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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.
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Let’s be clear. The politicians of both parties have been bribed by the rich (via campaign contributions and promises of lucrative employment, later) to widen the income gap between the rich and the rest.
So, both parties tell us federal spending must be reduced (which negatively impacts the middle- and lower-income groups most) and taxes must be “reformed” (which also negatively impacts the middle- and lower income groups most).
The difference is: The Republicans are extreme and obvious in their disdain for the poor while the Democrats are more moderate and much cleverer by half.
The Republican Presidential candidate, Mitt Romney, said,
“There are 47 percent who are with (the President), who are dependent upon government, who believe that they are victims, who believe the government has a responsibility to care for them, who believe that they are entitled to health care, to food, to housing, to you-name-it — that that’s an entitlement. And the government should give it to them. And they will vote for this president no matter what. … These are people who pay no income tax. … [M]y job is not to worry about those people.
Uh, excuse me, but what is the purpose of government if not to care for its needier citizens? And, uh, excuse me again, but aren’t Americans entitled to health care, food and housing? Or should we simply turn our backs on our less fortunate, and allow them to sicken and die in the streets?
The last election proved that most Americans understand we cannot all be rich and self-sufficient or born with lucky genes. Americans fortunate enough to be so born have a duty and a desire, to care for those who need care.
Really, what does the religious right learn in church? That is what being American is all about.
Romney was wrong, stupid, selfish and mean-spirited. In short, he was a Republican.
As Republican Governor Bobby Jindal said, “We must stop being the stupid party.”
But they simply can’t help themselves. They’ve tried to elect such non-luminaries as Sarah Palin, Michele Bachmann, Herman Cain, Ron Paul, Rick Santorum, Newt Gingrich, Rick Perry and of course, Mitt Romney, the guy who complained about poor people not paying taxes, while he avoided most of his.
The Republicans not only have shown disdain for the poor and the middle, they also despise immigrants, Latins, gays, lesbians, Jews and blacks. In short, they intentionally have alienated the vast majority of America’s voters, hoping to win elections by stealing ballots in the South, and appealing to the basest instincts of the callous.
The Democrats are much more subtle. President Obama pretends to love the poor and huddled masses, while he continues to opt for deficit reduction and his “Grand Bargain,” which would decimate the middle class.
But if the religious right thought things couldn’t get worse, with the re-election of Obama, I have news for the “stupid party.” Things could get worse — much worse.
Here are a few quotes from the Chicago Tribune:
Medicaid coverage to expand in Illinois
By Peter Frost and Rick Pearson, Chicago Tribune reporters, July 23, 2013About 342,000 low-income Illinoisans will be newly eligible for government-sponsored health insurance through Medicaid starting in January as part of legislation signed into law Monday by Gov. Pat Quinn.
The expansion of the state-administered Medicaid program, one of the central components of President Barack Obama’s 2010 health care overhaul law, will be financed fully by the federal government for the first three years, then gradually decline to 90 percent by 2020.
Illinois’ share in 2017 will be an estimated $99 million, rising to $210 million by 2020. Over those four years, state officials project Illinois’ portion to be about $573 million.
In Illinois, about 957,000 residents will be eligible for subsidized health insurance next year in the form of a federal tax credit available through the Illinois Health Insurance Marketplace.
That’s just Illinois. Nationally, many millions of voters will remember how the “stupid party” wanted to deprive them of health care. They will thank the Democrats for saving their children.
Equally important, the federal government will pump much-needed dollars — billions of dollars — into the states, and these dollars will translate into lower state taxes and/or better state services.
For the states, it’s all good.
Illinois is one of 23 states, plus the District of Columbia, moving forward with the Medicaid expansion, aimed to extend coverage to 17 million Americans starting in 2014.
Did you hear that, “stupid party”? Seventeen million people. Don’t bother to ask them for their vote.
Twenty-one states, largely those controlled by Republican governors, have opted out of the program
In April, U.S. Rep. Paul Ryan of Janesville, Wis., the Republican who chairs the federal House Budget Committee, said he had been advising GOP governors not to count on the high levels of federal Medicaid reimbursement for expansion.
Ryan called the reimbursement “the fastest thing that’s going to go when we’re cutting spending in Washington” — adding, “there’s no way we’re going to keep those match rates like that.”
Yes, the first thing — the very first thing — the “stupid party” wants to cut is the thing the poor and middle need and want most — health care.
Oh yeah, health care and food. The “stupid party” also wants to cut food stamps.
Oh yeah, the poor and middle want health care, food and also education. The “stupid party” has forced a “compromise” resulting in higher interest payments for student loans.
Oh yeah, the poor and middle want health care, food, education plus lower taxes. The “stupid party” wants a flat tax that would cost the rich less and the rest more.
As for Illinois, the “stupid party” probably doesn’t care. Illinois is solid blue, which may be why Illinois Republican Senator Mark Kirk must be having night sweats, as he tries to justify his membership in the “stupid party.”
Today, religious Republicans pray Obamacare will be a disaster and that all those millions of people it covers will lose their insurance and their health.
Otherwise, beginning in election year 2014, the “stupid party” will be faced with the nightmarish task of telling people why eliminating health care coverage actually is good for them.
So, having learned its lesson in 2012, who is the “stupid party” putting up for the next presidential election? The likes of:
—Ted Cruz, whose primary motto is: “Defund Obamacare.”
—Rand Paul, whose aide, Jack Hunter had a radio program, “The Southern Avenger,” in which he extolled white pride, pro-secession, and John Wilkes Booth for assassinating Abraham Lincoln. Rand Paul said he did not believe Hunter was racist or white supremacist.
—Scott Walker who hates union members and food stamp recipients.
–Proven losers old Ron Paul and sanctimonious Rick Santorum.
–And then there is Marco Rubio, the ultimate of the cynical Tea Partyesque politician, viable only because he is Cuban-American, though he is solid right wing with regard to immigration. He is so inept (not just in drinking water), one cannot imagine even the Latinos voting for him, much less the blacks and whites.
There are a few others — the aforementioned Jindal, Chris Christie, Jeb Bush — but they will have to explain to mainstream America why they really love the various minorities, while they explain to the religious right why they really hate the various minorities.
Given that there are so many middle- and lower-income voters, gay voters, black voters, Latin voters, immigrant voters, voting families of indebted students and Jewish voters, plus white voters who have empathy for the downtrodden, who the heck has been voting for the “stupid party.”
Are there that many voters who combine being rich, white, straight, cold-hearted and Christian?
Can photo-ID laws really turn the tide?
Rodger Malcolm Mitchell
Monetary Sovereignty
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Nine Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Medicare — parts A, B & D — for everyone
3. Send every American citizen an annual check for $5,000 or give every state $5,000 per capita (Click here)
4. Long-term nursing care for everyone
5. Free education (including post-grad) for everyone. Click here
6. Salary for attending school (Click here)
7. Eliminate corporate taxes
8. Increase the standard income tax deduction annually
9. Increase federal spending on the myriad initiatives that benefit America’s 99%
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
#MONETARY SOVEREIGNTY
#Monetary Sovereignty - Mitchell 