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•Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
•Any monetarily NON-sovereign government — be it city, county, state or nation — that runs an ongoing trade deficit, eventually will run out of money.
•The more federal budgets are cut and taxes increased, the weaker an economy becomes. .
•Liberals think the purpose of government is to protect the poor and powerless from the rich and powerful. Conservatives think the purpose of government is to protect the rich and powerful from the poor and powerless.
•The single most important problem in economics is the Gap between rich and poor.
•Austerity is the government’s method for widening the Gap between rich and poor.
•Until the 99% understand the need for federal deficits, the upper 1% will rule.
•Everything in economics devolves to motive, and the motive is the Gap between the rich and the rest..
Politics has no moral GPS. “Right,” “wrong,” “good,” “bad,” “compassion,” “belief” — those words have little meaning in the political circus.
The only words that count: “Win” and “lose.”
It always was thus, but far worse today, with the Tea Party zombies gnawing at the necks of the Republican faithful.
Even children are not exempt from their blood-lust:
Judge rules illegal immigrant parents with children should be released
Illegal immigrant parents and children should usually be released rather than held in custody, a federal judge ruled late Friday.
Judge McGee also ruled that the facilities Homeland Security set up to house the illegal immigrant mothers and children that streamed across the border during last year’s surge violate a 1997 agreement, and cannot be used.
Judge McGee cited “widespread and deplorable conditions” in the detention centers, which she said included cold cells, lack of trash cans, and keeping lights on at all times, potentially disrupting sleep patterns.
The amoral among us might say that these are illegals, so treat them like animals. The Americans among us might whisperingly mention that these are human beings, children desperately trying to escape the murder and rape Donald Trump claims to abhor.
Despite Bush/Cheney blithe assurances, torture is an un-American way to deal with any people, least of all, children.
“In light of the voluminous evidence that Plaintiffs have presented of the egregious conditions of the holding cells, the court finds that defendants have materially breached the Agreement’s term that defendants provide ‘safe and sanitary’ holding cells for class members while they are in temporary custody,” Judge McGee said.
“The court’s ruling makes clear that the administration should simply stop locking up children and their mothers in immigration detention facilities,” said Eleanor Acer of Human Rights First, one of the groups that’s protested the detentions.
Most of the attention from last year’s surge went to the more than 68,000 children caught at the border who were unaccompanied by parents, but just as big of a problem were the tens of thousands of children who crossed with a parent. Indeed, 38,845 children traveling with a parent were also caught.
Homeland Security spokeswoman Marsha Catron said they’ll take stock of their legal options.
“We are disappointed with the court’s decision and are reviewing it in consultation with the Department of Justice. We plan to respond to the Court’s order to show cause by August 3,” Ms. Catron said.
President Obama reveals two faces on many issues, this being no exception. One face is that of “Deporter in Chief,” as his administration has deported more immigrants — destroying more innocent lives — than any in U.S. history.
The other face is that of “compassionate protector,” as he has found ways to shelter and absorb many thousands of immigrants.
So, what is going on here?
The genetic nature of compassionate, “bleeding heart” Democrats is to protect the less fortunate: The “tired, poor, huddled masses yearning to breathe free, the wretched refuse of a teeming shore, the homeless, tempest-tost” — the people our best-known statue boastfully welcomes to America’s largest city.
But, since the unfortunate disinterment of the Tea Party, and its abduction of the Republicans, a shameful idea has dominated: Win at all costs; damn the people, full speed ahead.
So in what seemingly is political innocence, President Obama repeatedly attempts to play nice with the opposition, hoping that a powerful show of weakness and cowardice will encourage them to play nice with him.
It has worked exactly never, both in his international politics and his domestic politics, punishing friends and emboldening enemies.
The Obama administration decided that in order to deter those with children, Homeland Security would begin locking them up, rather than releasing them.
Secretary Jeh Johnson has said that policy was a success, and the flow of both accompanied and unaccompanied children is down substantially this year.
“The policy was a success.” Torturing children really does work. It prevents them from swimming to our life raft, and instead forces them to remain asea, where they will drown in torment and squalor.
We have a bifurcated compassionate/cruel administration, which has resulted in the obscene picture of a Democrat administration torturing children in order to reduce the number coming here “yearning to breathe free.”
Is the world’s wealthiest and third-largest nation — a nation of 320 million people, a nation with the unlimited ability to create money, a geographically huge nation populated with immigrants and descendants of immigrants — is that nation unable to absorb a few thousand or even a few million people, whose primary crime is braving a hazardous journey to escape misery and to pursue life, liberty and happiness?
Lacking only a piece of paper with the word “Citizen” stamped on it (a piece of paper that, for no good reason, has been made ridiculously difficult to obtain), are these people to be sent back to torture and death, before being held here in deplorable conditions?
Is that what America is about? Is this who we are?
Does politics require us to lose our humanity, our special place in the world, our moral GPS?
Are we allowed compassion?
Rodger Malcolm Mitchell
Ten Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Federally funded Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
3. Provide an Economic Bonus to every man, woman and child in America, and/or every state a per capita Economic Bonus. (Click here) Or institute a reverse income tax.
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. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (Click here)
9. Federal ownership of all banks (Click here and here)
10. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)
The Ten Steps will add dollars to the economy, stimulate the economy, and narrow the income/wealth/power Gap between the rich and the rest.
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.
1. A growing economy requires a growing supply of dollars (GDP=Federal Spending + Non-federal Spending + Net Exports)
2. All deficit spending grows the supply of dollars
3. The limit to federal deficit spending is an inflation that cannot be cured with interest rate control.
4. The limit to non-federal deficit spending is the ability to borrow.
THE RECESSION CLOCK
Vertical gray bars mark recessions.
As the federal deficit growth lines drop, we approach recession, which will be cured only when the growth lines rise. Increasing federal deficit growth (aka “stimulus”) is necessary for long-term economic growth.