimulative additions to the economy, the Republican Budget that Trump hasn’t read, would still accept $7.8 trillion in T-security account deposits over the next decade.
Under reasonable economic assumptions, however, we find it would be closer to a $10.5 trillion addition to the economy.
Image result for signing blind

How Trump signs GOP bills.

President Trump has already signed into law debt-financed tax cuts and spending increases that will add $2.3 trillion to the debt over the next decade, despite budgets that proposed revenue-neutral tax reform and spending reductions.
This budget does nothing to address or pay for these expanded deficits – in fact, it assumes the tax cuts are extended without even recognizing the cost.

Translation: President Trump has blindly signed into law tax cuts and spending increases that will add $2.3 trillion to the economy over the next decade, despite recessionary budgets that proposed disastrous tax increases and spending reductions.

This budget does nothing to take advantage of the government’s unlimited ability to pay for these expanded additions to the economy – in fact, it assumes the tax cuts are extended without even recognizing the benefits.
Perhaps most disappointing is the decision to continue
Image result for money pouring into a hand

Deficits –federal tax cuts and spending — add growth dollars to the economy.

And expand recent defense increases by funding almost $100 billion in new spending through an off-book emergency war account.

This Overseas Contingency Operations (OCO) gimmick is not new, but the proposed abuse of this account rises to a new level never before seen and sets a dangerous precedent.
Translation: Perhaps most encouraging is the decision to continue and expand recent defense increases by funding almost $100 billion in new spending.
This Overseas Contingency Operations (OCO) program is not new, but the proposed use of this account rises to a new level never before seen and sets a favorable precedent for stimulating the economy.
Meanwhile, a fantasy assumption of sustained 3 percent economic growth makes a return appearance in the budget.
Every independent forecaster foresees growth to average closer to 2 percent over the next decade.
Assuming an extra point of growth serves no purpose but to mask the high deficits and debt likely to materialize under the President’s budget.
Meanwhile, a typically Trumpist fantasy assumption of sustained 3 percent economic growth makes a return appearance in the budget.
Every independent forecaster foresees growth to average closer to 2 percent over the next decade.
Assuming an extra point of growth serves no purpose but to mask the economy’s surpluses and the deposits into T-security accounts likely to materialize under the Republican’s budget.
Thoughtful Medicare, disability, and other proposals in the budget deserve serious debate, but these policies are overshadowed by inflated economic growth, unrealistic policy assumptions, and a failure to recognize the deep hole that policymakers have dug in recent years.
Translation: Thoughtful Medicare, disability, and other proposals in the budget deserve serious debate, but these policies are overshadowed by inflated economic growth, unrealistic policy assumptions, and a failure to recognize the economic stimuli that policymakers have invested in recent years.
If the past two years are any indication, this budget will be followed by more debt, not debt reduction.
On our current course, Americans will soon face record levels of debt, leading to slower income growth, increased interest payments, and less opportunity.
If the past two years are any indication, this budget will be followed by more economic growth, not growth reduction.
On our current course, Americans will soon face record levels of economic growth, leading to higher income growth, increased interest payments into the private sector, and more opportunity that results from increases in the money supply. 
In Summary:
If you merely substitute:
  • “deposits into T-security accounts”  for “debt,”
  • “investments in the private sector” for “deficits,”
  • “sustainable since 1940” for “unsustainable,”
  • “favorable precedent” for “unfavorable precedent,” and
  • “Republican” for “Trump” (who never reads anything and will sign anything anti-Obama),
you will be able to glean the truths from the lies of Maya MacGuineas, president of the Committee for a Responsible Federal Budget.

Rodger Malcolm Mitchell
Monetary Sovereignty
Twitter: @rodgermitchell
Search #monetarysovereigntyFacebook: Rodger Malcolm Mitchell

…………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..

The most important problems in economics involve the excessive income/wealth/power Gaps between the richer and the poorer.

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

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 you.

MONETARY SOVEREIGNTY

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