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

Mitchell’s laws:
●The more federal budgets are cut and taxes increased, the weaker an economy becomes.
●Austerity is the government’s method for widening the gap between rich and poor, which ultimately leads to civil disorder.
●Until the 99% understand the need for federal deficits, the upper 1% will rule.
●To survive long term, a monetarily non-sovereign government must have a positive balance of payments.
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●The penalty for ignorance is slavery.
●Everything in economics devolves to motive.
======================================================================================================================================================================================

Here is absolute proof the right wing does not discriminate against minorities and the poor. In fact the Republicans love those folks.

New York Times
2 States Plan 2-Tier System for Balloting
By FERNANDA SANTOS and JOHN ELIGON

Barred by the Supreme Court from requiring proof of citizenship for federal elections, Arizona is complying — but setting up a separate registration system for local and state elections that will demand such proof.

The state this week joined Kansas in planning for such a two-tiered voting system, which could keep thousands of people from participating in state and local elections, including next year’s critical cycle, when top posts in both states will be on the ballot.

See, the Supreme Court ruled that requiring proof of citizenship was unconstitutional. But aha! They only ruled on federal elections. Let’s require it for local elections. Gotcha!

“If you require evidence of citizenship, it helps prevent people who are not citizens from voting, and I simply don’t see a problem with that,” said Tom Horne, the Arizona attorney general.

O.K., so we have to allow that hoard of non-citizens who have been voting in national elections, but we can stop the flood of illegal voting in local elections.

“How much illegal voting has there been,” you ask. Well, uh, we don’t know of any. But by gosh, we’re going to put a stop to it, even if it means disenfranchising a few hundred thousand people.

On Monday, Mr. Horne instructed county election officials to create separate rolls for voters who signed up using the federal form and those who used the state form, the first step to determining eligibility. In Maricopa County, Arizona’s largest, the exercise turned up 900 people who did not show proof of citizenship, a small fraction of the roughly 1.9 million county residents registered.

That’s .0005 of the total, and even that only counts people who didn’t show proof, not people who aren’t citizens, presumably an even tinier number.

Bottom line: If you’re black, brown, poor, on Social Security, on Medicare or need any other help from the government, tell me again why you would vote Republican.

Note to Republicans: At long last, have you left no sense of decency?

Rodger Malcolm Mitchell
Monetary Sovereignty

====================================================================================================================================================
Nine Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
3. Send every American citizen an annual check for $5,000 or give every state $5,000 per capita (Click here)
4. Free education (including post-grad) for everyone. Click here
5. Salary for attending school (Click here)
6. Eliminate corporate taxes (Click here)
7. Increase the standard income tax deduction annually
8. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)
9. Federal ownership of all banks (Click here)

—–

10 Steps to Economic Misery: (Click here:)
1. Maintain or increase the FICA tax..
2. Spread the myth Social Security, Medicare and the U.S. government are insolvent.
3. Cut federal employment in the military, post office, other federal agencies.
4. Broaden the income tax base so more lower income people will pay.
5. Cut financial assistance to the states.
6. Spread the myth federal taxes pay for federal spending.
7. Allow banks to trade for their own accounts; save them when their investments go sour.
8. Never prosecute any banker for criminal activity.
9. Nominate arch conservatives to the Supreme Court.
10. Reduce the federal deficit and debt

No nation can tax itself into prosperity, nor grow without money growth. Monetary Sovereignty: Cutting federal deficits to grow the economy is like applying leeches to cure anemia.
Two key equations in economics:
1. Federal Deficits – Net Imports = Net Private Savings
2. Gross Domestic Product = Federal Spending + Private Investment and Consumption – Net Imports

THE RECESSION CLOCK

As the federal deficit growth lines drop, we approach recession, which will be cured only when the lines rise.

#MONETARY SOVEREIGNTY

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

Mitchell’s laws:
●The more federal budgets are cut and taxes increased, the weaker an economy becomes.
●Austerity is the government’s method for widening the gap between rich and poor, which ultimately leads to civil disorder.
●Until the 99% understand the need for federal deficits, the upper 1% will rule.
●To survive long term, a monetarily non-sovereign government must have a positive balance of payments.
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●The penalty for ignorance is slavery.
●Everything in economics devolves to motive.
======================================================================================================================================================================================

In the June 12, 2013 post titled, “This graph predicts the future. What does it tell you,” we showed you this graph:

The FRED series, Total Credit Market Debt Owed by Domestic Nonfinancial Sectors – Federal Government, is now known as Federal Government; Credit Market Instruments; Liability.

And we asked four questions:

1. What does the federal government do in the years leading up to recessions? (Answer: Cut growth in deficit spending)

2. What does the government do that cures recessions? (Answer: Increase growth in deficit spending)

3. What is the government doing now? (For a clearer picture, the next graph is a closeup of the most recent past)

4. Why is the government cutting deficit spending growth, despite overwhelming evidence this causes recessions? (Because of the false premises that the federal government can run short of dollars, or by creating dollars, could cause inflation.)

——————————————————————————————-

Now another quarter has been posted by the Fed, and the update looks like this:

As growth in federal deficit spending continues to decline, the next recession draws closer.

Rodger Malcolm Mitchell
Monetary Sovereignty

====================================================================================================================================================
Nine Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
3. Send every American citizen an annual check for $5,000 or give every state $5,000 per capita (Click here)
4. Free education (including post-grad) for everyone. Click here
5. Salary for attending school (Click here)
6. Eliminate corporate taxes (Click here)
7. Increase the standard income tax deduction annually
8. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)
9. Federal ownership of all banks (Click here)

—–

10 Steps to Economic Misery: (Click here:)
1. Maintain or increase the FICA tax..
2. Spread the myth Social Security, Medicare and the U.S. government are insolvent.
3. Cut federal employment in the military, post office, other federal agencies.
4. Broaden the income tax base so more lower income people will pay.
5. Cut financial assistance to the states.
6. Spread the myth federal taxes pay for federal spending.
7. Allow banks to trade for their own accounts; save them when their investments go sour.
8. Never prosecute any banker for criminal activity.
9. Nominate arch conservatives to the Supreme Court.
10. Reduce the federal deficit and debt

No nation can tax itself into prosperity, nor grow without money growth. Monetary Sovereignty: Cutting federal deficits to grow the economy is like applying leeches to cure anemia.
Two key equations in economics:
1. Federal Deficits – Net Imports = Net Private Savings
2. Gross Domestic Product = Federal Spending + Private Investment and Consumption – Net Imports

THE RECESSION CLOCK

As the federal deficit growth lines drop, we approach recession, which will be cured only when the lines rise.

#MONETARY SOVEREIGNTY

The AFL-CIO website complains (rightly) about the Tea/Republicans desire to gut Social Security:
Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

Mitchell’s laws:
●The more federal budgets are cut and taxes increased, the weaker an economy becomes.
●Austerity is the government’s method for widening the gap between rich and poor, which ultimately leads to civil disorder.
●Until the 99% understand the need for federal deficits, the upper 1% will rule.
●To survive long term, a monetarily non-sovereign government must have a positive balance of payments.
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●The penalty for ignorance is slavery.
●Everything in economics devolves to motive.
======================================================================================================================================================================================
I just received an Email from the AFL-CIO. Here are some excerpts:

A letter from 51 Republican House members to Speaker John Boehner (R-Ohio) makes Social Security cuts the latest ransom demand of the Republican hostage-takers in Congress. This may be unwelcome news to the many tea party Republicans who depend on Social Security benefits.

The letter says that “Social Security provides us the best opportunity to begin solving our nation’s significant budget imbalances” and that “the ongoing fiscal discussions in Congress provide an opportunity to address entitlement program deficits…with our limited time frame to take action before we run up against fiscal deadlines.”

In other words, let’s use Social Security to reduce the deficit, and let’s use this manufactured budget crisis to get our way.

Cutting Social Security would widen the gap between the rich and the rest. That may be why the Tea/Republicans AND President Obama, want to cut it. The rich are the big political contributors.

The cover letter from Rep. Reid Ribble (R-Wis.) specifically identifies three “well-known options” to cut Social Security benefits:

*Cutting Social Security benefits with a chained CPI cost-of-living formula;
*Raising the Social Security retirement age; and
*Means-testing Social Security benefits.

All three proposals have but one goal: To satisfy the demands of the mega-rich campaign donors, and to squeeze the middle- and lower-income classes.

Ribble spells out exactly how the upcoming “fiscal deadlines” can be used to get these Social Security proposals through Congress. First, you increase the debt ceiling for six weeks, then in the intervening six weeks you attach Social Security legislation to a longer-term increase in the debt ceiling.

Yep, that’s the plan. And watch President Obama eagerly embrace it. Here’s what he wants:

Obama’s Social Security Cut Proposal

*Reduce the deficit by $1.8 trillion over ten years — $600 billion of this reduction would come from revenue raisers, and $1.2 trillion would come from spending reductions and entitlement reforms;

*Change the benefit structure of Social Security (chained-CPI);

*Means test additional programs in Medicare;

*Include $400 billion in health care savings (or cuts);

*Cut $200 billion from other areas, identified by The New York Times as “farm subsidies, federal employee retirement programs, the Postal Services and the unemployment compensation system;”

Meanwhile, the AFL-CIO, whines:

“People need to tell the president, ‘stand tall, we are with you. No negotiating with hostage-takers. Not about the Affordable Care Act, not about the Grand Bargain and certainly not about cuts to Social Security, Medicare or Medicaid, or more giveaways for big corporations that outsource jobs. You won the election.

You must defend democracy and you must stand up for the 99%, and that means no more rewarding hostage-takers.”

But the AFL-CIO misses the whole point. Obama wants to cut Social Security and other social benefits. The Tea/Republicans also want to cut Social Security and other social benefits. This is not a matter of negotiating with hostage takers. All the “negotiators” want the same thing.

AFL-CIO doesn’t get it, because its leaders refuse to understand Monetary Sovereignty.

So, being economically ignorant, all they can do is beg the guy who has been bribed (via campaign contributions and promises of lucrative employment later) to screw the middle class, to “negotiate” with the other guys who also have been bribed to screw the middle class. Visualize two cannibals negotiating how best to cook you.

IF AFL-CIO leadership really cares about its members, it will broadcast these facts:

*The federal government cannot run short of dollars. It is the creator of dollars.
*Federal taxes do not pay for federal spending
*Cutting federal deficits always leads to recessions and depressions
*Increasing federal deficits cures recessions and depressions
*Inflation is not now a problem, has not been a problem for 33 years, and easily is prevented and cured
*Recession, unemployment and poverty can be solved now by increased federal deficit spending.

If you are a union member, demand that your leadership stop whining and educate itself about Monetary Sovereignty.

Rodger Malcolm Mitchell
Monetary Sovereignty

====================================================================================================================================================
Nine Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
3. Send every American citizen an annual check for $5,000 or give every state $5,000 per capita (Click here)
4. Free education (including post-grad) for everyone. Click here
5. Salary for attending school (Click here)
6. Eliminate corporate taxes (Click here)
7. Increase the standard income tax deduction annually
8. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)
9. Federal ownership of all banks (Click here)

—–

10 Steps to Economic Misery: (Click here:)
1. Maintain or increase the FICA tax..
2. Spread the myth Social Security, Medicare and the U.S. government are insolvent.
3. Cut federal employment in the military, post office, other federal agencies.
4. Broaden the income tax base so more lower income people will pay.
5. Cut financial assistance to the states.
6. Spread the myth federal taxes pay for federal spending.
7. Allow banks to trade for their own accounts; save them when their investments go sour.
8. Never prosecute any banker for criminal activity.
9. Nominate arch conservatives to the Supreme Court.
10. Reduce the federal deficit and debt

No nation can tax itself into prosperity, nor grow without money growth. Monetary Sovereignty: Cutting federal deficits to grow the economy is like applying leeches to cure anemia.
Two key equations in economics:
1. Federal Deficits – Net Imports = Net Private Savings
2. Gross Domestic Product = Federal Spending + Private Investment and Consumption – Net Imports

THE RECESSION CLOCK

As the federal deficit growth lines drop, we approach recession, which will be cured only when the lines rise.

#MONETARY SOVEREIGNTY

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

Mitchell’s laws:
●The more federal budgets are cut and taxes increased, the weaker an economy becomes.
●Austerity is the government’s method for widening the gap between rich and poor, which ultimately leads to civil disorder.
●Until the 99% understand the need for federal deficits, the upper 1% will rule.
●To survive long term, a monetarily non-sovereign government must have a positive balance of payments.
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●The penalty for ignorance is slavery.
●Everything in economics devolves to motive.
======================================================================================================================================================================================

You may believe the Tea/Republicans learned their lesson after such as Herman Cain, Michele Bachmann, Rick Santorum, Newt Gingrich, Rick Perry and other assorted nuts, each of whom, amazingly, was at one time, a leading contender.

Thankfully, Bachmann is planning to retire, Gingrich probably is out chasing women, Santorum is busy telling people what God thinks, and Perry is occupied preventing blacks and Latinos from voting. But now we will be treated to Ben Carson (who?)

Read these excerpts from an ad that ran in the far right paper, the Washington Times:

Dear Friend,
I implore you to sign the petition urging Dr. Ben Carson to run for President of the United States. Why? Here are 3 reasons…
*He is the only candidate who is sure to win.
*Ben Carson will heal America. He will unite us.
*Ben Carson is a Tea Party conservative.

Yes, Tea Party conservatives are known for healing us and uniting us — oh, except for blacks, browns, gays, women wanting an abortion, the poor, the middle, immigrants, Muslims and other non-Christians and people who want their food and drugs inspected and bank accounts insured.

Why is Ben Carson Sure to Win? In 2011, internal polls showed that Republican Presidential candidate Herman Cain was backed by 40% of black Americans. Mr. Cain was well liked, but Dr. Carson is a national hero in the black community.

If Herman Cain could poll 40% of the black vote running against a black candidate, just imagine what percent of the black vote Dr. Ben Carson would receive running against Hillary Clinton or any other far left white Democrat!

See, Ben will unite us by running a black vs white campaign, and he’s sure to win because he’s like that other sure winner, Herman Cain — only he’s even blacker.

The Democrats know their grasp on power is hanging by the thread of the lie that all conservatives are racists.

Perhaps not all. Just those who support Ben for his blackness.

In a head-to-head contest with Hillary Clinton, there’s just no way that Ben Carson will receive less than 40% of the black vote.

But remember, conservatives are not racist.

This is where Dr. Carson stands on the important issues of our day:
Obamacare. Repeal it! Replace it with a free market health savings account.

“Yes, if you have the savings, you can buy the health. Otherwise . . . ”

Taxes. Make it flat and make sure that everyone has skin in the game. Everyone pays.

“You, Warren Buffett and Bill Gates all will pay the same percentage. That seems fair, doesn’t it?”

Abortion. End it now! It is barbaric.

“So what’s wrong with millions of impoverished, unwanted, homeless kids and pregnant teenagers?”

Illegal Immigration. Listen to the American people, secure our borders. End it.

“No, I’m not talking about Canadians, French, Italians or the British. I mean those Mexicans.”

Redistribution of Income. Stop it. It’s un-American.

“Don’t take from the rich to give to the poor. Do the opposite. A flat tax will take from the poor, and tax loopholes will give to the rich. I’ll vote for both.”

Welfare. It not only encourages self-destructive behavior, it is a trap. Replace it with a truly compassionate, free market approach that enables those on welfare to gain prosperity through employment and entrepreneurship.

“I’m compassionate. If you don’t find a well-paying job in this economy, you deserve to starve. Don’t come crawling to me, begging for alms.”

Judges. Appoint judges committed to the US Constitution.

“This is code for something, though I don’t know what. My handlers taught me to say it.”

Political Correctness. It is dangerous. It hinders progress and divides our nation.

“I prefer political incorrectness. Call me ‘colored’ and make me sit in the back of the bus. That will unite our nation.”

Right to Keep & Bear Arms. It’s a vital part of the our Bill of Rights!

“Don’t worry. You can trust me to walk into your kid’s schoolhouse with an AK47. Anyway, you can trust a teacher to defend your kid against an armed killer.”

Ben Carson is a winning candidate! But, will he run? Almost certainly! He has made it clear he will run if asked…

Ben is sitting there, by the phone, waiting for you to ask. Let’s bring some famous Tea Party compassion and sanity to the political discourse. Elect the next Herman Cain. Ben has a plan: It’s called “9-9-9.”

I hardly can wait for the next right wing crazy. Who next? Eddie Murphy?

Hilarious.

Rodger Malcolm Mitchell
Monetary Sovereignty

====================================================================================================================================================
Nine Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
3. Send every American citizen an annual check for $5,000 or give every state $5,000 per capita (Click here)
4. Free education (including post-grad) for everyone. Click here
5. Salary for attending school (Click here)
6. Eliminate corporate taxes (Click here)
7. Increase the standard income tax deduction annually
8. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)
9. Federal ownership of all banks (Click here)

—–

10 Steps to Economic Misery: (Click here:)
1. Maintain or increase the FICA tax..
2. Spread the myth Social Security, Medicare and the U.S. government are insolvent.
3. Cut federal employment in the military, post office, other federal agencies.
4. Broaden the income tax base so more lower income people will pay.
5. Cut financial assistance to the states.
6. Spread the myth federal taxes pay for federal spending.
7. Allow banks to trade for their own accounts; save them when their investments go sour.
8. Never prosecute any banker for criminal activity.
9. Nominate arch conservatives to the Supreme Court.
10. Reduce the federal deficit and debt

No nation can tax itself into prosperity, nor grow without money growth. Monetary Sovereignty: Cutting federal deficits to grow the economy is like applying leeches to cure anemia.
Two key equations in economics:
1. Federal Deficits – Net Imports = Net Private Savings
2. Gross Domestic Product = Federal Spending + Private Investment and Consumption – Net Imports

THE RECESSION CLOCK

As the federal deficit growth lines drop, we approach recession, which will be cured only when the lines rise.

#MONETARY SOVEREIGNTY