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, and the motive is the gap.
======================================================================================================================================================================================

Just when I thought the Supreme Court justices couldn’t possibly become more right-wing corporate, they outdo themselves.

You probably thought “a wall” separates our government from religion, so that all religions would be treated equally.

You were wrong.

You probably thought everyone, no matter what their religious beliefs, had to obey the law.

You were wrong.

You probably thought men and women are to be treated with equal deference, under the law.

You were wrong.

You probably thought you understood the meaning of “freedom.”

You were wrong.

It’s official. America is a right-wing, male, Christian country.

A ‘Narrow’ Decision From The Narrow-Minded

By the 5-4 margin, (Supreme Court) justices ruled Monday that “closely held” corporations (i.e., those more than half owned by five people or fewer) may refuse, out of “sincerely held” religious beliefs, to provide certain contraceptive options to female employees as part of their health-care package.

Not to worry, writes Alito, this ruling is “very specific.” Not to fret, concurs Kennedy, this is not a ruling of “breadth and sweep.”

Apparently, it’s a narrow ruling because they say it’s a narrow ruling. Apparently, we are simply to trust them on that. But even if you could take them at their word, this would be a frightening decision, the imposition of religion masquerading as freedom of religion.

The “five” in the 5-4 decision all are right-wing, male Christians. Of the four dissenters, three are not male, and three are not Christian, and none are right-wing.

Presumably, the “five” also consider themselves mind-readers, who can separate “sincerely held” religious beliefs from religious beliefs that are not “sincerely held.” (Wanna bet the latter turn out to be believers in religions other than Christianity?)

Under the court’s logic, it’s difficult to see why a corporation owned by a family of devout Jehovah’s Witnesses can’t deny (insurance for) blood transfusions to its workers. Or why one owned by conservative Muslims can’t deny employment to women. Or why one owned by evangelical Christians can’t deny service to gay men and lesbians.

[Or one owned by ultra-orthodox Jews can’t refuse to allow insurance that pays for male doctors attending women.]

This is not just hypothetical. In the last decade, we’ve seen Christian pharmacists claim faith as a reason for refusing to fill — and in some cases, confiscating — contraceptive prescriptions. We’ve seen Muslim cabbies use the same “logic” in declining to serve passengers carrying alcohol.

There is a difference between the pharmacists and the cabbies — two differences, actually. The pharmacists are Christians refusing to provide health. The cabbies are just Muslims, dealing with a cab ride.

Pharmacists in at least 24 states have refused to sell birth control or emergency contraception to women. Some hospital emergency rooms refuse to provide emergency contraception to rape victims.

Denying help to rape victims is O.K., because some Christians “sincerely” don’t believe in contraception. Denying a taxi ride to anyone is a crime, because we really don’t care what Muslims think.

The Republican governor of Kansas has signed a law allowing pharmacists to refuse to fill prescriptions for drugs they believe may induce abortions.

Yes, I know. You may say, “It’s Kansas, where schools teach creationism. So what can you expect?” But this law was passed in 2012, two years before essentially the same kind of law was passed by the U.S. Supreme Court.

When Kansas leads the nation, you know you have problems.

The Roberts and Scalia court is operating under an assumption that Christianity is the United States’ semi-official religion and that it should be legislated and protected in a way that other faiths are not.

This is, of course, a misreading of the Constitution–despite what the deranged members of the Fox News Christian Evangelical Dominionist American public would like to believe.

How would conservatives and their agents respond if a company with Islamic beliefs (however defined) decided to impose its religious values on white, Christian, American employees?

Sharia hysteria would spread in such a way as to make the present day-to-day Islamophobia of the Right-wing echo chamber appear benign and muted by comparison.

Let’s briefly summarize the Supreme Court’s decision.

1. Christians do not have to follow any law if they “sincerely hold” that law violates their personal interpretation of their bible, (recognizing that “sincerely hold” is not defined and impossible to determine.

2. This right is limited to Christians, and not granted to any other religion. (That is why it is a “narrow” decision.)

3. Men know better than women, what is best for women’s health; restrictions only will be placed on women. (For instance, no law will prevent men from getting vasectomies.)

This is the same Supreme Court that ruled unlimited spending, which imposes on a captive nation, the political beliefs and actions of the wealthy and powerful, apparently is “freedom of speech.”

See the pattern? Whenever right-wing, male Christians wish to enhance their power over a captive multitude, they merely call it “freedom” (while marching and carrying the requisite American flag).

So if you’re not allowed to buy contraceptives, or to be insured for a legal abortion, or to study evolution, it’s because your rights are inferior to a right-wing, male Christian’s freedom.

The Supreme Court says so.

Rodger Malcolm Mitchell
Monetary Sovereignty

====================================================================================================================================================
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. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)
9. Federal ownership of all banks (Click here)
10. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (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

Vertical gray bars mark recessions.

As the federal deficit growth lines drop, we approach recession, which will be cured only when the lines rise. Federal deficit growth is absolutely, positively necessary for economic growth. Period.

#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, and the motive is the gap.
======================================================================================================================================================================================

Kerry warns U.S. will deport undocumented Central American children

Kerry kept up the Obama administration’s tough message that undocumented children would be deported.

“We obviously understand people who want to do better, and who look for a better life, but at the same time, there are rules of law, and there is a process.”

Oh yes, rules of law, and a process. We cannot deviate from those.

(And people accuse this hard-hearted bastard of being a liberal?)

“The lives of children cannot be put at risk this way,” Kerry said.

So, instead we’ll send them back to where their lives will be so much “less” at risk.

Activists and some of Obama’s fellow Democrats in the U.S. Congress say many of the children would be eligible for asylum.

Who cares? There’s no room in our life boat. Throw ’em off. That’ll teach ’em a lesson.

The truth: There is plenty of room in America for even millions of additional children, let alone the few hundred thousand coming here
. . . and yes, immigrants have built America into this great nation
. . . and yes, these children will be valuable assets to our future growth
. . . and yes, as a Monetarily Sovereign nation, we have plenty of funds to provide for every single one of them
. . . and no, we won’t have to spend one dime of tax money on them. In fact we’ll add dollars that will grow the economy.

But we have our own problems, we don’t want no stinkin’, foreign kids sharing our playground.

Messrs. Obama and Kerry, please build the wall higher, put razor wire on top, and shoot any children who make it through and who don’t die crossing the desert.

Really, our concern is for the safety of the children. 🙂

Rodger Malcolm Mitchell
Monetary Sovereignty

====================================================================================================================================================
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. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)
9. Federal ownership of all banks (Click here)
10. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (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

Vertical gray bars mark recessions.

As the federal deficit growth lines drop, we approach recession, which will be cured only when the lines rise. Federal deficit growth is absolutely, positively necessary for economic growth. Period.

#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, and the motive is the gap.
======================================================================================================================================================================================

How are these seeming disparate articles ironically related?

First, this article:

Detroit’s Emergency Manager Shuts Off Water for Thousands of Homes; Is Your City Next?
By Joan Brunwasser

Detroit filed the largest Chapter 9 municipal bankruptcy action in US history in July 2013.

The governance and access to billions of dollars in revenue flowing through the Detroit Water and Sewerage Department (DWSD) has become a major political football and economic prize.

This month, DWSD commenced an unprecedented mass water shutoff program targeting 150,000 accounts more than two months and $150 in arrears. Meanwhile, more than $30 million in commercial and industrial accounts goes uncollected.

The objective is to eliminate bad debt and make DWSD look better for purposes of active ongoing regionalization and privatization negotiations. A triumph of corporate property interests over fundamental human rights.

(The poor are) scrambling for water from family, neighbors, friends, whatever; trying to find new housing with water included, trying to keep the child welfare system from taking away their kids, trying to find a place to shower and use the toilet.

What’s more important: Human rights, social justice and protecting the Great Lakes with a sustainably funded water and sewer system at their geographic heart?

Or setting themselves up with a Wall Street-model smash-and-grab privatization operation to make a quick economic killing for some fast operators? They’re opting for the latter, and the hell with the people of Detroit who are in their way.

DWSD has been privatizing gradually for decades under Federal Court supervision; using major corporations like Infrastructure Management Group (IMG) and EMA Inc. to take over more and more of their core operation all the time. The emergency manager put out bids to privatize, which have been filed in secret.

The powerful suburban county executives, who will take over this incredibly important and lucrative system have said they favor privatization and don’t want the burden of running it in their low-tax jurisdictions.

I urge you to click this link Detroit’s Emergency Manager Shuts Off Water for Thousands of Homes; Is Your City Next? and read the entire article, to get the full flavor of the massive greed and evil that is destroying the people of Detroit.

Then, read this article:

Obama to ask for more than $2 billion in emergency funds to stem immigration influx
David Nakamura

The Obama administration, in a dramatic escalation of its border-control strategy, will seek more than $2 billion in emergency funds to help stem an influx of Central American women and children entering the country illegally, as well as new measures to more quickly deport those already here.

The administration will ask lawmakers to modify existing statutes to make it easier to return unaccompanied children to their home countries.

Escalation of enforcement is likely to be met with skepticism from immigration advocates, who have expressed concerns about the treatment and welfare of the children.

Said Kevin Appleby, migration policy director for the U.S. Conference of Catholic Bishops. “It could result in vulnerable children being sent back to real danger and possible harm or death.”

What these articles have in common is the human catastrophe taking place in America. At our border and in Detroit, poor children suffer, sicken and die, all for lack of compassion by America’s upper- and middle-income groups.

Children from Central America leave their families to escape grinding poverty and danger, to make the long perilous trip to safety and freedom in America, only to be drowned by a selfish America that says it has no room on our gigantic, half vacant raft.

Children in Detroit go dirty, thirsty and hungry, and will be taken from their parents, all for lack of water, because the bribed politicians and the greedy private sector, want a piece of a lucrative pie.

And the irony: That right-winger-in-liberal-clothing, the President who raised FICA and repeatedly has tried to cut Social Security, blithely asks Congress for $2 billion — not to ease the pain of the children, not to help solve the problems in Detroit, but to send children back to their misery and death — essentially to toss them off the raft into the wild ocean.

This President, who has deported more than any previous President, coldly wants to increase deportations.

This President, who at the click of a computer key, could allocate that $2 billion, or $20 billion, or $200 billion, at no cost to anyone, to take giant steps in solving these humanitarian crises. But he doesn’t click that key, because he and Congress have been bribed (via campaign contributions and promises of lucrative employment later) to widen the GAP between the rich and the rest.

When even a Democrat President lacks compassion and human kindness, you know that our once-great nation has lost its moral compass, and has descended into greed, meanness and heartless indifference.

Send the poor foreign children back to starve and die? Let the poor citizen children starve and die right here in America? For God’s sake, what is wrong with you, Mr. President?

To paraphrase Joseph Welch, “Have you no sense of decency, sir? President Obama, at long last, have you left no sense of decency?”

Rodger Malcolm Mitchell
Monetary Sovereignty

====================================================================================================================================================
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. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)
9. Federal ownership of all banks (Click here)
10. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (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

Vertical gray bars mark recessions.

As the federal deficit growth lines drop, we approach recession, which will be cured only when the lines rise. Federal deficit growth is absolutely, positively necessary for economic growth. Period.

#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, and the motive is the gap.
======================================================================================================================================================================================

As we all know, private industry does everything smarter, faster, better, more honestly and more efficiently, than does the federal government.

We know this because . . . well . . . because it is what we have been told. Repeatedly.

By whom? Let’s put on our Sherlock Holmes hats and follow the trail.

House Speaker John A. Boehner’s call to sue President Obama for overstepping the bounds of executive authority marks a stunning break for Republicans, who for years have tried to keep the courts out of the big questions of the day.

Analysts said the switch signals the continued ascendance of the libertarian wing of the Republican Party.

O.K., the first clue is that the Republican party, already dominated by the Tea Party, also is becoming more libertarian.

So what?

Annual Privatization Report 2014 Federal Government Privatization
By The Reason Foundation

The Business Coalition for Fair Competition, an alliance of associations, think tanks, corporations and individuals, released a list of its top 10 most egregious examples of unfair government competition with private enterprise for the year.

So, we’re not talking about doing things “smarter, faster, better, more honestly and more efficiently.” We’re talking about fairness.

Even if private industry were to do things dumber, slower, worse, more criminally and less efficiently, it simply wouldn’t be “fair” for those big federal government bullies to do the work.

Who says so? For one, the Reason Foundation.

Who?

Reason Foundation
Who is on Reason’s Board of Trustees?
David H. Koch, Koch Industries, New York, NY

Reason Foundation advances a free society by developing, applying, and promoting libertarian principles, including individual liberty, free markets, and the rule of law.

O.K., that tells us something. The Reason Foundation is a libertarian mouthpiece, partly funded by one of the richest industrialists in the world, David Koch.

And, who else says says private industry is better than government? That above-mentioned Business Coalition for Fair Competition.

Who?:

Business Coalition for Fair Competition

The Business Coalition for Fair Competition (BCFC), (is) a coalition of trade associations, businesses, and organizations dedicated to free enterprise, relief from unfair government sponsored competition, and smaller, more efficient government.

“Smaller government.” Where have we heard that, before? Isn’t that part of the Tea Party’s mantra?

So now, we have the Republican Party, the Tea Party, the Libertarian Party and David Koch, all telling us that private industry work is better than federal government work.

And they are telling us the issue is not “smarter, faster, better, more honest or efficient; it’s fairness.

In 1980, the first White House Conference on Small Business made unfair competition one of its highest-ranked issues.

It said, “The Federal Government shall be required by statute to contract out to small business those supplies and services that the private sector can provide.

The government should not compete with the private sector by accomplishing these efforts with its own or non-profit personnel and facilities.”

In 1986, the second White House Conference made this one of its top three issues. It said, “Government at all levels has failed to protect small business from damaging levels of unfair competition.

And the 1995 White House Conference again made this a priority issue when its plank read, “Congress should enact legislation that would prohibit government agencies and tax exempt and anti-trust exempt organizations from engaging in commercial activities in direct competition with small businesses.”

Notice something interesting, here? While they still fail to talk about doing better work, the fairness focus is on small business.

Think about it. The Republicans and David Koch worried about small business?? Gimme a break!

David Koch and his brother own that “small business,” Koch Industries, which in turn owns such “small businesses” as, Invista, Georgia-Pacific, Flint Hills Resources, Koch Pipeline, Koch Fertilizer, Koch Minerals and Matador Cattle Company.

According the the Koch Industries web site:

“Koch companies have a presence in about 60 countries and employ more than 100,000 people worldwide, with about 60,000 of those in the United States. They have invested approximately $65 billion in acquisitions and other capital expenditures since 2003.

“Koch companies are involved in refining, chemicals and biofuels; forest and consumer products; fertilizers; polymers and fibers; electronic components; process and pollution control equipment and technologies; commodity trading; minerals; energy; ranching; glass; and investments.”

To these guys, “small business” means a political bribe (er, ah, “contribution”) of less than $500,000. Don’t even begin to think these business Goliaths are at all concerned about “Bob’s Plumbing” or “Bill’s Landscaping.”

Here are some examples of “unfair” competition by the federal government, as presented by the Republican, Koch-sponsored, libertarian, Tea Partyesque, Reason Foundation:

The Department of Defense (DoD) operated 178 grocery stores
(domestic commissaries) with a $1.3 billion annual subsidy, as well as
60 movie theaters world-wide, costing $120,000 each.

The commissaries cost taxpayers nothing (because federal taxes do not fund federal initiatives. The two are unrelated.)

The commissaries sell food, clothing and hard goods to military families at below cost prices. If they were privatized, the need for profit would require prices to rise substantially, forcing military families to pay a great deal more for virtually everything.

How this would be an improvement for America, is not revealed.

Local and regional transit authorities, heavily subsidized by the Federal Transit Administration, engaged in competition and duplication with private sector motorcoach operators.

If these “local and regional transit authorities” were not “heavily subsidized,” transportation prices would rise, and less money would come into the local and regional areas. This is good??

Implementation of Obamacare empowered the government to hire Health Care “Navigators” in 2013 to engage in unfair government competition with private sector insurance brokers.

More concern about “unfair competition,” with no concern about prices, efficiency, etc. Nor is any explanation about why it is preferable for private workers, rather than public workers, to have jobs.

Some 850,000 federal employees are engaged in positions that are commercial in nature. Little is being done to privatize those positions, or even subject them and the functions in which they reside to any direct public-private cost comparison or evaluation.

Yes, the government employs those 850,000 people, paying them salaries and providing them with health-care benefits. So?

Most tellingly, the Republican, Koch, libertarian, Reason Foundation take both sides of the argument. They bemoan the lack of a “public-private cost comparison,” but also bemoan the government offering services at less cost to the public, as “unfair competition.”

Gotcha!

To summarize federal privatization:

1. The upper .1% income group always wants privatization, because it puts money into their pockets. Despite the red herring of “competing with small business,” very little privatization goes to small businesses.

Privatization merely transfers business from one large competitor (the federal government) to another large competitor (the company receiving the contract).

2. The federal government is able to provide goods and services at less cost to the populace than can private industry, for two reasons: No profit motive and unlimited, free funding. (The federal government can invest billions into a project, without asking for any tax money).

3. The sole advantage of private industry comes from competitive initiative. Competition breeds effort.

4. However, privatization usually involves the transfer of government operations to one organization, which does not compete. Example:

Selling TVA: Obama budget says state, local stakeholders could buy government utility

In the White House budget plan for fiscal 2015 released Tuesday, the Office of Management and Budget suggests the federal government consider transferring or selling TVA to state and local governments, power cooperatives or energy companies in the Tennessee Valley, to help cut the federal debt associated with the government-owned utility.

“The administration continues to believe that reducing or eliminating the federal government’s role in programs such as TVA, which have achieved their original objectives, can help mitigate risk to taxpayers.”

That last line came from the the administration of Barack Obama, the noted FICA-raising, Social Security-cutting, right-winger-in-left-winger-clothing.

The line is an example of the BIG LIE. The federal government, being Monetarily Sovereign, can invest infinite amounts of money into any project, and take any amount of losses, without charging taxpayers one cent. There is no risk to taxpayers.

But the local governments and private business are monetarily non-sovereign. They cannot absorb losses. So what will they do when given TVA? The local governments will raise taxes and prices, impoverishing taxpayers.

The power cooperatives or energy companies will cut services and raise prices, enriching their owners and impoverishing their customers.

As in almost all cases of federal privatization, the citizens and small businesses will be the losers, while the rich grow richer. And all this is done in the name of “fairness” and helping “small business.”

As one small step in understanding the federal government shell game, keep this immutable formula in mind: Federal sector privatization = private sector scam.

Rodger Malcolm Mitchell
Monetary Sovereignty

====================================================================================================================================================
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. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)
9. Federal ownership of all banks (Click here)
10. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (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

Vertical gray bars mark recessions.

As the federal deficit growth lines drop, we approach recession, which will be cured only when the lines rise. Federal deficit growth is absolutely, positively necessary for economic growth. Period.

#MONETARY SOVEREIGNTY