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.
======================================================================================================================================================================================

We thought that by loving guns, but hating abortion, by loving Glenn Beck, Rush Limbaugh and Allen West, while hating blacks, browns, immigrants, gays and the poor, the Republicans could not possibly move further to the right. It would be like learning the Titanic is sinking deeper.

But, here we are:

Tea party Republican breaks through to House GOP leadership
The tea party has claimed its first spot in House leadership with the election of Rep. Steve Scalise to the No. 3 post – majority whip. Will he ease GOP tensions or make them worse?

Now tea party-backers finally have a strong conservative in the Republican leadership of the GOP-controlled House: Rep. Steve Scalise of Louisiana, who was elected by party members on Thursday to the No. 3 job in the leadership.

He fills the slot left vacant by Rep. Kevin McCarthy of California, who was elected – and elevated – to the No. 2 job of majority leader.

The changes were triggered by majority leader Eric Cantor’s stunning defeat to a tea party favorite in his June 10 primary in Virginia.

The addition of Congressman Scalise is expected to push House Republicans further to the right. But the pressing question is whether Scalise will bridge – or aggravate – deep divisions within the party.

Somehow, we suspect that deep divisions within the party are the least the Republicans have to worry about.

Given President Obama’s poor and declining approval ratings (Republicans hate him because he’s President and black; Democrats hate him because he’s right wing) — given that opportunity, one would think the Republicans would try to fill the void Obama is leaving them.

But no. Instead, they have decided to move even further into Michele Bachmann, Sarah Palin, Ayn Rand crazyland — further from the center of America.

It’s one of the mysteries of American politics. Every time Obama does something dumb (raise FICA and other austerity measures during a recovery), the Republicans raise him a dumb (shut down the government to cut federal spending).

Today, Americans are stuck with two political choices: Soft right-wing Democrat conservatives and extreme right-wing Republican fascists, there being no liberal party any more.

Three Extreme Right-Wing Ideologies Have Taken Over the Republican Party — and Could Destroy It Forever

As the capitalist worldview evolved, the business class made a fetish out of the “free market” and viewed government as, at best, a necessary evil.

Any sort of regulation was seen as the equivalent of slavery, and the proper role of officialdom was reduced to maintaining internal order (police), defending the realm (military) and enforcing contracts (the courts).

In the United States, however, where little happens that one side or the other does not ascribe to an overseeing God, secular rationalizations were soon complemented with the notion of divine will.

God wanted unregulated economic freedom and minimalist government to prevail. Any government involvement in social welfare was disapproved of because it allegedly promoted laziness among the poor, but this was just a convenient myth.

The real reason for keeping government activity to an absolute minimum was the rising business class’ fear and loathing of taxes.

This religious view continues to exist. Today’s struggle to return us to minimalist government and maximum economic “freedom” is led by a collection of fundamentalist Christian right-wingers and Tea Party mad-hatters.

This is just the first step toward the real goal of men like Sen. Ted Cruz, R-Texas, which is to make the U.S. a Christian fundamentalist nation.

Many radical conservatives have come to see their moderate (Republican) compatriots as worse than any liberal Democrat. They see them as traitors to principle – as politicians who ran scared in the face of Obama’s “socialist” agenda.

Under these circumstances, most of the party’s energies might well be taken up with self-destructive infighting.

America should be so fortunate as to see the extremists self-destruct, for a fundamentalist Christian government is not one ounce better than the fundamentalist Muslim government they despise.

A government run by fundamentalists’ interpretation of the bible is as heartless, dangerous and sick as a government run by strict Sharia law. They are in fact, identical twins dressed in different clothing.

Ideology is a form of debilitating shortsightedness. It replaces reality with an idealized version that usually has too little to do with the real world to be workable. The economic aspect of radical conservative ideology is fatally anachronistic.

As well as anarchistic.

Today, we are bereft of politicians with the morality an courage to duplicate the Democrats of the 1960’s — the Civil Rights Act of 1964, Head Start, food stamps, Medicare, Medicaid, the Immigration Act of 1965, the Voting Rights Act of 1965, the Elementary and Secondary Education Act of 1965, the Higher Education Act of 1965, the National Endowment for the Humanities, the National Endowment for the Arts, the Higher Education Act, the Public Broadcasting Act, the Civil Rights Act of 1968, Gun Control Act of 1968.

Those were heroic times, when our leaders understood that the elderly, the poor and the powerless need, and as citizens of a great nation, deserve assistance from the government, not because they are lazy, but because of the circumstances of their lives.

This, not cruelty, is what makes a nation great.

And yes, back then, the people and the Supreme Court understood that guns do kill, and that millions of cowards parading around with guns slung across their shoulders, is an invitation to murder and to extreme social ugliness.

Now, the Republicans have been taken over by the Christian, religious Tea Party extremists, in a mirror reflection of how Islam has been taken over by the Taliban extremists — and of course, as extremists, approved by God.

What is America’s future? How will this generation be remembered?

Will we return to our former greatness built of compassionate strength based on true morality, or will we continue our course toward becoming a nation of bigotry, cruelty and hatred, populated with pretend religionists?

The next two elections may write that book.

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 much 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.
======================================================================================================================================================================================

I ran across an article that indicates investors are not of the human species, or any other living species. The article appropriately is titled:

A climate fix would ruin investors.

Burning fossil fuels creates CO2 and other pollutants. Science tells us these pollutants add to global warming and to illnesses, both of which will negatively effect human life.

But, as the headline indicates, fixing these problems would “ruin investors.” Therefore, not fixing these problems would benefit investors, so investors must not be of the human species. Q.E.D.

The article goes on to say:

Opinion: humanity is making risky climate bets and ExxonMobil may be proved right

ExxonMobil says it does not envisage a low-carbon scenario of the kind many climate researchers advocate. The company believes the costs this would entail, and “the damaging impact to accessible, reliable and affordable energy resulting from the policy changes . . . are beyond those that societies, especially the world’s poorest and most vulnerable, would be willing to bear”.

The article speculates about how much fossil fuel exists and how much will be burned, and what this means to investors. It’s a relatively dispassionate discussion about the speed at which humans will commit suicide, and how this will affect investment. You should read it.

The energy companies seem to have given up on their previous propaganda, that pollution is not suicidal, but rather now focus on how much it will cost not to commit suicide. They are betting that most nations’ leaders and their citizens will opt for species self-destruction, rather than suffering short-term economic cost.

The article warns investors that betting on the reduction in exploration for, and burning of, fossil fuels, may result in monetary losses. If you are an investor, and you predict that we people will stop killing ourselves, you may lose money.

As H.L. Mencken said, “No one in this world, so far as I know — and I have searched the records for years, and employed agents to help me — has ever lost money by underestimating the intelligence of the great masses of the plain people.

The explanation ExxonMobil gives for its optimism about demand for fossil fuels is the rising world demand for energy and the inertia in the global energy system.

Translation: We at ExxonMobil know it’s killing the human species (along with many other species), but we also know you’re addicted to fossil fuels — sort of like heroin and cigarettes — so you’ll just keep on shooting and puffing. And we’ll keep on supplying.

Governments have committed themselves to a view of the risks of climate change. That view implies a rapid revolution in the energy mix and correspondingly rapid reductions in emissions of greenhouse gases.

But major energy producers do not believe governments will do what they promise. They envisage a very different and quite unrevolutionary energy future in which the reserves they now possess and those they plan to develop will all be burnt.

Translation: Governments won’t do as they promise very simply because we, in the energy business, pay them not to do as they promise.

Coal mining companies, for instance, have made sure the West Virginia population believes that reductions in coal use would create an economic disaster, costing workers’ their jobs and their ability to survive.

Never mind that coal burning will kill these workers, their children and grandchildren, along with everyone else in the world. They simply cannot envision a world without coal, because the coal producers speak so loudly against alternatives.

Obama’s New Emission Rules: Will They Survive Challenges?

The Obama Administration’s recent announcement that it plans to regulate greenhouse gas emissions from existing coal-fired power plants evoked cries of protest and warnings of economic doom from the political right, and praise from the center and the left.

Two things could completely derail the rules. First, if a Republican president is elected in 2016, he or she could halt their implementation. Second, the courts could strike them down.

Now, the real legal and political battles begin. The EPA will issue its final guidelines by June 2015. The states will have until June 2016 to file their plans to meet the guidelines, with possible two-year extensions.

President Obama will leave office in January 2017, so most of this process is likely to play out under his successor. If that’s a Democrat, the process will probably continue. But a Republican president who adheres to the current party position may well stop the program.

Translation: Republicans, their children and grandchildren, are not part of the human species — or any living species — so will not be affected by fossil-burning pollution.

Sadly, those who are not Republicans may be forced to participate in a suicide pact. But why worry? It probably won’t affect us adults too much. As for our grandchildren — well, we’ll be gone by then, so really, who cares?

I almost hate to mention it, but there are alternatives: The U.S. government (for instance) could:

–Spend billions on sequestering the pollution caused by burning fossil fuels, and
–Spend more billions on developing alternatives to fossil fuels — wind, solar, nuclear, completely new ideas, and
–Spend even more on billions on protecting the people whose jobs disappear along with fossil fuels, and
–Being Monetarily Sovereign, the federal government could do it without collecting one additional dollar in taxes.

Further, these additional billions would stimulate the entire economy, making us and our children and grandchildren healthier, both physically and financially.

Why is this so hard to imagine? Investors? Republicans? Humans?

Why?

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 much 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.
======================================================================================================================================================================================

“Give me your tired, your poor,
Your huddled masses yearning to breathe free,
The wretched refuse of your teeming shore.
Send these, the homeless, tempest-tost to me,
I lift my lamp beside the golden door!”
Emma Lazarus

Fighting back: Residents force feds to scrap plan to house illegals at Va. college

The Obama administration Monday abruptly halted plans to shelter some of the children surging across the border at a defunct college in rural Virginia.

As many as 500 children were to start arriving this week at St. Paul’s College, a recently closed historically black college in Lawrenceville, Virginia.

More than 90,000 children, mostly from Honduras, Guatemala and El Salvador, will be caught this year, and more than 140,000 will be apprehended in 2015.

Plans to house some of the children at an empty office complex in Baltimore were halted after the city’s Democratic mayor and Maryland’s two Democratic senators objected as soon as the details were announced.

HHS officials estimated that a steady stream of children would be housed on the campus, each child staying about 30 days until being reunited with a parent.

Jerry Prince, the owner of Prince’s Barber Shop in Lawrenceville, said that he wanted what was best for the children, but he feared the children would bring diseases to his town. “Even kids carry diseases like smallpox, chickenpox and scabies.”

Immigration officials have said many of the children have never seen a doctor until they are intercepted by agents at the border, and head lice and scabies screenings are part of the initial checks.

The Obama administration has called the surge of children a “humanitarian crisis.” However, critics blame President Obama for laying out a welcome mat for illegal immigrants, especially minors, and for discouraging deportations.

I don’t know. Maybe it’s just me. But the notion of arresting and deporting children seems so damn un-American.

Really, is this what we’ve become — a selfish, “me-first, me-only,” frightened little nation that makes up excuses for not helping children in need? Are these children just too inconvenient for us?

We gladly send our soldiers to be killed defending every nut-ball country on earth, but accepting foreign children here — where one day they might live near us — is that too much? Are we now the United States of Xenophobia?

These are children, for crying out loud. Children!. And our lame excuse for rejecting them is they have smallpox (a disease totally eradicated from this earth)? Children who are inspected for disease upon entry?

The kids weren’t going to be sent to your house or your neighbor’s house. They were going to a closed college outside of Lawrenceville, VA (population 1,500), and to an empty office building.

And this scares poor Jerry Prince? Apparently he never has set foot outside of the United States, and mingled amoung — oh, horrors! — foreigners. He “wants what’s best for the children,” but he is too terrified of children possibly having chickenpox (like his own children and his neighbor’s children did).

Has this once great nation become a cringing population of selfish cowards, hiding behind our open-carry AR15s, so to ward off any stranger who dares ask our help?

Rep. Candice S. Miller, Michigan Republican and chairwoman of a key border security subcommittee, wrote a letter asking Mr. Obama to deploy the National Guard to let (border patrol) agents get back to their job of stopping illegal immigrants, drug smugglers and gun traffickers.

She called on the president to not only deploy the Guard but to give it police powers so it could also aid in patrolling the border and arresting illegal immigrants.

Yes, that is our solution to a humanitarian crisis of children: Deploy the National Guard. Build the wall higher and deport those who, at great risk to their young lives, manage get in.

Is this the America our forefathers envisioned, when they took the perilous journey across the ocean? What happened to the proud, strong people who built this nation?

America, the once great. What are we, now?

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 much 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.
======================================================================================================================================================================================

The upper .1% income/wealth/power group (You know, the ones who bribe politicians to widen the GAP between them and the rest of us) loves to talk about the horrors of “big” government.

Some of them call the U.S. government “Leviathan,” to make you visualize a huge, malevolent monster trying to swallow you up and controlling your life against your will.

The rich have recruited the Tea Party, the religious right and the Libertarians to call for smaller government, simply because reducing the size of government reduces benefits to the 99.9%, thus widening the GAP.

Given their choice, they would opt for no government at all. That would give the rich free rein to run rampant over the rest of us.

One Libertarian site named, “The Daily Bell” uses the term “Leviathan” in describing the U.S. government, and claims that big government has caused 150 million murders.

They forget that people, not governments kill, and citizens of small governments kill just as well, if not better.

The 150 million murder number undoubtedly includes the small governments of Uganda’s Idi Amin, the Khmer Rouge of Cambodia, the slaughters of Burundi and Rwanda, and the small governments of Vichy France, Poland, Austria and Germany itself, where the people and their small governments joyfully sent their neighbors to the gas chambers.

South Africa’s apartheid government was smaller than many U.S. state governments by any measure, and far more murderous.

Is “big” government worse than the state governments that embraced slavery? Or the state governments that foster cruelty to gays, women, browns, blacks, the poor, the elderly and immigrants?

Recently, I contacted Wes Benedict, Executive Director of the Libertarian National Committee, Inc. ((202) 333-0008 ext. 232, wes.benedict@lp.org) and asked him one simple question: “Specifically, which Big Government spending do you wish to reduce or eliminate, and which do you wish to maintain or increase?”

His simple answer: “Reduce spending on defense, Social Security, Medicare, HHS, along with most other things. Increase nothing.”

(I wrote to him, a follow up question: “Why does the Libertarian Party wish to reduce spending on Social Security, Medicare and HHS?” but he will not answer.)

Although his answer differs somewhat from that of other right-wingers (Most of them want to increase military spending), still it leaves the question of “Why?” Why cut benefits to the elderly, the sick and the poor?

Before we address that question, let’s see where the federal government currently spends money:

If you go to the Federal Budget, Table S–4. Adjusted Baseline by Category, you’ll see the following figures for 2012:

Outlays:
Appropriated (“discretionary”) programs:
Defense: 671 billion
Non-defense: 614 billion

Subtotal: 1,285 billion

Mandatory programs:
Social Security: 768 billion
Medicare: 466 billion
Medicaid: 251 billion
Other mandatory programs: 548 billion

Subtotal: 2,032 billion

Net Interest: 220 billion

Total Outlays: 3,537 billion

Which of the above benefits do you feel is a monster, controlling your life against your will and trying to swallow you up?

Would you rather receive a smaller Social Security benefit? A smaller Medicare or Medicaid benefit? Less of other benefits (aids to the poor, the middle, the unemployed, the disabled and others in need)?

When you receive that Social Security check, or your medical bills are paid by Medicare, do you feel oppressed by the “Leviathan”?

Probably not.

And if you understand it isn’t the federal benefits that are oppressive, but rather the federal taxes, keep in mind that federal taxes do not fund federal spending.

You could receive exactly the same benefits if there were no federal taxes at all.

So if we don’t cut the military, and we don’t cut mandatory programs, what we have left is 614 billion, or about 17% of the budget. And what is the 17%? “Useless” things like road and bridge building, aids to education, NASA, the courts, Congress, the Supreme Court, the White House and thousands upon thousands of federal efforts to keep the country running.

So, in reality “cutting the size of the federal government” is mostly the same as “cutting the free benefits coming from the federal government.” Yet, still we hear about this nasty old “Leviathan.”

The Economist
Leviathan stirs again

Today big government is back with a vengeance: not just as a brute fact, but as a vigorous ideology.

America’s financial capital has shifted from New York to Washington, DC, and the government has been trying to extend its control over the health-care industry.

Ah yes, not only “Leviathan,” but also “vengeance,” “brute” and “control.” Hmmm . . . do you think they’re trying to influence you with emotion rather than fact?

As for the government “extending its control,” this apparently is a synonym for the government trying to supply health care to the many millions of people who can’t afford it. Shame on the “Leviathan” for that.

But it gets worse. (Remember, this is from a publication that calls itself, “The Economist”):

The revival of the state is creating a series of fierce debates that will shape policymaking over the coming decades. Governments are beginning to cut public spending in an attempt to deal with surging deficits.

But the inevitable quarrels over cuts will be paltry compared with those about the growth of entitlements. America’s deficit, boosted by recession, is already hovering at a post-war high of 12% of GDP, and the American economy depends on the willingness of other countries (particularly China) to fund its debt.

The CBO calculates that the deficit could rise to 23% of GDP in the next 40 years if it fails to tackle the yawning imbalance between revenue and expenditure.

Here is a magazine, dedicated to the science of economics, that writes articles, pretending that:

–Deficits, which are absolutely necessary for economic growth, should be reduced, and

–China, which buys those unnecessary T-securities, is in some unexplained way, funding our debt, which itself, in some unexplained way, is funding the American government.

No, Economist, the deficit should not be reduced, it should be increased, via tax cuts and spending increases.

And no, Economist, neither China nor any other country provides the U.S. with dollars, our own sovereign currency.

We could pay off 100% of our so-called “debt” to China tomorrow, simply by transferring dollars from China’s T-security accounts at the Federal Reserve Bank, to China’s checking account at any bank. No new dollars needed.

That a magazine devoted to economics, can be completely ignorant of even the basics of Monetary Sovereignty is stunning — or would be until you remember that it, like most media, is owned by rich people: “Since 1928, half the shares have been owned by the Financial Times, a subsidiary of Pearson, the other half by a group of independent shareholders.”

In summary:

1. Despite loaded names like “Leviathan,” big governments neither are more nor less honest, compassionate, understanding or beneficial than small governments. If you live in a cruelly run state, cutting federal Social Security benefits won’t help you.

Even a tiny county run by someone like Sheriff Joe Arpaio can be a nightmare if your skin is black or brown.

2. Names like “Leviathan” are used as emotional pejoratives for government, to convince you to cut your own wrists at the behest of the upper .01%. They want to widen the gap, and one way to do that is to cut what benefits you. The rich want to limit or even eliminate government, because only government is able to control the power lust of the rich.

3. If you read any article calling the U.S. government “Leviathan,” you can be absolutely positive the author is a liar or a fool.

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 much 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