Do you really know John Kasich, the “moderate” Republican?

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

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Many Republicans, desperate to find any — ANY — Republican, but Donald Trump and Ted Cruz, have begun to settle on John Kasich, because he supposedly is a “moderate.”

Compared with the bigotry, lying and sheer craziness of Trump, perhaps Kasich might be considered “moderate.”  So can virtually every politician in the world.

And compared with the doomsday rigidity of “shut-down-the-government” Cruz, Kasich again might be considered moderate. So can Justices Alito and Thomas, as well as Cliven Bundy, the NRA and Genghis Khan.

But if Kasich is the desperation fall-back candidate, it’s important to know exactly what he stands for, and I doubt his new (“anybody but Trump or Cruz) fans do.

We went to his web site and in an effort to give you a picture of this “moderate,” we provide you with these tidbits:

BALANCE THE BUDGET AND KEEP IT BALANCED
John Kasich will work with Congress to balance the budget in eight years.

By reining-in spending, reforming our broken entitlement programs such as Medicaid and Medicare, sending federal programs back to our states and communities where they belong, and spurring economic growth, it can be done.

It is a big job, but John Kasich did it in Ohio and he can provide the leadership to do it again for our nation.

To Kasich “reforming entitlement” means cutting your Social Security benefits, cutting your Medicare benefits and cutting your Medicaid benefits.

In fact, Kasich would like to cut every benefit for the middle-class and the poor, while of course, maintaining tax benefits for the rich.

No Republicans will talk straight about that, so they all use the mealy-mouth word, “reform.”

KEEP THE BUDGET BALANCED:
John Kasich will work with Congress to pass a resolution amending the Constitution to require a balanced budget and submit it to the states for ratification.

Kasich either pretends ignorance or really is ignorant about the fact that balanced budgets lead to recessions and depressions, and deficit spending cures recessions and depressions.

If he understands this, why does he advocate balanced budgets? Because balancing the budget inevitably leads to cuts to spending on social programs: Social Security, Medicare, Medicaid, food stamps, etc., which widens the Gap.

Widening the Gap is the primary goal of the right-wing.

REDUCE AND CONTROL SPENDING:
John Kasich will set priorities to get spending under control. National security is a priority, however, and he will increase defense spending to restore our military and help keep Americans safe.

Spending cuts invariably cut benefits to the poor and middle classes, not to the rich.

Kasich will — after cutting all spending that puts dollars in your pocket — increase military spending, perhaps so he can invade Iraq, again and enrich the military/industrial complex.

Xenophobic fear-mongering worked so well for Bush II and for the American rich, Kasich sees no reason not to keep doing it.

REFORM ENTITLEMENT PROGRAMS:
The cost of entitlement programs like Medicaid and Medicare are growing uncontrollably and must be fundamentally reformed to reduce their growth rates and become more efficient while still providing the services that Americans want and need.

There’s that word “reform,” again. Hang on to your wallet.

How will cutting Medicaid and Medicare “make them more efficient while still providing the services”? Kasich has no idea, and he really doesn’t care.

Every time a politician tells you that cuts to your benefits actually will help you, he is lying, plain and simple.

REVENUE GROWTH:
Reducing personal and corporate income taxes, cutting federal red tape, providing access to affordable, reliable energy and getting government out of the way will all help contribute to America’s economic revival.

Any tax cuts will benefit the rich far more than you, and any benefit to you will be overwhelmed by cuts to Social Security, Medicare, Medicaid and other social spending.

This is a reverse Robin Hood plan, to take from the poor and give to the rich and widen the Gap between the two.

CUTTING TAXES & MAKING THE TAX CODE SIMPLER & FAIRER

Lowering income tax rates, reducing the number of brackets, and increasing the Earned Income Tax Credit will allow all taxpayers, especially low and middle income earners, to keep more of their own money and be better able to save and invest for the future.

Note the word “FAIRER” in the title. To Kasich, it’s unfair that the rich sometimes pay at a higher rate than the poor. Right wingers love regressive taxes like flat taxes, FICA, and sales taxes. They all punish the middle more than the rich.

His line about “keep more of their own money,” is like saying that deporting immigrants gives them the “freedom” to return to their native land. It’s all sweet-talk, that is supposed to lull the peasants.

TAX CUTS FOR JOB CREATORS:

Lower taxes and incentives to invest will restore global competitiveness to America’s business tax system to help create new jobs.

In Republican-speak, “job creators” are rich corporate executives. These people never created a job in their lives.

Corporations create the jobs and overpay their super-rich executives, who simply go along for the ride. The real fact is, the corporate CEOs do everything possible to cut the number of employees.

These guys get bonuses for cutting payroll costs, and Kasich wants to pay them for job creation.

It’s madness.

REGULATORY REFORM: USING COMMON SENSE TO REMOVE BARRIERS TO JOB CREATION

Getting federal regulations under control is essential to making sure Americans have the health and safety protections they need without unnecessary burdens.

In other words, any regulation that prevents businesses from screwing the public, is an “unnecessary burden.” That is why the major banks still are as unregulated as ever, though their stealing caused the Great Recession.

Remember this: The Great Recession was not caused by too many regulations. It was exacerbated by too few regulations and by non-enforcement of existing regulations

A ONE-YEAR MORATORIUM:

A one-year moratorium on all major, new regulations will give businesses a respite from the costs of Obama Administration regulations and allow time to overhaul the regulatory process.

This is childish on its face. A one-year moratorium allows criminals to have an additional year of stealing.

And as for “overhaul of the regulatory process, specifically what overhaul (other than removing all regulations) would satisfy him?

MANDATORY COST-BENEFIT ANALYSIS:
John Kasich will call on Congress to make cost-benefit analyses mandatory for all new regulations to make sure their benefit outweighs their costs.

A true cost-benefit analysis is one of the most time-consuming, unproductive activities imaginable.

First, there is the question, “What is the value of any specific benefit.” Then there is the question, “What is the cost?”

For instance, assume Congress passes a law saying that any bank CEO whose bank has been shown to have cheated 100 mortgage holders, must be sentenced to 1 year in jail.

What exactly is the dollar value of the benefit to the public? What is the cost, exactly? What about 50 mortgage holders? 10? 1?

His call for cost-benefit analyses on every new regulation is just a method for stopping Congress altogether and allowing the criminals to roam free.

How about this: Run a cost-benefit analysis of Kasich’s proposal. Come back in 20 years, when it has finished.

INDEPENDENT, COMMON SENSE APPEALS

Today a small business that wants to fight an agency decision can sue in federal court and go bankrupt hiring lawyers, or use an agency’s own appeals process staffed by its own bureaucrats.

Only an independent administrative review can ensure businesses get fair, reasonable treatment and John Kasich will create new appointed common sense review panels comprised of real Americans.”

When a politician stuffs his proposal with words like “independent,” “fair,” “reasonable,” “common sense” and “real Americans,” you know it’s bull poop.

He’s going to find and pay thousands of “real Americans” (not fake Americans), who are “independent, fair, and reasonable,” having “common sense and technical knowledge for every single agency in the government.

What could possible go wrong with that?

DISMANTLING WASHINGTON AND TAKING BACK OUR POWER, MONEY AND INFLUENCE

For decades Washington has steadily expanded its role, size and cost, adding to the debt that crowds out private investment and chokes our economic growth, all while creating tentacles of bureaucracy that increasingly seek to weave into our lives, communities and businesses.

To fix these problems—and keep them fixed—John Kasich will begin dismantling Washington and taking our power, money and influence back to our states and communities.

Not only do states have the ability to execute faster and more efficiently, but because they are on the frontlines they better understand Americans’ needs and can be more responsive to them.

Yes, the old “big government” and “crowds out” arguments. Take the cost of regulation from the federal government, which can afford to regulate, and force it on the states, many of which are going broke.

This is every right-wingers dream: Cut regulation so the rich can steal more.

There is zero evidence that states are more honest, more capable and more willing to stop crime than is the federal government. In fact, the contrary is true.

And consider the effect of every state having different regulations on everything. Things are bad enough, with differing laws on marriage, aiding the poor, voting and on and on and on.

Kasich wants to turn the United States into the Separate States of little fiefdoms.

Further, federal deficit spending does not “crowd out” private investment or “choke economic growth.” On the contrary, deficit spending adds dollars to the economy which facilitates private investment and provides economic growth.

Kasich has his economics backwards.

And by the way, this money-saving man is the same guy who wants to “create hundreds of new appointed common sense review panels comprised of real Americans.”

TRANSPORTATION:

Not since the completion of the interstate highway system over two decades ago has there been a clear vision for the federal government’s role in surface transportation.

John Kasich will direct policy authority, funding and responsibilities to the states, which are in the best position to assess infrastructure needs and develop strategies to manage them.

This is crazy, even for Kasich. Think of it: An interstate highway system directed by the individual states.

Imagine a highway stopping at the state border, because the neighboring state doesn’t want to spend money on an extension or on repairs.

EDUCATION:

John Kasich will reduce the power of the U.S. Department of Education and end Washington’s education micromanagement.

He will reaffirm the fundamental principle of local control and will give local school districts and states more flexibility to use federal resources to meet the educational needs of their students.

“Use federal resources”?? Has Kasich forgotten all those “tentacles of (federal) bureaucracy” he complained about?

WORKFORCE:
Washington should provide more flexibility from rigid guidelines so states can align programs to the skills and positions for which local job creators are hiring.

“Flexibility from rigid guidelines” is exactly what the rich criminals always want, so they can pay less and provide worse working conditions, especially for minorities.

MEDICAID:

Getting Medicaid’s unsustainable growth rates under control requires giving states more freedom to innovate, improve quality and increase efficiency.

How noble. It also would give states more freedom to cut medical coverage for the poor and least powerful. His use of the words,“unsustainable growth rates” is the tipoff to what the Kasich really wants.

LOW-INCOME PUBLIC ASSISTANCE:

Block granting welfare in the 1990s was a start, but excessive constraints by the federal government have limited its overall success.

As president John Kasich will make sure welfare programs actually help Americans move up and out of poverty and give taxpayers the value they deserve.

Translation: “We’ll cut aid to the poor, because public assistance just makes these lazy people lazier.”

AFFORDABLE, RELIABLE ENERGY FOR GROWTH: INDEPENDENCE AND LOW COSTS THROUGH ABUNDANCE

An exclusive focus on unnecessary environmental regulation drives up energy costs and keeps energy independence out of reach. America needs balance.

John Kasich believes that Americans need an energy policy that encourages more energy production from a broad base of sources.

Translation: Drill baby, drill.

Kasich won’t admit it, but the United States already is energy independent. “Broad base of resources” is right-wing speak for coal and tar-sands oil — the two most polluting sources of energy.

ACHIEVE ENERGY INDEPENDENCE:
Sourcing all our energy from North America and eliminating our reliance on overseas energy makes America safer and stronger. John Kasich will approve the Keystone XL pipeline to help make this happen.

As I said, “Drill baby, drill” and allow the the Koch brothers’ Keystone XL pipeline spill tar-sands oil all over the country. After all, the Kochs have paid the politicians for this service.

ENCOURAGE RESEARCH IN NEW TECHNOLOGIES:

Both the economy and environment benefit from technological breakthroughs. High-capacity, long-life batteries; fuel cells; the high-efficiency “smart” electricity grid; clean coal and other technologies can help improve the environment, increase efficiency and conserve energy.

Unreasonable barriers to their development should be identified and removed to help make them a reality.

Good idea. It would require federal spending which Kasich hates.

DISMANTLING WASHINGTON: THE COMMERCE DEPARTMENT IS A TEXT BOOK EXAMPLE OF WHAT NEEDS TO CHANGE

For at least 30 years people have talked about dismantling the 40,000+ employee, $12 billion U.S. Department of Commerce to help shrink the Washington bureaucracy.

The reason is simple: the Department has become a cluttered “attic” for the federal government, hiding political pet projects, outdated programs, and agencies without a logical home.

John Kasich will eliminate it, as part of an overall freeze and reduction of the federal workforce.

Essential work of Commerce would be transferred to other agencies. Highlights include:

Almost half of the Commerce Department’s budget goes to the National Oceanic and Atmospheric Administration, which includes the National Weather Service and its satellites, and the National Hurricane Center.

These and other efforts align closely with the work of the Department of Interior to preserve and safeguard America’s natural resources and, after a review to eliminate duplication, would be moved there.

Merging two agencies does not in itself create efficiencies. They still need to accomplish the assignments. Rather than talking about eliminating an agency, Kasich should point out duplications.

RETURN ECONOMIC POWER TO STATES AND COMMUNITIES:

The Economic Development Administration’s grant programs for local communities would be carefully analyzed for duplication and those not eliminated would be transferred to HUD where they would be returned to states and communities in large flexible block grants.

If Kasich had been around in 1776, there would be no United States of America. We still would be individual colonies.

The myth that states, counties and cities, working independently, are more honest and efficient than the federal government is just that: A myth.

BETTER SUPPORT MINORITY BUSINESS:

Shutting the Department of Minority Business Development Agency to eliminate functions and consolidate overhead costs in others would produce significant savings.

While closing and moving offices could bring initial cost increases, they would be more than recouped over time.

The resulting improved services, better management and heightened teamwork will begin the long-overdue rebuilding of American’s confidence that the federal government actually works for them.

It’s fascinating that consolidating small agencies into larger agencies appeals to the same guy who decries “big government” as being inefficient. So “big government” is bad, but “big agencies” are good??

He has, by the way, no plan for “improves services.” He just thinks merger will do it — somehow.

Now you know about Kasich.

In summary, he is the typical pro-rich, anti-middle and anti-poor, right-winger.

He hates regulations because only with regulations can the endless stealing by the rich be slowed.

He hates “big government” (but ironically advocates merging small agencies into big agencies), because local governments alway have been more vulnerable to control by the local, rich “strongman.”

For Kasich, rich is good, poor is bad and ne-er the twain shall meet.

None of his ideas are new or “moderate.” They all come right out of the extreme right-wing playbook.

Kasich may appear moderate only by comparison with Trump and Cruz, two of the looniest candidates the Republicans ever have put before the American people.

In America today, Kasich is what passes for Republican “moderate.”

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 Click here
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 grow the economy, and narrow the income/wealth/power Gap between the rich and you.
========================================================================================================================================================================================================================================================================================================

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

THE RECESSION CLOCK

Recessions begin an average of 2 years after the blue line first dips below zero. A common phenomenon is for the line briefly to dip below zero, then rise above zero, before falling dramatically below zero. There was a brief dip below zero in 2015, followed by another dip – the familiar pre-recession pattern.
Recessions are cured by a rising red line.

Monetary Sovereignty

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.

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Mitchell’s laws:
•Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
•Any monetarily NON-sovereign government — be it city, county, state or nation — that runs an ongoing trade deficit, eventually will run out of money.
•The more federal budgets are cut and taxes increased, the weaker an economy becomes..

•No nation can tax itself into prosperity, nor grow without money growth.
•Cutting federal deficits to grow the economy is like applying leeches to cure anemia.
•A growing economy requires a growing supply of money (GDP = Federal Spending + Non-federal Spending + Net Exports)
•Deficit spending grows the supply of money
•The limit to federal deficit spending is an inflation that cannot be cured with interest rate control.
•The limit to non-federal deficit spending is the ability to borrow.

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.

•The single most important problem in economics is the Gap between rich and the rest..
•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.
•Everything in economics devolves to motive, and the motive is the Gap between the rich and the rest..

MONETARY SOVEREIGNTY

Have you ever played Monopoly? You know all you need to understand U.S. finances.

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

============================================================================================================================================================================================================================================================

Have you ever played the board game, “Monopoly”? Sure you have.

Since 1934, it has become the leading proprietary game not only in the United States but throughout the Western World. As of 1994, the game is published under license in 43 countries, and in 26 languages; in addition, the U.S. Spanish edition is sold in another 11 countries

Monopoly is about buying and selling real estate, and keeping score with Monopoly dollars.

What do Monopoly dollars look like? Your answer might be something like:

“They are rectangular pieces of printed paper, ranging in denomination from 500 dollars on down to 1 dollar. The 500’s are gold and the others are of varying colors, with the 1 dollar being white.”

And you would be wrong.

What you would have described are papers that represent Monopoly dollars. You have described Monopoly bills, not dollars.

You may have played Monopoly, but you never have seen Monopoly dollars. And I can prove it.

Here are two paragraphs from the official Monopoly rules:

Each player is given $1500 divided as follows: 2 each of $500’s,
$100’s and $50’s; 6 $20’s; 5 each of $10’s, $5’s and $1’s.
All remaining money and other equipment go to the Bank

The Bank never “goes broke.” If the Bank runs out of money, the Banker may issue as much more as may be needed by writing on any ordinary paper.

So now tell me, what do Monopoly dollars look like? Image result for four column chart

If, to keep score, the Bank simply can write numbers on pieces of paper, it also can keep score simply by taking a single sheet of paper, dividing it into 4 columns and labeling each column with the name of a player.

Start each column with $1,500 (or whatever number you choose) and as the game is played, add or subtract from each column.

In the end, one player will have all the dollars in his column and the other players will have none.

I actually have played Monopoly this way, when we opened the box to find that many of the bills had been lost and damaged.

So now tell me, what do Monopoly dollars look like?

So far, you have learned:

  1. Before 1934, there were no “Monopoly dollars.” They were created arbitrarily, out of thin air, by a man named  Charles B. Darrow of Germantown, Pennsylvania. He created as many as he wished.
  2. The Monopoly Bank never can run short of dollars. It never can go broke. It can pay any bill of any size simply by creating more dollars. It does not need to “print” dollars. It simply can keep score without printing anything.
  3. Monopoly dollars have no physical existence. They merely are accounting numbers that are recorded in any way the players wish.  They could be recorded on paper or on any electronic device. No one ever has seen, smelled, tasted or held Monopoly dollars.

What are those rectangular pieces of paper that you erroneously have been calling “dollars”? They are dollar bills.

You have seen an electric bill and a water bill. And you have seen a dollar bill. So what is a “bill”?

A bill represents a debt. The electric bill represents your debt to the electric company. The water bill represents your debt to the water company. The dollar bill represents the U.S. government’s debt to the holder of the bill.

What does the government owe you, the holder of a dollar bill?

Answer: The government owes you a dollar.

Let’s go back to the beginning. Just as with the Monopoly dollars, the U.S. dollar had a starting point. Before the creation of the United States, there were no U.S. dollars. They were created arbitrarily by a group of men, who created as many as they wished.

No one ever has seen, smelled, tasted or held U.S. dollars. They merely are accounting numbers that are recorded in any way the users wish.  U.S. dollars could be represented on paper (dollar bills) or on any electronic device. You can see your record of dollars (though not dollars themselves) by accessing your bank’s web site, and looking up your account.

Those numbers represent dollars, just as a U.S. dollar bill represents a U.S. dollar.

The Monopoly Bank never can go “broke.” Because the Monopoly Bank never can run short of Monopoly dollars, it can pay any debt of any size, and does not need to ask any of the players for dollars. To pay any amount, it merely can increase the numbers in any player’s column.

When the Bank’s outgo is greater than its income, the dollars go to the players, who are enriched by the Bank’s deficit.

Similarly, the U.S. government, the creator of the U.S. dollar, never can go “broke.”

Because the U.S. government never can run short of U.S. dollars, it can pay any debt of any size, and does not need to ask any of us for dollars. This means, U.S. taxes are unnecessary for paying U.S. creditors. Even if federal taxes were $0, the U.S. government pays creditors merely by increasing the numbers in the creditors’ bank accounts.

(Note: States, counties, cities and businesses can’t do this, because none of them were the original creator of the U.S. dollar, nor did the write the Official Rules concerning the dollar.)

You never will hear a Monopoly player worry about the size of the Monopoly Bank’s deficits. Monopoly players are smart enough to understand that the creator of the Monopoly dollar never can run short of the dollars it creates.

Unfortunately, many otherwise intelligent people, worry about the size of the U.S. government’s deficits. These otherwise intelligent people are not smart enough to understand that the U.S. government, the creator of the U.S. dollar, never can run short of the dollars it creates.

But what about inflation? Some people acknowledge that the U.S. never can run short of dollars, but their next comment often is, “But that would cause inflation.”

The Value of a dollar (i.e. inflation) is based on this equation: Value = Demand/Supply. An increase in supply would cause inflation unless there were an offsetting increase in Demand.

The game of Monopoly can reflect this. Though not exactly in the Official Rules, the way my family plays, we can buy or sell or trade properties from each other at any time. So when there is an increase in the money supply prices indeed can go up, as “richer” players compete for properties.

But if a player suddenly has huge debts, and his dollar needs (dollar Demand) increases, he may be forced to sell his properties at a discount. Prices go down.

For the U.S., Demand for dollars relates to interest rates. Interest is the reward for owning dollars. Higher interest rates stimulate investors to want dollar-related investments (bonds, notes, CD’s bank accounts, etc.) as opposed to other investments (stocks, real estate, etc.) The U.S. Fed fights inflation by increasing interest rates.

O.K., you now see that.

  1. The U.S. federal government, like the Monopoly Bank, never can run short of dollars.
  2. U.S. taxes, like Monopoly taxes, are unnecessary to fund U.S. (or Bank) spending
  3. U.S. deficits, like Monopoly deficits, are beneficial because they put dollars into the pockets of Americans (players).
  4. Since Value=Demand/Supply, inflation can be fought by decreasing the dollar Supply or by increasing the dollar Demand. For the U.S. this primarily is accomplished by increasing interest rates.

Now, when you hear that the U.S. deficit or debt are too high or “unsustainable,” or the government or its agencies (Social Security, Medicare et al) are “bankrupt,” think about the Monopoly game. Can the Monopoly Bank’s debt or deficit be too high or unsustainable? Can it ever go bankrupt?

In the Monopoly game, the Monopoly rules and the Monopoly dollars were created arbitrarily from thin air, and can continue to be created arbitrarily from thin air.

The same is true of the U.S. dollar and its rules.

You now know more than 99% of Americans, including politicians, the media and even economists.

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 Click here
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 grow the economy, and narrow the income/wealth/power Gap between the rich and you.
========================================================================================================================================================================================================================================================================================================

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

THE RECESSION CLOCK

Recessions begin an average of 2 years after the blue line first dips below zero. A common phenomenon is for the line briefly to dip below zero, then rise above zero, before falling dramatically below zero. There was a brief dip below zero in 2015, followed by another dip – the familiar pre-recession pattern.
Recessions are cured by a rising red line.

Monetary Sovereignty

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.

————————————————————————————————————————————————————————————————————————————————————————————————-

Mitchell’s laws:
•Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
•Any monetarily NON-sovereign government — be it city, county, state or nation — that runs an ongoing trade deficit, eventually will run out of money.
•The more federal budgets are cut and taxes increased, the weaker an economy becomes..

•No nation can tax itself into prosperity, nor grow without money growth.
•Cutting federal deficits to grow the economy is like applying leeches to cure anemia.
•A growing economy requires a growing supply of money (GDP = Federal Spending + Non-federal Spending + Net Exports)
•Deficit spending grows the supply of money
•The limit to federal deficit spending is an inflation that cannot be cured with interest rate control.
•The limit to non-federal deficit spending is the ability to borrow.

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.

•The single most important problem in economics is the Gap between rich and the rest..
•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.
•Everything in economics devolves to motive, and the motive is the Gap between the rich and the rest..

MONETARY SOVEREIGNTY

At our core, do Americans oppose bigotry?

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

============================================================================================================================================================================================================================================================

As a nation of immigrants, we all are part of some minority.

We come from dozens of nations. We carried with us our national customs. And all of us has, at various times, been the victim of bigotry.

If we are Protestant, we may be Adventist, Anglican, Baptist, Calvinist, Lutheran, Methodist or Pentecostal, and within all denominations there are further divisions. And all of us has, at various times, been the victim of bigotry.

Or we may be Jewish, Muslim, Catholic, Buddhist, or belong to one of the dozens of other religions. And all of us has, at various times, been the victim of bigotry.

We come in a variety of sizes, shapes, skin colors, facial features and sexual orientations. And all of us has, at various times, been the victim of bigotry.

So we remember — those of us who are decent Americans — we remember the unfairness of being judged on the basis of some generality about one of the groups to which we belong.

We empathize with the pain, and in our decency we do not wish others to suffer that pain.

Sadly, not all of us are decent Americans. There are some who, for whatever psychological reasons, feel the need to make others suffer. Perhaps it is their way to hide their own weaknesses. Or it maybe their way to gain power by catering to the bigots among us.

80 Big-Name Business Leaders Just Took A Stand Against North Carolina’s Anti-LGBT Law
They say the bill is bad for economic development.

The fight against North Carolina’s new anti-LGBT law gained some high-profile support on Tuesday, when more than 80 prominent business leaders signed a letter calling for a full repeal.

“Discrimination is wrong, and we believe it has no place in North Carolina or anywhere in our country,” reads the letter to North Carolina Gov. Pat McCrory (Republican), released by LGBT civil rights groups Human Rights Campaign and Equality NC.

“As companies that pride ourselves on being inclusive and welcoming to all, we strongly urge you and the leadership of North Carolina’s legislature to repeal this law in the upcoming legislative session.”

The legislation, which McCrory signed into law last week, prevents local governments from creating their own rules and ordinances to protect LGBT rights.

The governor on Monday dismissed backlash against the legislation as “well-coordinated and more political theater than reality.”

Pressure from corporations has worked before in other states, and the letter made the same arguments that discrimination is bad for business.

For historical reasons, the American South has been particularly and deeply involved in racial bigotry. But for the Republican party, racial bigotry primarily dates back to President Nixon’s “Southern Strategy.”

There is, I suspect, something that could be called, “the bigoted mind,” in that if a person is strongly bigoted against one group, that person is more likely to succumb to the bigotry disease against other groups.

And so it is that Republican governors may believe their Southern states will expand their historical bigotry against blacks to include other colors, certain religions and gays.

The letters from leading corporations probably will work, but for the wrong reason. I predict the law will be overturned because of money and not because of morality.

Governor McCrory will cave because money talks, but he and his followers will remain bigots. He undoubtedly will continue his efforts to punish innocent people.

He will try to disenfranchise minority voters, have his police exert excessive pressure on minorities, deny services to minority residents, and overall, exact his vengeance against those who have less power.

As is typical of bullies, he will not have the courage to state his bigotry, but will try to cloak it in a cloud of high-minded sounding justifications. He will “wink-wink” to his fans, as he “explains” his unfair actions.

This now is the Donald Trump method, and he has led the Republicans in that direction.

But, bigotry was not always the Republican way. Consider the irony of Abraham Lincoln having been a Republican.

At Nixon, the GOP came to a fork in the road, where they could have taken the moral path, but decided the Realpolitik bigot path was the route to election success.

This year, as we were in the time of Lincoln, we will be tested as a nation.

Will we demonstrate kindness and mercy for those less fortunate, or will we turn our backs on what has made America great: Our fundamental American decency?

Will we lift up, or will we kick down those whom fate already has oppressed?

Will we be the compassionate generation or will we be the mean generation? How will history remember us?

Do we even care?

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 Click here
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 grow the economy, and narrow the income/wealth/power Gap between the rich and you.
========================================================================================================================================================================================================================================================================================================

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

THE RECESSION CLOCK

Recessions begin an average of 2 years after the blue line first dips below zero. A common phenomenon is for the line briefly to dip below zero, then rise above zero, before falling dramatically below zero. There was a brief dip below zero in 2015, followed by another dip – the familiar pre-recession pattern.
Recessions are cured by a rising red line.

Monetary Sovereignty

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.

————————————————————————————————————————————————————————————————————————————————————————————————-

Mitchell’s laws:
•Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
•Any monetarily NON-sovereign government — be it city, county, state or nation — that runs an ongoing trade deficit, eventually will run out of money.
•The more federal budgets are cut and taxes increased, the weaker an economy becomes..

•No nation can tax itself into prosperity, nor grow without money growth.
•Cutting federal deficits to grow the economy is like applying leeches to cure anemia.
•A growing economy requires a growing supply of money (GDP = Federal Spending + Non-federal Spending + Net Exports)
•Deficit spending grows the supply of money
•The limit to federal deficit spending is an inflation that cannot be cured with interest rate control.
•The limit to non-federal deficit spending is the ability to borrow.

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.

•The single most important problem in economics is the Gap between rich and the rest..
•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.
•Everything in economics devolves to motive, and the motive is the Gap between the rich and the rest..

MONETARY SOVEREIGNTY

For once, I agree with right-wing gun nuts

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

============================================================================================================================================================================================================================================================

This time I agree with the right-wing gun nuts:

A petition has been signed by more than 41,000 people who want the Quicken Loans Arena in Cleveland, Ohio, to allow guns to be openly carried during the convention, which runs from July 18 to 21.

Ohio allows for firearm open carry, but certain locations in the state, including the arena, prohibit firearms anywhere on the premises.

The petition, which was launched last week, includes a photo of a military-style assault rifle and calls the arena’s stance on guns “a direct affront to the Second Amendment and puts all attendees at risk.”

The petition is addressed to all three Republican presidential candidates, Trump, Texas Senator Ted Cruz and Ohio Governor John Kasich, and asks them to push the Republican National Committee to allow the open carry of firearms during the convention.

While it remains unclear whether the petition is genuine or actually a satire, it is being taken seriously by many.

A blog and Twitter user named Hyperationalist—whose biography states “speaking truth to stupid”—said on its WordPress page on Thursday that it launched the petition, acknowledging that it has “clearly struck a nerve.”

The Change.org petition says “Cleveland, Ohio is consistently ranked as one of the top ten most dangerous cities in America,” and by prohibiting guns from the arena, “the RNC and Quicken Loans Arena are putting tens of thousands of people at risk both inside and outside the convention site.”

The petition also includes “the possibility of an ISIS terrorist attack on the arena during the convention.”

I’m not sure whether or not this is a black joke, but in any case I’m all for it.

I think all the delegates to the Republican convention should carry not just handguns or even military-style rifles, but 50 calibre machine guns with belt ammo. Obviously that will make the convention less dangerous.

And Trump’s delegates won’t have to “sucker-punch” or beat people who disagree with them; they can resolve differences with finality.

If possible, delegates should have bazookas too, in case ISIS attacks with tanks.

Trump said he wants to “study the fine print” of the petition and said he hasn’t yet read it. He also referred to himself as “a very, very strong person for [the] Second Amendment.”

America, this is your Republican party at work.

While Trump “studies the fine print,” the rest of the crazies won’t need to study.  They’ll be all for it.

Me, 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 Click here
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 grow the economy, and narrow the income/wealth/power Gap between the rich and you.
========================================================================================================================================================================================================================================================================================================

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

THE RECESSION CLOCK

Recessions begin an average of 2 years after the blue line first dips below zero. A common phenomenon is for the line briefly to dip below zero, then rise above zero, before falling dramatically below zero. There was a brief dip below zero in 2015, followed by another dip – the familiar pre-recession pattern.
Recessions are cured by a rising red line.

Monetary Sovereignty

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.

————————————————————————————————————————————————————————————————————————————————————————————————-

Mitchell’s laws:
•Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
•Any monetarily NON-sovereign government — be it city, county, state or nation — that runs an ongoing trade deficit, eventually will run out of money.
•The more federal budgets are cut and taxes increased, the weaker an economy becomes..

•No nation can tax itself into prosperity, nor grow without money growth.
•Cutting federal deficits to grow the economy is like applying leeches to cure anemia.
•A growing economy requires a growing supply of money (GDP = Federal Spending + Non-federal Spending + Net Exports)
•Deficit spending grows the supply of money
•The limit to federal deficit spending is an inflation that cannot be cured with interest rate control.
•The limit to non-federal deficit spending is the ability to borrow.

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.

•The single most important problem in economics is the Gap between rich and the rest..
•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.
•Everything in economics devolves to motive, and the motive is the Gap between the rich and the rest..

MONETARY SOVEREIGNTY