Mitchell’s laws:
●The more 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.
●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 previous post explored the first part of Mitt Romney’s secretly recorded butter-up to his wealthy base — the infamous “47%” rant in which he said that 47% of America think of themselves as victims and only want to receive federal support rather than making it on their own. Here is the last part.

MITT ROMNEY: . . . we have responsibility for the whole world. They (China) are only focused on one little area in the world, the South China Sea, the East China Sea. That’s it. And they’re building a military at a rapid rate.

Translation: “I know so little about international politics I actually believe China is worried only about the South China Sea (or is it the East China Sea? Gee, I don’t know which, but I do know you people love it when I use my China-scare line.)”

ROMNEY: Our Navy’s smaller in number of ships than anytime since 1917. And this president wants to shrink it. The list goes on. Our Air Force is older and smaller than anytime since ’47 when the Air Force was formed. And he wants to shrink it. If we go the way of Europe, which is spending 1% to 2% of their economy on the military, we will not be able to have freedom in the world.

Translation: “Psst, don’t tell anyone, but under Republican G.W. Bush, the number of ships shrank 10%, from 316 to 285, which is where it is now, and the number of planes fell 10%. But, facts never have been my strong suit. Anyway, I want to cut Medicare and Social Security (and Public Broadcasting and deductions for home mortgages and other stuff important to the lower 99% income groups), because we can’t afford them, but I want to spend more on military weaponry, because we can afford it and the rich manufacturers want it.

MITT ROMNEY: We have a website that lays out white papers on a whole series of issues that I care about. And what– I wish we weren’t unionized so we could go a lot deeper than you’re actually allowed to go.

Translation: “If it weren’t for the unions, I could cut even more jobs — my specialty. That would help the middle- and lower-classes, which by the way, are the people in unions. Got it?”

If you go to “Mitt Romney’s Plan for a Stronger Middle Class,” you’ll find his suggestions. Here are a few, with my translations in parentheses:

*Eliminate regulations destroying the coal industry (“The coal industry has such an excellent record for safety, concern for workers and for protecting the environment, we safely can cut regulations.”)

*Give every family access to a great school and quality teachers (“I have no idea how to do this, nor what the cost would be, but it sure sounds nice.”)

*Provide access to affordable and effective higher education options. (“Even I don’t know what this means.”)

*Attract and retain the best and the brightest from around the world. (“So long as they aren’t Mexican or poor, we want immigrants – and so long as they don’t take American jobs, which they all do.”)

*Curtail the unfair trade practices of countries like China (“First, we’ll start a trade war with China. Then we’ll go to war against India, Viet Nam, Mexico, Peru, and all the other countries that provide our middle- and lower-classes with less expensive goods.)

*Reduce taxes on job creation through individual and corporate tax reform. (“When I say ‘reform,’ I really mean we’ll cut taxes on the rich, while we ‘broaden the base’ – my euphemism for: tax more lower income people.”)

*Stop the increases in regulation that are tangling job creators in red tape (“I’m fixated on regulations, because the recession was caused by too much regulation of banks. And of course, we have too much oversight of pharmaceutical companies, car companies, food processors, stock brokers, mortgage providers, commodity brokers, chemical companies, oil companies and . . . you know. Instead, we should regulate China.”)

*Protect workers and businesses from strong-arm labor union tactics (“Percentage of union membership is only half of what it was 30 years ago, but it’s the unions, not the major corporations, that caused the recession. My rich voters love when I bash the unions.”)

*Replace Obamacare with real health care reform that controls cost and improves care. (“Cut benefits, institute vouchers, and call it ‘reform.’ And please don’t remind me Obamacare is the same plan I created for Massachusetts.”)

*Immediately reduce non-security discretionary spending by 5% (“Grow the military, but shrink Medicare, Medicaid, Social Security, road and bridge maintenance, food stamps and every other benefit to the poor and middle classes.”)

*Cap federal spending below twenty percent of the economy (“It’s called ‘austerity.’ I have no idea why or even how I would do this, but my rich voters like the idea of austerity. It’s done really well for Greece, Italy, Spain and Portugal. Love watching those people riot.”)

*Give states responsibility for programs they can implement more efficiently (“‘Responsibility’ is my euphemism for ‘Shift the costs onto the states, which already are broke.’ That’s how I cut spending by a federal government that creates all the money it needs. It’s clever, but what is even cleverer is this: Because the states are broke, they will have to cut the programs, nearly all of which benefit the lower- and middle-classes. And lots of these people will vote for me!”)

Yes, many of the people who will be hurt most by Romney’s policies, plan to vote for him. Why? They feel things are so bad, anything would be better. It’s called, “the-frying-pan-into-the-fire” syndrome.

And that fire will be hotter than anything they can imagine.

Rodger Malcolm Mitchell
Monetary Sovereignty

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

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

Mitchell’s laws:
●The more 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.
●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.
==========================================================================================================================================

You are familiar with the recording of Mitt Romney denigrating 47% of the population as a bunch of lazy, freeloaders. But that was only a small part of the Romney rant. You can read the entire transcript here.

Meanwhile, here are a few excerpts:

MITT ROMNEY: As I said in my remarks earlier, I see these two very different scenarios. One is– has America really powering the world economy with an extraordinary economy here, with China working with us, wanting to see stability in the world and– a very vibrant America with freedom and prosperity for the great bulk of the American people.

On the other hand, I really do see something like Europe. And I think that’s the path we’re on right now. So that’s why I wanna make sure that what little I’ll have left after the campaigns goes to my– (LAUGHTER) goes to my grandchildren.

Translation: “By some magic, which I will not reveal to you, I will make China work with me. I think we’re on the path to becoming Europe, because they have to cut deficits (austerity) and I want us to cut deficits (austerity), too.” So I’ll put us on the same path.

ROMNEY: My dad, you probably know, was– was the governor of Michigan and was the head of a car company, but he was born in Mexico. And– had he been born of Mexican parents I’d have a better shot of winning this, but he was– (LAUGHTER) unfortunately born of Americans living in Mexico. They’d lived there for a number of years. And I say that jokingly, but it’d be helpful to be Latino.

My dad never had the money or time to get a college degree.

Translation: Unlike you and me – that is, rich and white – the Latinos have everything handed to them. They are part of that 47% I’ll talk with you about – those people who just want to feed off us rich, white people. You know what I’m talking about (wink, wink).”

[Remember that line about his father coming from Mexico and being too poor to go to college. It will mean more, later.]

ROMNEY: Folks who don’t know Elizabeth Warren– she’s the woman who’s running for U.S. Senate in Massachusetts — who said that she’s Cherokee and has put on her application over the years that she’s Cherokee and Harvard put down that she’s one of their minority– faculty members. It turns out that at most she’s 1/32nd Cherokee. (LAUGH) And even that can’t be proven. So– at any event, I mean I could put down my dad was born in Mexico and leave it at that. (LAUGHTER)

Translation: (More wink, wink.) “I’ll insult the Latinos now, because you want to hear that, but later, I’ll tell you how I want the Latino vote.”

ROMNEY: (My wife’s family) got together as a family and said, “You know, to be successful in America you’ve gotta get an education.” And they couldn’t afford an education. And the kids and the parents said, “You know, if we all work and we all save we could afford to send one of us to college.” And they– they sent my wife’s dad. Can you imagine working every day, taking a couple of jobs and saving your money so that your brother could go to– I mean I would never do that for my brother. (LAUGHTER)

Translation: See how humble I am? I even tell you how selfish I am. I know how selfish you all are, so you surely you must love selfish people — like me.

ROMNEY: I look forward to getting America back on track and having people plan on bringing their their ideas and their dreams to this country. We need big dreamers, by the way.

I’m just we didn’t talk about immigration today, but gosh I’d like to bring in more legal immigrants that have skill and knowledge. I’d like to staple a green card to every PhD in the world and say, “Come to America. We want you here.” Instead we make it hard for people who get educated here or elsewhere to make this their home.

Unless, of course, you have no skill or experience, in which case you’re welcome to cross the border and stay here (LAUGH) the rest of your life.

Translation: “I come from poor, humble roots, but I don’t want any more poor, humble people coming here. I only want PhD’s, or people who are rich enough to afford college. And we should make an easier path to citizenship for those rich, educated people, but not for the rest, even though, as I now say, ‘My campaign is about the 100%.’”

MALE VOICE: The debates are gonna be coming and I hope at the right moment you can turn to President Obama, look at the American people and say, “If you vote to reelect President Obama you’re voting to bankrupt the United States.” I hope you keep that in your quiver, because that’s what’s gonna happen.

MITT ROMNEY: Yeah. Yeah. There’s– the former head of– Goldman Sachs, John Whitehead– was also the former head of the New York Federal Reserve and– and I met with him and he said, “As soon as the Fed stops buying all the debt that we’re issuing–” which they’ve been doing. The Feds buy like 3/4 of the debt that America issues.

He said, “Once– once that over– that’s over,” he said, “we’re gonna have a failed Treasury auction. Interest rates are gonna have to go up. You know, we’re we’re living in this borrowed– fantasy world where– where the government keeps on borrowing money.” You know, we– we borrow this extra trillion a year. We wonder, “Well, who’s– who’s loaning against the Treasury? The Chinese aren’t loaning to us anymore. The Russians aren’t loaning it to us anymore. So who’s giving us a trillion?“

Translation: “The Fed is buying all the debt we’re issuing. So where are they getting the money to buy that debt? Hmmm. . . wait, I know.”

ROMNEY: And the answer is we’re just making it up. The Federal Reserve is– is just taking it and saying, “Here, we’re giving–” it’s just made up money. And– and this– this does not augur well for our economic future. No. I mean some of these things are complex enough it’s not easy for people to understand, but your– your point of saying bankruptcy usually concentrates the money.

Translation: “Don’t tell anyone this, but I actually do understand and agree with Monetary Sovereignty. The federal government just makes up dollars. It doesn’t need to tax. It doesn’t need to borrow, especially since the Fed buys nearly all the debt.

However, I don’t want you to know my ‘concern’ about deficits is a bunch of hogwash. As usual, I’ll tell you only what you want to hear, and of course, take both sides of every issue.

MITT ROMNEY: . . . if you take the total national debt and the unfunded liabilities of Medicare, Social Security and Medicaid, the amount of debt plus unfunded liabilities per household in America is $520,000. Per household. Ten, 12 times their income. And even though we’re not gonna be writing a check for that amount per household, they’re gonna be paying the interest on that– it’s extraordinary to think that tax rates– someone calculated what would happen if we don’t change Medicare or Social Security, the tax rate– you know what the payroll tax is now? It’s 15.3%. If we don’t change those programs that tax rate will have to ultimately rise to 44%.

Translation: “We have to cut Medicare and Social Security – two programs that benefit the lower 99% most. And even though I just said that the federal government is just making up money, we still have to raise FICA to pay for Medicare and Social Security. Don’t ask me what happens to that made up money.

The payroll tax. Then there’s the income tax on top, which the president wants to take to 40%. Then there’s estate tax in most states and– sales tax and so forth. You end up having to take 100% of people’s income. And yet the president, three and a half years in, won’t talk about reforming Social Security or Medicare.

Translation: “Of course, I only pay 14%, and I got it that high by temporarily not claiming a couple million dollar deduction for charity. After the election, I send in an adjust return, and get my rate down to 10%. That’s almost 100%, isn’t it?

‘Reforming’ Social Security and Medicare is my euphemism for cutting the hell out of them. But I never will admit that’s what I want to do.”

ROMNEY: We should have been aggressively supporting the voice of the dissent in Iran. And when there was an effort towards revolution there we should have been aggressively supporting it. And, finally, we should have made it clear, at least by now, that we have military plans to potentially remove their– their nuclear capabilities.

Translation: “As always, I have no plan for sending soldiers into Iran, without killing thousands of Americans, but I like to sound tough.”

ROMNEY: That doesn’t mean we actually pull the trigger, but it means that we communicate to them that we’re ready to– to do so. And that it is unacceptable to America to have– a nuclear Iran. Instead, what this administration has done is communicate to the Iranians that we’re more worried about Israel attacking them than we are about them becoming nuclear.

Translation: “Threaten them, but don’t actually do anything, so the next time we threaten, they’ll know we’re just bluffing. Who says I don’t have a plan?”

MITT ROMNEY: I saw Dr. Kissinger. I said to him– “How are we perceived around the world?” And he said, “One word, veek.” (LAUGHTER) We are weak. And– and that’s has this president is perceived– by our friends and– and– and– and unfortunately by our foes.

And it’s no wonder that Kim Jong-on– the new leader of North Korea, announces a long range missile test only a week after he said he wouldn’t. Because it’s like, “What’s this president gonna do about it?” You know, if you can’t act, why don’t threaten. Please.

Translation: “Uh, I forgot that 30 seconds ago I said, ‘That doesn’t mean we actually pull the trigger, but it means that we communicate to them that we’re ready to do so.’ And now I say, ‘. . . if you can’t act, don’t threaten. Please.’ But so what? I always take both sides of every issue – so I don’t miss anyone.

“Bottom line: My father succeeded, despite coming here poor and without college, but we don’t want to let in any more of those people. I have a plan to make China work with me, but I won’t tell you what it is. Though Latinos are among our poorer people, they get everything handed to them. But I’m for 100% of Americans.

The government has the unlimited ability to create dollars, and the Fed is buying all our debt, but the deficit and debt are unsustainable. I plan to cut Medicare and Social Security, while denying I plan to cut Medicare and Social Security. We should threaten Iran, but do nothing, even though if you can’t act, don’t threaten.

And can you imagine, some people say I don’t have any specific plans? Wrong. I have one, very specific plan: Tell you what you want to hear, so you’ll give me money and vote for me.

Pretty good plan, huh?”

The second part of the tape will be discussed shortly.

Rodger Malcolm Mitchell
Monetary Sovereignty

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

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

Mitchell’s laws:
●The more 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.
●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.
==========================================================================================================================================

A reader (Steveiii) suggested I “enlarge” the “Nine Steps to Prosperity” you can read at the bottom of each recent post and in Nine steps to prosperity; a short message to #Occupy Wall Street Friday, Oct 7 2011

The “Nine Steps” all are based on one simple truth. Our federal government, being Monetarily Sovereign (since August 15, 1971), and having the unlimited ability to create dollars, neither needs nor uses tax dollars. Federal deficit spending is the ultimate free lunch, limited only by inflation (which the Fed controls by increasing the demand for dollars).

That being the case, federal deficit spending costs you nothing, but it benefits you greatly, because it stimulates the economy.

Yet, our politicians and media fight tooth and nail to prevent American prosperity. They repeatedly propose plans to cut federal spending on products and services that benefit you. My belief is they do this intentionally, to widen the gap between the upper 1% income groups and you.

I understand the motive of the 1%, by why do you, as a member of the 99%, agree with them? Here are the “Nine Steps,” with a bit more explanation. I fully expect to receive angry letters, Emails and blog comments, telling me I not only am wrong, but stupidly wrong. So, my only question of the writers will be: Why are you so hostile against a program that will benefit you, while costing you nothing?

Why not have an open mind to the possibility that there is a better way than what the politicians and media have been preaching?

1. Eliminate FICA

FICA impacts the lower and middle classes. It is the single, most regressive tax in America, and substantially widens the income gap between the 1% and the 99%. For many of you in the lower- and middle-income groups, it is the biggest tax you pay. Part of it is hidden as a tax against your employer, who simply deducts it from your pay. As with all federal taxes, it has no function.

2. Medicare — parts A, B & D — for everyone. A healthier population benefits America. So why not give everyone free medical care?

3. Send every American citizen an annual check for $5,000 or give every state $5,000 per capital If the federal government sends the $5,000 directly to citizens, they will spend or save it. Spending directly increases GDP (GDP = Federal Spending + Non-federal Spending – Net Imports). Saving eventually enters the economy as spending.

Or we could give our troubled states the $5,000 per person, which would help them improve state services and/or cut state taxes. Being monetarily-nonsovereign, they cannot create dollars, so rely on taxes or dollars coming in from outside their borders.

4. Long-term nursing care for everyone (See #2)

5. Free education (including post-grad) for everyone. Currently, the states, counties and cities, which have limited funds, are forced to pay for grades 1 – 12. And individuals are forced to pay for grades 13+. Why not have the federal government, which can afford anything, assume the financial responsibility for all grades?

This would remove the burden from taxpayers, and allow every citizen to receive a free education. A more educated America is a stronger America.

6. Salary for attending school. The federal government should pay all students – elementary school, middle school, high school, college and post grad – a salary. There are too many reasons to include in this post. I suggest you read: Salary for attending school and subsequent posts by the same name.

7. Eliminate corporate taxes. Businesses provide goods, services and jobs. We should try to make U.S. businesses as profitable as possible. But taxes reduce business profits, making them less able to provide the aforementioned goods, services and jobs. Taxing corporations is like starving the goose that lays our golden eggs — when goose food is free and available.

8. Increase the standard income tax deduction annually. The standard deduction benefits the lower income 99% far more than the upper 1%. Increasing the deduction would benefit the middle class, and doing it annually, would prevent any inflationary shock from eliminating all income taxes suddenly.

9. Increase federal spending on the myriad initiatives that benefit America’s 99%. Government spending benefits us, particularly the 99%. It builds our roads, dams and bridges. It pays to protect us from our enemies. It defends against criminals and natural disasters. And it pumps dollars into our pockets.

There are more than 600 federal agencies. While some are more needed than others, and some even may be useless, in total they unquestionably perform valuable services to Americans.

Cutting the size of our government has zero benefit to you and me. The government provides for us, what we cannot provide for ourselves.

All of the above is based on one simple fact: Our government, being Monetarily Sovereign, can pay any bill of any size, and does not rely on taxes or on borrowing. Federal deficits are not a burden on the government or on taxpayers.

Federal spending is not “unsustainable.” The federal government is not “spending money we don’t have.” And the federal government cannot “go broke.”

By limiting federal deficit spending, we force our government to fight the war against want and need, with one hand tied behind its back.

Rodger Malcolm Mitchell
Monetary Sovereignty

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

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

Mitchell’s laws:
●The more 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.
●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.
==========================================================================================================================================

Mitt Romney, the man of many (none?) beliefs, finally has decided to make a statement about international conflict. His timing might have been a bit better:

The Guardian
Mitt Romney: arm the Syrian rebels
Republican presidential candidate is to call for an escalation of the conflict in Syria in a major foreign policy address
Ewen MacAskill in Washington
Monday 8 October 2012

Mitt Romney will call for an escalation of the conflict in Syria by arming rebels with the heavy weapons needed to confront president Bashar al-Assad’s tanks, helicopters and fighter jets.

Romney is to make the proposal on Monday in what his campaign team has billed as a major foreign policy speech in Lexington, Virginia. In extracts published in advance, he opened up the prospect, if he becomes president, of a US-Iranian proxy war being fought in Syria.

The proposal would mark a significant shift from Barack Obama’s administration’s policy of trying to keep the conflict a low-intensity one amid fears it might turn into a regional war. Obama is putting pressure on Saudi Arabia and Qatar, the main backers of the rebels, to restrict the supply of weapons to small arms.

The Republican presidential candidate has made several attempts at establishing his credentials to be commander-in-chief but those speeches made little impact. The speech is aimed at countering critics who say he has not had much to say so far about foreign policy and given little indication of the lines he would pursue as president.

He accused Obama of failing to provide unequivocal support for the rebels in Syria. “I will work with our partners to identify and organise those members of the opposition who share our values and ensure they obtain the arms they need to defeat Assad’s tanks, helicopters, and fighter jets.”

Although Romney has straddled nearly every side of nearly every issue, he finally has decided to take a bold stand — just in time to look even more foolish and reckless:

Islamic militants help seize missile base in Syria
By Ben Hubbard and Zeina Karam | Associated Press

BEIRUT (AP) — Fighters from a shadowy militant group with suspected links to al-Qaida joined Syrian rebels in seizing a government missile defense base in northern Syria on Friday, according to activists and amateur video.

The assault underscored fears of advanced weaponry falling into the hands of extremists playing an increasingly large role in Syria’s civil war. Videos purportedly shot inside the air defense base and posted online stated that the extremist group, Jabhat al-Nusra, participated in the overnight battle near the village of al-Taaneh, five kilometers (three miles) east of the country’s largest city, Aleppo. The videos show dozens of fighters inside the base near a radar tower, along with rows of large missiles, some on the backs of trucks.

A report by a correspondent with the Arabic satellite network Al-Jazeera who visited the base Friday said Jabhat al-Nusra took the lead in the attack, killing three guards and taking others prisoner before seizing the base. The report showed a number of missiles and charred buildings, as well as fighters wearing black masks.

So Mitt Romney, safely at home, surrounded by secret service agents, wants to give the rebels heavy weapons? And what will the rebels do with those heavy weapons? Anyone think there is a possibility they might give them to Jabhat al-Nusra, who then will turn them on our troops?

The U.S. has a long history of supporting rebels who later became our enemies. Thousands of American soldiers have paid the price. President Obama also had been guilty of “If-we-help-them,-they’ll-love-us” syndrome, though he lately he may have begun to learn his lessons in political reality.

Surely, the attack on the U.S. consulate compound in Benghazi, Libya, that left Ambassador Chris Stevens and three other Americans dead, has been educational.

Romney having learned nothing from history, wants to repeat the ham-handed, bully politics of our past, which includes arming everyone in sight, and hoping something good comes out of it.

Of course, arming rebels is good business for our wealthy weapons industry, but that couldn’t have anything to do with Romney’s new stand — could it?

Rodger Malcolm Mitchell
Monetary Sovereignty

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

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