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 leads to civil disorder.
●Cutting the deficit is the government’s method for taking dollars from the middle class and giving them to the rich.
●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.
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Who are these families, who want the government to take an additional $20,000 from their pockets and give it to the rich? Read on.
In the history of the universe, two things never have benefitted the average person:
1. War
2. Austerity
Both kill the average person, the “99%”, and both benefit the upper 1% income group, which is why governments, including the U.S. government, so willingly engage in war and austerity.
Since the late 1930s, the U.S. never has not been at war. World War II was followed by the cold war, the Korean War, the Vietnam war and the various wars in the Mid-east. (We are so wedded to the concept of war, we even name our initiaves “war.” We have had the war on drugs, the war on poverty, the war on obesity, the war on terror, the war on women, and the war on suicide.)
We all know war kills people, financially, emotionally and physically, especially young, middle- and lower-class people. But less understood is the fact that austerity also kills people, also financially, emotionally and physically.
What then, is austerity? Very simply, austerity is a policy of deficit cutting. Austerity is what has impoverished Greece and the other euro nations. Austerity is what both U.S. political parties promise to do to you, and in fact, already are doing.
Increasing the FICA tax was a serious act of austerity. Raising the eligibility age for Social Security was austerity. Cutting federal employment is austerity. Cutting Medicare payments to doctors and hospitals is austerity.
Amazingly, the populace claims to want to live austere, barren lives. Americans want a combination of higher taxes, lower benefits and a greater gap between the rich and the rest. Every survey I’ve seen, every “Letter to the Editors,” indicates Americans want austerity – or think they do.
Americans, believing federal budgets are like personal “kitchen-table” budgets, claim to want federal spending cuts, which by necessity must negatively impact Social Security, Medicare, Medicaid, various poverty aids, roads and bridges, disaster aid, aid to education, research and development, the environment and many other federal initiatives that make our lives better.
And, Americans claim to want increased taxes on the poor- and middle-classes (i.e. FICA and sales taxes) as well as increased taxes supposedly on the rich (corporate and top end taxes), all of which remove dollars from the economy, thereby depressing the economy.
In sum, Americans have been brainwashed to want what will increase the gap between the rich and the rest – what the government is only too happy to provide, because the government is paid by the rich to increase the gap.
Here is what is coming to a recession in your neighborhood:
Senate Democrats’ budget plan will reopen battle over taxes
By Lori Montgomery, Published: January 20, 2013Senate Democrats plan to draft a budget blueprint that calls for significantly higher taxes on the wealthy, oil and gas companies and corporations doing business overseas, reopening a battle over taxes Republicans had hoped to lay to rest with the “fiscal cliff.”
Translation: Businesses provide jobs. Increase taxes on businesses and they will provide fewer jobs. That is the way business leaders maintain their own incomes in the face of lower corporate profits. When business is bad, it is the 99% who are fired. The 1% never feel the pain. That is how they widen the gap.
Democrats see the budget process as “a great opportunity” to pursue additional tax increases — and to create a fast-track process to push them through the Senate, Sen. Charles E. Schumer (D-N.Y.) said Sunday on NBC’s “Meet the Press.”
“There’s going to have to be some spending cuts, and those will be negotiated,” Schumer, the No. 3 Democrat in the Senate, said in an interview after the show. “But doing a budget is the best way for us to get revenues.”
Translation: “We have impregnated the public with the willingness to sacrifice for the benefit of the wealthiest. Claiming the false need to ‘get revenues’ is a ‘great opportunity’ to do that.
“We have convinced the public that a government having the unlimited ability to create dollars is running short of dollars. And these gullible people actually believe that!”
White House political adviser David Plouffe, in an appearance on CBS’s “Face the Nation,” (said) “I think it’s a significant moment that the Republican Party now has moved off their position that the only way they’re going to pay their bills is if they get the correct kind of concessions.”
House Republicans are eager to draft a reconciliation bill to cut spending on federal health programs and to overhaul the tax code, in part by cutting rates. And Democrats are eager to draft a reconciliation bill that would raise additional revenue, in part by limiting tax breaks for wealthy individuals, oil and gas companies and multinational corporations.
Translation: The GOP wants to cut benefits that help the lower 99% income group. The Democrats want to increase taxes on corporations, which actually are not taxes on corporations, but are taxes on corporate workers and the economy. The rich don’t worry about taxes on corporations.
Both parties want to increase the gap.
During the fight over the “fiscal cliff,” Congress voted this month to raise rates on income over $450,000 a year. Republican leaders, including Senate Minority Leader Mitch McConnell (R-Ky.), argued that should end the fight over taxes.
But the “fiscal cliff” measure is projected to generate only about $600 billion over the next decade, well short of President Obama’s goal of $1.6 trillion.
Translation: The rich avoid phony taxes on incomes over $450,000 — taxes they don’t pay (Ask Warren Buffett). In the name of austerity and fiscal prudence, President Obama wishes to pull $1.6 trillion from the economy. That amounts to about $5,000 taken from the pockets of each man, woman and child in America.”
If you are married with two children, President Obama wishes to take about $20,000 from you – and you will love it, ask for it, beg for it. The upper 1% have bribed him and all the politicians, via campaign contributions while in office, and generous jobs and gifts after office.
So he tells you, you should suffer and your children should suffer and your grandchildren should suffer, all for the good of the rich. And you believe him.
Yes, it is you who has been brainwashed into agreeing to an austere life. It is you who asks the government to take an additional $5,000 from your pocket – $20,000 from your family of four – and give it to the rich. It is you, who gives the rich permission to beat you down, so they can scavenge more from you and from your loved ones.
It is you who believes the lies about the federal government being “broke.” It is you who does not object. And it is you and your family who will suffer for it.
“Therefore, send not to know for whom the bell tolls.
It tolls for thee.”
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
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%
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:
Federal Deficits – Net Imports = Net Private Savings
Gross Domestic Product = Federal Spending + Private Investment and Consumption – Net Imports
#MONETARY SOVEREIGNTY
#Monetary Sovereignty - Mitchell 