Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

Mitchell’s laws:
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●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.
●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.
●To survive long term, a monetarily non-sovereign government must have a positive balance of payments.
●Everything in economics devolves to motive, and the motive is the Gap.
==================================================================================================================================================================

Recently, we published: Is the descent into brutality our new American normal? Friday, Dec 12 2014

It included this description of the horrors we inflicted on prisoners:

Interrogations that lasted for days on end. Detainees forced to stand on broken legs, or go 180 hours in a row without sleep. A prison so cold, one suspect essentially froze to death.

The CIA also forced some detainees who had broken feet or legs to stand in stress-inducing positions, despite having earlier pledged that they wouldn’t subject those wounded individuals to treatment that might exacerbate their injuries.

Contrary to CIA’s description to the Department of Justice, the Senate report says that the waterboarding was physically harmful, leading to convulsions and vomiting.

Imagine a criminal trial, in which it was revealed that the police had done that to a witness. Any judge would have thrown out the testimony as being both unreliable and unconstitutional.

Yet:

Majority in U.S. say CIA interrogation methods were justified

Just over half of Americans say they believe the interrogation methods the CIA used against terrorism suspects in the years after the Sept. 11, 2001, attacks were justified, polling data released by the Pew Research Center, Monday showed.

Most Republican elected officials have defended the CIA’s actions.

And, the majority of Americans agree it’s fine to make prisoners stand for days on broken legs, be deprived of sleep, be subject to hypothermia resulting in death, and be waterboarded into convulsions and vomiting — even though evidence shows these harsh methods don’t work, and victims will say anything, true or false, to stop the pain.

Because some members of the enemy (whoever they may be) does bad things, are we given leave to do horrifying things to some members of the enemy (whoever else they may be)? Is that our justification for torture, in violation of international law, our own Constitution and evidence of uselessness?

Or is it because the right wing, which loves to quote the Constitution when speaking of gun ownership or immigration, suddenly acquires Constitutional amnesia, when it comes to basic humanity?

Not only are we told to forget these evil acts, but we don’t even want to know in the first place:

According to the poll, Americans were evenly divided over whether the intelligence panel was right to release its report, with 42% saying it was and 43% saying no.

Are we Americans, who were outraged when we learned about the NSA’s secret breaking of our Constitutional right to privacy, now perfectly happy to remain in ignorance about our government’s war crimes. Is this the Sgt. Schultz, “I hear nothing; I know nothing; I see nothing” syndrome.

Or has the religious right so brainwashed us to accept their rationales for cruelty, that we simply have no human feelings about anyone outside our social circle?

Washington Times

Winning Immigration by Stopping Amnesty
Sponsored by NumbersUSA

Sign the public petition to tell Congress to block President Obama’s unlawful amnesty for illegal immigrants, secure the border and enforce the current laws on the books.

These “illegal immigrants” are people: men, women and children, with the same needs and desires we have. The vast majority are not bad people; most are poor people, trying to improve their lives — just like us.

The merciful alternative to deportation and “enforcing the current laws on the books,” would be absorption and changing the laws on the books, to make these humans legal.

Instead, we justify their torture (i.e. deportation and family separation) by saying it is in our own interest.

We are Americans. We are charitable. We care about people, even strangers.

We Americans justify dropping money into the bell-ringers kettle. We Americans justify writing checks to thousands of charities. We Americans justify rescuing a drowning stranger, or catching a baby tossed from a burning window. Unlike other nationalities, we Americans want wife beaters and child beaters sent to jail.

But strangely, torture is O.K. The physical and mental torture of foreign prisoners (as opposed to torturing domestic criminals) is just fine. The physical and mental torture of foreign children, by sending them back to a life of misery and death — that’s fine, too.

How do we do that, I wonder? How are we horrified by one, yet justify the other?

How does one brain simultaneously justify both cruelty and charity?

And feel so comfortable doing it?

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. (Refer to this.)
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.

#MONETARYSOVEREIGNTY

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

Mitchell’s laws:
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●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.
●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.
●To survive long term, a monetarily non-sovereign government must have a positive balance of payments.
●Everything in economics devolves to motive, and the motive is the Gap.
==================================================================================================================================================================

We’ve keep hoping you Brits, being older than us, also would be wiser. So, we published:

How the debt hawks will destroy the U.K. Monday, Jun 7 2010
and
Foolishness across the ocean. Will the UK attempt mass economic suicide? Monday, Oct 31 2011
and
How the UK teaches America about economics Wednesday, Dec 5 2012
and many other posts detailing the absolute need for central government deficit spending, and the goal of the deficit hawks: Widening the Gap between the rich and the rest.

All of our entreaties have fallen on deaf ears and blind eyes.

December 15, 2014 12:04 am
David Cameron to defend goal of budget surplus in next parliament
George Parker, Political Editor

David Cameron will defend Conservative plans to run a budget surplus in the next parliament, in the face of renewed claims by the Liberal Democrats that continuing Tory spending cuts would “devastate” public services.

Mr Cameron will argue on Monday that his plans for a small surplus by 2018/19 are “sensible and reasonable”, adding: “If we are not going to start putting money aside after seven years of continuous economic growth, when will we be?”

First, let’s look at the “seven years of continuous economic growth” and compare it with the tepid, wishy-washy growth of the United States (another nation dominated by deficit cutters):

Hmm . . . Not so continuous, and not very impressive for you of the U.K. At the current rate, it should take you “only” about 20 years to reach where you were before the Great Recession.

What a wonderful record Mr. Cameron has amassed.

And not only does he want to cut the deficit (which reduces the number of growth pounds added to the British economy), but he wants to run a surplus (which actually removes pounds from the economy). One wonders what mad economist believes that starving an economy of money is a method for growing that economy.

We like to call it: “Applying leeches to cure anemia.”

You British were brilliant in not adopting the euro, an act that would permanently have starved your economy of money. But now, Mr. Cameron wishes to starve your economy by cutting deficits and running a surplus.

Sadly, he relies on the economic ignorance of the British people — ignorance of Monetary Sovereignty — to pull off that stunt.

Iain Duncan Smith, work and pensions secretary, gave a glimpse of the kind of savings Mr Cameron has in mind when he said on Sunday that a Tory government could restrict child benefit to the first two children.

Mr Duncan Smith told the BBC’s Sunday Politics that the idea was “well worth looking at”, adding that “it does save significant money and also helps behavioural change”.

Hmmm, again. “Behavioural change”? Is this a backdoor way to reduce the prolific Muslim population? Or is it yet another way to widen the Gap between the rich and the rest? The rich won’t be affected, but the poor will be.

And why would a nation that has the unlimited ability to create its sovereign currency need to “save significant money”? It doesn’t. It’s not like you and me. National finance is different from personal finance.

Mr Cameron’s defence of Tory austerity plans is timed to coincide with the delayed publication of a new coalition fiscal mandate, committing the Tories and Liberal Democrats to balancing the current deficit by 2017/18.

Balancing the deficit (balancing the budget?) would mean the government would create no net pounds to grow the economy. Someone should ask Mr. Cameron, “Where has austerity served to benefit the people and grow the economy?” Answer: Nowhere.

However, Vince Cable, the Lib Dem business secretary, said the two parties did not agree on how to achieve that objective: the Lib Dems would raise taxes to cover part of the consolidation while the Tories would focus entirely on cutting spending.

Will the U.K. raise taxes on the poor or cut social spending for the poor? Either way, you can be sure no one will do anything to hurt the rich.

Mr Cable added that Conservative plans to continue cutting beyond 2017/18 would be “devastating and ideologically driven” and would leave the armed forces with a “largely ceremonial role”

Yes, to hell with the poor and middle-income groups, but don’t do anything to hurt the armed forces. We don’t want the military to become angry and institute a coup, do we? All politicians know to keep the army happy.

Ed Miliband, the Labour leader, believes Mr Osborne has made a strategic error by proposing further cuts even after the day-to-day budget is balanced.

But Mr Cameron will argue that Labour’s fiscal plan would allow Mr Miliband to carry on borrowing “every year, for ever”, since the party is only committed to balancing the current day-to-day budget, not the capital budget.

He will cite the Institute for Fiscal Studies as saying Labour’s rules would allow it to borrow an extra £28bn a year, adding: “That is a great, black, ominous cloud on the horizon.”

O.K., let’s get this straight. The British government created all the laws that created the British pound. It can change these laws at any time. It can create as many pounds as it needs, any time it needs them. The British government never can run short of pounds, if it doesn’t want to.

For that reason, the British government never needs to borrow the pounds over which it is sovereign. NEVER

Tory polls suggest the public likes the word “surplus”; however, Labour and the Lib Dems will seek to persuade voters that this could be achieved only at the cost of big cuts to public services.

The public thinks government finance is like personal finance. Unfortunately, the politicians never have had the courage to explain Monetary Sovereignty

The sole question is this: Is Mr. Cameron ignorant of economics or has he been paid by the rich to widen the Gap (with campaign contributions and promises of lucrative employment after he leaves office)?

We suspect the later.

Mr Cameron will lace his economics speech with a promise to bring forward by six months a previously announced scheme to help 100,000 first-time buyers move into new homes on brownfield land with a 20 per cent discount.

This will cost money. But Mr. Cameron wants to save money. What’s going on?

Quite simple: He will take a great many pounds from the poor and middle income groups, and give a few of them to first-time home buyers, all the while boasting about how he is helping the economy — while starving it.

Rich home builders will be happy. Wealthy bankers will be happy. That’s all that matters, isn’t it?

Mr Miliband will announce plans for a new law to stop the exploitation of migrant workers, which he said had led to the undermining of wages for local workers.

Prosecutors would have to (provide evidence that some abuse of power had occurred and that migrants were employed on significantly different terms to local workers.

In short, a purely cosmetic law to appease voters, while doing nothing to irritate big, rich employers.

“We won’t make false promises on immigration, like David Cameron,” he will say. “And we won’t offer false solutions: leaving the European Union would be a disaster for jobs, businesses and families.”

False solutions for what? Deficit spending is what grows an economy. Done right, it also can narrow the Gap between the rich and the rest.

And as for “leaving the European union,” there’s no need for that. But do stop pretending you have adopted the euro and thereby lost control over your money.

Our fervent hope is that some day, the citizens of the U.K. and/or the citizens of the U.S. will discover that:
1. National finance is not like personal finance.
2. National deficits are necessary to grow an economy
3. A Monetarily Sovereign government has the unlimited ability to create its own sovereign money, with absolute control over inflation, and never can run short of money to pay its bills.
4. Deficit cuts hurt the rich much less than the poor, so they widen the Gap.

This time Brits, do as we say, not as we don’t. We are led by fools and criminals.

You don’t have to be, too.

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. (Refer to this.)
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.

#MONETARYSOVEREIGNTY

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

Mitchell’s laws:
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●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.
●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.
●To survive long term, a monetarily non-sovereign government must have a positive balance of payments.
●Everything in economics devolves to motive, and the motive is the Gap.
==================================================================================================================================================================

Why doesn’t Israel simply make peace with the Palestinians?

Hamas holds Gaza military parade, vows Israel’s destruction
Reuters By Nidal al-Mughrabi

Vowing to destroy Israel, Hamas paraded some 2,000 of its armed fighters and truck-mounted rockets through Gaza on Sunday, marking its 27th anniversary with its biggest show of force since the end of the Gaza war this summer.

At the parade, a senior Hamas leader reaffirmed the Islamist movement’s founding charter’s pledge to destroy Israel.

“This illusion called Israel will be removed. It will be removed at the hands of the Qassam Brigades,” said Khalil al-Hayya, a top Hamas leader, referring to the movement’s armed wing.

In recent years, some Hamas leaders have said they would accept a Palestinian state on land Israel occupied in a 1967 war in return for a long-term truce but would continue to refuse to recognize its enemy’s right to exist.

Hamas seized control of the Gaza Strip in 2007 from Fatah forces loyal to Palestinian President Mahmoud Abbas. Both groups signed a unity deal in April but are divided over how to administer the Gaza Strip.

Yes, it is a mystery. Why doesn’t Israel simply make peace with the Palestinians?

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. (Refer to this.)
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.

#MONETARYSOVEREIGNTY

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

Mitchell’s laws:
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●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.
●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.
●To survive long term, a monetarily non-sovereign government must have a positive balance of payments.
●Everything in economics devolves to motive, and the motive is the Gap.
==================================================================================================================================================================

Many people voted for Barack Obama, because he promised change, and the people wanted change — change from the old cronyism, the old feed-the-rich, the old political BS that every day widens the gap between the rich and the rest.

Obama didn’t deliver. We didn’t recognize that he was a product of the cronyism, feed-the-rich, Chicago-style political BS.

We should have. It was right there in front of us — this “neighborhood organizer” that was promoted far beyond his skills by Mayor Daley’s mob. We should have seen it, but we didn’t. He fooled us.

Then, many of us voted for Republicans because they promised to end Obamacare, shut down the government, end all limits of campaign spending, broaden the tax base to get more from the poor and deport all 12 million of the undocumented. But, then each of us thought, “Hey, that doesn’t do me any good. In fact, it will screw me royally — and that’s what they want.

So, we now realize, none of today’s announced candidates gives a damn about us. They care only about the rich. Why have we let ourselves be conned into voting for these crooks?

And we thought: Fool us once; shame on you. Fool us twice; shame on us.

If we get fooled again by the Clinton, Pelozi, Boehner, Biden, Bush, Christi, Rubio, Ryan, Romney, Santorum old-guard political hacks, we deserve to continue being tied up, raped and tossed in the trash.

There is one, and only one candidate, so far as I know, who is willing to buck the elephants and jackasses, and act for the people:

The Speech That Could Make Elizabeth Warren the Next President of the United States

Early Friday evening Sen. Elizabeth Warren took to the Senate floor and gave a plain-spoken, barn-burning speech that could make history and put her into serious contention to be the next President of the United States.

Democrats don’t like Wall Street bailouts. Republicans don’t like Wall Street bailouts. The American people are disgusted by Wall Street bailouts.

And yet here we are, five years after Dodd-Frank with Congress on the verge of ramming through a provision that would do nothing for the middle class, do nothing for community banks, do nothing but raise the risk that taxpayers will have to bail out the biggest banks once again…

So let me say this to anyone who is listening at Citi[group]. I agree with you Dodd-Frank isn’t perfect. It should have broken you into pieces!

If this Congress is going to open up Dodd-Frank in the months ahead, then let’s open it up to get tougher, not to create more bailout opportunities.

If we’re going to open up Dodd-Frank, let’s open it up so that once and for all we end too big to fail and I mean really end it, not just say that we did.

Instead of passing laws that create new bailout opportunities for too big to fail banks, let’s pass…something…that would help break up these giant banks.

A century ago Teddy Roosevelt was America’s Trust-Buster. He went after the giant trusts and monopolies in this country, and a lot of people talk about how those trust deserved to be broken up because they had too much economic power.

But Teddy Roosevelt said we should break them up because they had too much political power. Teddy Roosevelt said break them up because all that concentrated power threatens the very foundations up our democratic system.

And now we’re watching as Congress passes yet another provision that was written by lobbyists for the biggest recipient of bailout money in the history of this country. And its attached to a bill that needs to pass or else we entire federal government will grind to a halt.

Think about that kind of power. If a financial institution has become so big and so powerful that it can hold the entire country hostage. That alone is reason enough to break them up.

Enough is enough.

Enough is enough with Wall Street insiders getting key position after key position and the kind of cronyism that we have seen in the executive branch. Enough is enough with Citigroup passing 11th hour deregulatory provisions that nobody takes ownership over but everybody will come to regret. Enough is enough.

Washington already works really well for the billionaires and the big corporations and the lawyers and the lobbyists.

But what about the families who lost their homes or their jobs or their retirement savings the last time Citigroup bet big on derivatives and lost? What about the families who are living paycheck to paycheck and saw their tax dollars go to bail out Citi just 6 years ago?

We were sent here to fight for those families. It is time, it is past time, for Washington to start working for them!

Can you imagine Hillary giving a speech like that? Can you imagine any Republican giving a speech like that?

The current crop of misfit politicians are so greedy for money, they do anything and everything the rich tell them to do. And it’s always the same: Take from the middle class and the poor, and give to the rich.

At long last, we should vote for someone whose entire record is: Fight for the 99%.

Warren isn’t Obama-esque phony change. She has proven she means it.

The political hacks can’t fool us twice. We won’t vote for the same old mopes. We’ve done that already, and look what it brought us.

Fool us once; shame on you. Fool us twice; shame on us.

We’ve learned.

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. (Refer to this.)
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.

#MONETARYSOVEREIGNTY