Tag: republicans cut the budget

–Religious zealotry, homeopathic medicine, creationism and debt fear: The debt hawks and the vaccine deniers

The debt hawks are to economics as the creationists are to biology. Those, who do not understand monetary sovereignty, do not understand economics. Cutting the federal deficit is the most ignorant and damaging step the federal government could take. It ranks ahead of the Hawley-Smoot Tariff.
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The existence, for instance, of religious zealotry, homeopathic medicine and creationism, have inoculated me against amazement at the human ability to believe strongly in ideas for which there is no supporting evidence. So rather than being surprised, I was strangely fascinated by an article appearing in the January 2011 NewScientist magazine, titled “The irrationality vaccine.”

The article described three books, The Panic Virus: A true story of medicine, science and fear, by Seth Mnookin, Deadly Choices: How the anti-vaccine movement threatens us all, by Paul Offit, and Tabloid Medicine: How the internet is being used to hijack medical science for fear and profit, by Robert Goldberg. Here are excerpts from the article:

As he tells it, Mnookin was annoyed by the clueless intellectuals he encountered at New York dinner parties, who boasted about withholding necessary vaccines from their children. To these elites, these thinkers, giving children so many shots “just felt wrong.”

Hmmm. Clueless intellectuals. Science trumped by intuition. Medicine withheld. Sounds familiar.

. . . one cannot grasp how we became so dangerously irrational in our outlook on vaccines without first understanding the role of the mass media – now almost entirely shorn of its science journalists and increasingly driven by sensationalism and crass financial considerations.

Hmmm. Media dominated by sensationalism. Sounds familiar.

Anti-vaccine activists and a few sympathetic scientists raise concerns that, although implausible, draw uncritical media attention.

Hmmm, Uncritical media attention. Sounds familiar.

. . . the activists continue to draw followers and, if anything, only grow more extreme in their convictions. They continue to garner media attention, and so the irrationality the media let out of the bag is never put back in.

Hmmm. More extreme convictions garner even more media attention. Sounds familiar.

Sustained encounters with a small group of like-minded people almost inevitably leads to the conclusion that everyone thinks the way you do. . . Children are dying out there because of anti-vaccine misinformation and those who act on it. . . Offit hopes the press will tell the other side of the story – about the harms caused by anti-vaccine advocates.

Hmmm. Children sick and dying because of misinformation. Sounds familiar.

. . . these three books . . . are a call to arms against the broader phenomenon of tilting against reality, or making up ones’ own version of it, and clinging to it fiercely despite all evidence and consequences . . . Irrationality can be a very dangerous and communicable disease – and we still don’t know how to adequately inoculate against it.

Hmmm. Clinging to ideas fiercely, despite all evidence and consequences. Sounds familiar.

I found the article about vaccine deniers eerily reminiscent of what has happened to the science of economics, where intuition overrules fact, media (especially TV) are shorn of real economists and dominated by sensationalism and extremism, uncritical media attention for factually unsupported ideas, children sick and dying as a result, and vain hopes the media some day will tell the other side of the story – about the harms caused by the anti-deficit advocates.

In essence, the debt hawks are religious zealot, creationist, vaccine deniers. They encourage the media to print wrong-headed, “sky-is-falling” sensationalism. They rely not on facts, of which they have none, but on personal intuition. They withhold from the economy, the one medicine necessary to cure it: Money.

As a result, we have an epidemic of debt-fear, sentencing millions of American men, women and children to a future of mean and miserable lives, then to die prematurely.

Who is at fault? The debt hawks? The media? The politicians? The voting public?

Rodger Malcolm Mitchell
http://www.rodgermitchell.com

No nation can tax itself into prosperity, nor grow without money.

–Advice to Republicans: Here’s how to appeal to voters and win the next election

The debt hawks are to economics as the creationists are to biology. Those, who do not understand monetary sovereignty, do not understand economics. Cutting the federal deficit is the most ignorant and damaging step the federal government could take. It ranks ahead of the Hawley-Smoot Tariff.
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Here is some advice for the Republican party. Don’t be deceived by your successes in the past election. That was the result of voter panic. Your downward slide already has begun. Look at the polls. Look at the drop in money contributions.

If you follow this advice, you will reverse the coming slide, appeal to voters and possibly win the next election. If you don’t follow it, and continue on your current path, you will win — the race to the edge of the cliff.

What is the biggest problem facing America? The voters will tell you it’s jobs. What is the Republican focus? Obama and the budget. You Republicans have forgotten your strengths in your tunnel-vision rush to oppose everything Obama and the Democrats want.

The Republicans should stop trying to cut the deficit. Reducing the deficit will provide exactly zero jobs. Your strength is your support for, and your understanding of, business. And it is business that provides the jobs, not budget cuts.

Here’s what the Republicans should try to accomplish:
1. Eliminate FICA. FICA takes money from the pockets of businesses and consumers, and it’s regressive. It probably is the worst tax in America. It is dramatically negative for jobs.

2. Reduce business income taxes. Why punish the people who provide jobs if you want to increase jobs? Why reduce business’s ability to grow and to hire?

3. Provide more financial support for the states, so the states can fund those local projects that create jobs, for instance construction, education, police and fire. I suggest, as a start, giving each state $1,000 for each resident, no strings attached.

Not only would these initiatives provide a powerful stimulus for the American economy, but they would give Republicans good talking points with the voters. Republicans would be able to lay claim to the “job-building party.”

Sadly, the Republican “leadership” (Is there a Republican leadership?) wants to fire people, by cutting federal jobs and by cutting federal spending on dozens of job-creating initiatives. They simply don’t get it.

I am sad to see how far the Republican party — once my party of choice — has fallen. This is not the Reagan party any more. It’s the Tea Party now, and America is paying the price.

Rodger Malcolm Mitchell
http://www.rodgermitchell.com

No nation can tax itself into prosperity.

–1937 Redux: How our leaders have learned nothing from history

The debt hawks are to economics as the creationists are to biology. They, who do not understand monetary sovereignty, do not understand economics.

For those of you who don’t remember the Great Depression (almost everyone, now), it began in 1929, after several years of federal surpluses ( Item 3.), but by the early-1930’s we already were on our way to recovery – something like today. Then, the government decided to reduce the federal deficit with increased taxes and reduced spending — something like today. So we had four more years of depression (something like tomorrow?)

According to Wikipedia: “The Recession of 1937–1938, sometimes called the Roosevelt Recession, was a temporary reversal of the pre-war 1933 to 1941 economic recovery from the Great Depression in the United States. Economists disagree about the causes of this downturn. Keynesian economists tend to assign blame to cuts in Federal spending and increases in taxes at the insistence of the US Treasury, while monetarists, most notably Milton Friedman tended to assign blame to the Federal Reserve’s tightening of the money supply in 1936 and 1937.”.

Hmmm. Let’s think about that. “Cuts in federal spending . . . and increases in taxes” = federal deficit reduction. “Tightening of the money supply . . .” also = federal deficit reduction. So here you had two different schools of thought, both saying essentially the same thing. The 1937 recession was caused by what we today refer to as “austerity.”

So what do our political leaders favor, now that we are creeping out of the latest recession. Yes, that same austerity. Republicans hate federal spending. They stand ready with dozens of proposals to slash the federal budget. Reportedly, they want to cut $260 billion (25%) from the federal budget. Now that should be stimulative.

Republicans also do not believe their proposed cuts in education, Medicare, unemployment compensation and many other worthy federal projects will hurt anything or anyone.

The Democrats are no smarter. They have to be dragged kicking and screaming, to retain (not even cut, just retain) the Bush era tax levels. They do not believe taxes, which remove money from the economy, slow the recovery. They want to tax the “wealthy,” because . . . well, because that is what Democrats, with their eternal class warfare strategy, do.

Then we have the media. My hometown newspaper, the Chicago Tribune repeatedly rails against the federal debt. They never explain why. They don’t provide data. They just don’t like it. The Tribune is typical of the media, which almost universally hate the debt, and almost universally don’t provide data supporting their position.

And then there is Fed Chairman Bernanke, who feels we must “act to bring down long-term fiscal deficits.” He too, has no clue about why and never gives a coherent reason.

Finally, we have the mainstream economists – all those Nobel winners – none of whom seem to understand monetary sovereignty, and all of whom call for less deficit spending.

Put them all together and things look very bad for this fragile economy. With leaders like these, who needs enemies?

Rodger Malcolm Mitchell
http://www.rodgermitchell.com

No nation can tax itself into prosperity. Those who say the stimulus “didn’t work” remind me of the guy whose house is on fire. A neighbor runs with a garden hose and starts spraying, but the fire continues. The neighbor wants to call the fire department, which would bring the big hoses, but the guy says, “Don’t call. As you can see, water doesn’t put out fires.”