The single biggest reason America is in deep trouble.

America is in trouble. We have way too much poverty, crime, and murder.

There is far too large a Gap between the rich and the rest. Our infrastructure is crumbling. Our schools, grades K-12 are shameful. Our healthcare system is inadequate.

We no longer lead the world in most measures except perhaps in the number of nuclear weapons we can fire.

We are a long, long way from being “the greatest country in the world,” as we love to boast.

We face treason on a national scale.

And the single biggest reason for our numerous failures is exemplified by the following article:

Manchin draws red line in infrastructure talks
Jordain Carney

Sen. Joe Manchin (D-W.Va.) warned on Tuesday that he wants both a bipartisan infrastructure bill and a separate Democratic-only bill to be fully paid for.

“I think everything should be paid for. We’ve put enough free money out,” Manchin told reporters.

Actually, the U.S. federal government always has  “paid for” everything it buys. Unlike Donald Trump’s creditors, no federal government creditors ever are cheated.

But, of course, that is not what Manchin means. He means that the government should collect as many dollars in taxes as it spends — i.e. a balanced budget — which for the U.S. government, a spectacularly damaging requirement.

Either Manchin is just pandering to his right-wing, West Virginia voters, who are clueless about federal finance, or he himself is clueless about federal finance.  Or both.

The federal government is unlike you, me, and all state/local governments. It uniquely is Monetarily Sovereign, meaning it has the unlimited ability to create its sovereign currency, the U.S. dollar. It cannot run short of dollars.

Every time the federal government runs a surplus, or a balanced budget, we have recessions and depressions:

U.S. depressions tend to come on the heels of federal surpluses.

1804-1812: U. S. Federal Debt reduced 48%. Depression began 1807.
1817-1821: U. S. Federal Debt reduced 29%. Depression began 1819.
1823-1836: U. S. Federal Debt reduced 99%. Depression began 1837.
1852-1857: U. S. Federal Debt reduced 59%. Depression began 1857.
1867-1873: U. S. Federal Debt reduced 27%. Depression began 1873.
1880-1893: U. S. Federal Debt reduced 57%. Depression began 1893.
1920-1930: U. S. Federal Debt reduced 36%. Depression began 1929.
1997-2001: U. S. Federal Debt reduced 15%. Recession began 2001.

We have recessions, even when we run deficits that are not large enough:

Recessions (vertical gray bars) tend to occur when federal deficit growth (blue line) declines and are cured when deficit growth increases.

Manchin’s demand, if he sticks to it, could create real problems in Democratic negotiations.

The party in a matter of weeks is seeking to exercise a complicated legislative goal of winning Senate approval of both a bipartisan infrastructure measure opposed by many progressives and a budget resolution that will tee up a larger Democratic bill filled with spending priorities.

The latter bill will not win any GOP support and will need to pass with just Democratic votes, including Manchin’s.

The GOP will not support any bill that will benefit America, because such bills would make President Biden and the Democrats look good. The GOP’s greatest fear is that America will like what Biden does.

They hope for a recession or a depression they can point to. These are “patriots”?

A group of 22 senators, including Manchin, agreed to a framework for a bipartisan infrastructure deal that would spend $1.2 trillion over eight years. But there are concerns among Republicans that the bill isn’t fully paid for, threatening GOP support for it. 

It’s a fake concern, for political purposes. Having already spent $25 trillion that “isn’t paid for” (i.e. via taxing) the federal government easily can pay for this bill, too. The 22 senators know this.

Republican negotiators in the group have warned that the Congressional Budget Office (CBO) could lowball the amount of revenue the proposal will raise.

“I know there are some things that we’re relying on as pay-fors that will probably not receive a CBO score but nonetheless are real,” Sen. Mitt Romney (R-Utah) told reporters.

Meanwhile, Democrats are trying to agree to a price tag for their larger bill.

The two parties are arguing about how many angels can dance on the head of a pin. It’s all political theater for you, a gigantic lie to keep you from receiving federal benefits. The GOP’s purpose is to widen the Gap between you and the very rich, who run the GOP.

Democrats have yet to agree on a top-line figure. Senate Majority Leader Charles Schumer (D-N.Y.) met with Democrats on the Senate Budget Committee on Monday night but didn’t get an agreement. They’ll meet again on Tuesday night.

Senate Budget Committee Chairman Bernie Sanders (I-Vt.) has thrown out $6 trillion, paying for roughly half, as where he would like to go on the Democratic-only bill.

Sen. Mark Warner (D-Va.), a member of the panel, has suggested he’s closer to roughly $4 trillion.

All federal spending always is fully “paid for.”

The liars would like you to forget that last year alone, the government spent more than $4 trillion in stimulus money that supposedly wasn’t “paid for.” And the GOP specifically would like you to forget their Trump tax cut for the rich, that wasn’t “paid for.”

Manchin has acknowledged that a Democratic-only bill is “inevitable” but hasn’t committed to a specific top-line figure. He’s warned, though, that he doesn’t want to go as high as Sanders.

“I want to make sure we pay for it. I do not want to add more debt on. So if that’s $1 trillion or $1.5 trillion or $2 trillion, whatever that comes out to be over a 10 year period, that’s what I would be voting for,” Manchin told ABC News last month.

Sadly, Manchin either is lying or doesn’t know what he is talking about. That horrible thing called “debt” isn’t debt at all. It’s deposits in T-security accounts.

How can an entity having the unlimited ability to create money, also have a worrying “debt”? It mathematically and logically is impossible.

If you owned a legal, money-printing press, would you ever be concerned about your “debt”?

It’s all a giant charade to keep you from receiving federal benefits. Next, we’ll hear the lie that Social Security has run out of money, so you’ll receive less in benefits or pay more in FICA taxes. Then will come the lie that Medicare is broke, so it will have to reduce your benefits by increasing the deductible.

Traitor: A person who betrays a friend, country, principle, etc.
Treason: The crime of betraying one’s country

I suggest that no traitor in American history has done more damage to America than the current Republican Party, led by Donald Trump. These people care nothing about America and are concerned only with pleasing the rich, collecting bribes, and winning elections.

The GOP has abided gangs to attack the Capital, conspiracy theorists like Qanon, and endless liars like Donald Trump, all to gain power for themselves.

The GOP has denied global warming, the seriousness of COVID-19, and the need for vaccination and face masks. As a direct result, Americans have died and continue to die.

The GOP’s current efforts to restrict voting rights under the subterfuge of eliminating (non-existent) fraud, is yet another step in the GOP’s treason.

Think of how the dictatorships around the world began, and you will think of today’s Republicans.

Rodger Malcolm Mitchell
Monetary Sovereignty
Twitter: @rodgermitchell
Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

……………………………………………………………………..

THE SOLE PURPOSE OF GOVERNMENT IS TO IMPROVE AND PROTECT THE LIVES OF THE PEOPLE.

The most important problems in economics involve:

  1. Monetary Sovereignty describes money creation and destruction.
  2. Gap Psychology describes the common desire to distance oneself from those “below” in any socio-economic ranking, and to come nearer those “above.” The socio-economic distance is referred to as “The Gap.”

Wide Gaps negatively affect poverty, health and longevity, education, housing, law and crime, war, leadership, ownership, bigotry, supply and demand, taxation, GDP, international relations, scientific advancement, the environment, human motivation and well-being, and virtually every other issue in economics. Implementation of Monetary Sovereignty and The Ten Steps To Prosperity can grow the economy and narrow the Gaps:

Ten Steps To Prosperity:

  1. Eliminate FICA
  2. Federally funded Medicare — parts A, B & D, plus long-term care — for everyone
  3. Social Security for all
  4. Free education (including post-grad) for everyone
  5. Salary for attending school
  6. Eliminate federal taxes on business
  7. Increase the standard income tax deduction, annually. 
  8. Tax the very rich (the “.1%”) more, with higher progressive tax rates on all forms of income.
  9. Federal ownership of all banks
  10. Increase federal spending on the myriad initiatives that benefit America’s 99.9% 

The Ten Steps will grow the economy and narrow the income/wealth/power Gap between the rich and the rest.

MONETARY SOVEREIGNTY

List of Republican Representatives who tried to cancel millions of Americans’ votes

Associated Press
Commentary: GOP support for a frivolous lawsuit shows how Trump has corrupted the party
Michael McGough Los Angeles Times (TNS) Dec 11, 2020

Given his narcissism and predilection for lying, it was unseemly but not surprising when Trump, peddling fantastical theories about massive voter fraud, refused to accept defeat, despite a cascade of contrary court decisions.

Mean as a Snake': When President Trump Met the Real Mitch McConnell - POLITICO Magazine
Fear does strange things to a man

But he isn’t alone in ensuring that the presidency Biden will claim on Jan. 20 is a poisoned chalice.

Top congressional Republicans, including Senate Majority Leader Mitch McConnell of Kentucky and House Minority Leader Kevin McCarthy of California, have acquiesced in Trump’s disinformation campaign, hiding behind pious statements about counting every legal vote.

As Pennsylvania Attorney General Josh Shapiro noted in his devastating response, the Supreme Court “should not abide this seditious abuse of the judicial process, and should send a clear and unmistakable signal that such abuse must never be replicated.”

Here is a list of the Republican Representatives who, on behalf of Donald Trump, attempted a coup. They voted to commit treason. They tried to destroy our democracy by canceling the votes of millions of Americans, to make Donald Trump the dictator.

We fought the Revolutionary War to overthrow a dictator and to install a democracy, and today, after 240 years, the Republican party has become so corrupted by Trump, it is attempting to undo the sacrifices of previous generations.

Russia, China, North Korea et al, would like nothing better than for our democracy to fail. Fortunately, despite the efforts of America’s enemies, our democracy has survived this blatantly right-wing extremist effort.

Not only have dozens of Republican judges rejected all of Trump’s lawsuits, but the Republican-dominated Supreme Court refused even to consider this unconstitutional effort.

There is only one word that aptly describes these lawmakers, and that word is “traitor.”

Keep this list handy for the next election, coming in only two years. It will help you vote for democracy and against treason.

(We would be remiss if we didn’t add Senator Ted Cruz to the list of traitors, as Cruz hungrily begged to be the lead lawyer prosecuting the suit).

Mike Johnson, Fourth Congressional District, Louisiana
Gary Palmer, Sixth Congressional District, Alabama
Kevin McCarthy, Twenty-Third Congressional District, of California
Steve Scalise First Congressional District, Louisiana
Jim Jordan Fourth Congressional District Ohio
Ralph Abraham, Fifth Congressional District, Louisiana
Robert Aderholt, Fourth Congressional District, Alabama
Rick W. Allen, Twelfth Congressional District, Georgia
Jodey Arrington, Nineteenth Congressional District, Texas
Brian Babin Thirty-Sixth Congressional District Texas
James R. Baird, Fourth Congressional District, Indiana
Jim Banks Third Congressional District Indiana
Jack Bergman, First Congressional District, Michigan
Andy Biggs Fifth Congressional District Arizona
Gus Bilirakis Twelfth Congressional District Florida,
Dan Bishop Ninth Congressional District North Carolina
Mike Bost Twelfth Congressional District Illinois
Kevin Brady Eighth Congressional District Texas
Mo Brooks Fifth Congressional District Alabama
Ken Buck Fourth Congressional District Colorado
Ted Budd Thirteenth Congressional District North, Carolina
Tim Burchett, Second Congressional District, Tennessee
Michael C. Burgess, Twenty-Sixth Congressional District, of Texas
Bradley Byrne, First Congressional District, Alabama
Ken Calvert Forty-Second Congressional District California
Earl L. “Buddy” Carter, First Congressional District, Georgia
Ben Cline Sixth Congressional District Virginia
Michael Cloud, Twenty-Seventh Congressional, District Texas
Doug Collins Ninth Congressional District Georgia
Mike Conaway, Eleventh Congressional District, Texas
Rick Crawford, First Congressional District, Arkansas
Dan Crenshaw, Second Congressional District, Texas
Scott DesJarlais, Fourth Congressional District, Tennessee
Mario Diaz-Balart, Twenty-Fifth Congressional District, of Florida
Jeff Duncan Third Congressional District South Carolina
Neal P. Dunn, M.D., Second Congressional District, Florida
Tom Emmer Sixth Congressional District Minnesota
Ron Estes Fourth Congressional District Kansas
A. Drew Ferguson, IV, Third Congressional District, Georgia
Chuck Fleischmann, Third Congressional District, Tennessee
Bill Flores Seventeenth Congressional District Texas in
Jeff Fortenberry, First Congressional District, Nebraska
Virginia Foxx, Fifth Congressional District North, Carolina
Russ Fulcher First Congressional District Idaho
Matt Gaetz First Congressional District Florida
Greg Gianforte, At Large Congressional District, Montana
Bob Gibbs Seventh Congressional District Ohio
Louie Gohmert, First Congressional District Texas
Lance Gooden, Fifth Congressional District, Texas.
Sam Graves Sixth Congressional District Missouri
Mark Green Seventh Congressional District Tennessee
H. Morgan Griffith, Ninth Congressional District, Virginia
Michael Guest, Third Congressional District, Mississippi
Jim Hagedorn, First Congressional District, Minnesota
Andy Harris, M.D., First Congressional District, Maryland
Vicky Hartzler, Fourth Congressional District, Missouri
Kevin Hern First Congressional District Oklahoma
Jody Hice Tenth Congressional District Georgia
Clay Higgins Third Congressional District Louisiana
Trey Hollingsworth, Ninth Congressional District, Indiana
Richard Hudson, Eighth Congressional District, North Carolina
Bill Huizenga, Second Congressional District, Michigan
Bill Johnson Sixth Congressional District Ohio
John Joyce Thirteenth Congressional District, Pennsylvania
Fred Keller Twelfth Congressional District Pennsylvania
Mike Kelly Sixteenth Congressional District Pennsylvania
Trent Kelly First Congressional District Mississippi
Steve King Fourth Congressional District Iowa
David Kustoff, Eighth Congressional District, Tennessee
Darin LaHood, Eighteenth Congressional District, Illinois
Doug LaMalfa, First Congressional District, California
Doug Lamborn, Fifth Congressional District, Colorado
Robert E. Latta, Fifth Congressional District Ohio
Debbie Lesko, Eighth Congressional District, Arizona
Billy Long Seventh Congressional District Missouri in
Barry Loudermilk, Eleventh Congressional District, Georgia
Blaine Luetkemeyer, Third Congressional District, Missouri
Kenny Marchant, Twenty-Fourth Congressional, District Texas
Roger Marshall, M.D., First Congressional District, Kansas
Tom McClintock, Fourth Congressional District, California
Cathy McMorris, Rodgers Fifth Congressional District, of Washington
Dan Meuser Ninth Congressional District Pennsylvania
Carol D. Miller, Third Congressional District West, Virginia
John Moolenaar, Fourth Congressional District, Michigan
Alex X. Mooney, Second Congressional District West, Virginia
Markwayne Mullin, Second Congressional District, Oklahoma
Gregory Murphy, M.D., Third Congressional District North, Carolina
Dan Newhouse, Fourth Congressional District, Washington
Ralph Norman, Fifth Congressional District South, Carolina
Steven Palazzo, Fourth Congressional District, Mississippi
Greg Pence Sixth Congressional District, Indiana
Scott Perry Tenth Congressional District Pennsylvania
Bill Posey Eighth Congressional District, Florida
Guy Reschenthaler, Fourteenth Congressional District, Pennsylvania
Tom Rice, Seventh Congressional District South Carolina
Mike Rogers Third Congressional District, Alabama
John Rose Sixth Congressional District, Tennessee
David Rouzer, Seventh Congressional District, North Carolina
John Rutherford, Fourth Congressional District, Florida
Austin Scott Eighth Congressional District, Georgia
Mike Simpson, Second Congressional District, Idaho
Adrian Smith, Third Congressional District, Nebraska
Jason Smith Eighth Congressional District, Missouri
Ross Spano Fifteenth Congressional District, Florida
Pete Stauber Eighth Congressional District Minnesota in
Elise Stefanik, Twenty-First Congressional District, New York
W. Gregory Steube, Seventeenth Congressional District, New Jersey
Glenn “GT” Thompson, Fifteenth Congressional District, Pennsylvania
Tom Tiffany Seventh Congressional District, Wisconsin
William Timmons, Fourth Congressional District, South Carolina
Jeff Van Drew, Second Congressional District, South Carolina
Ann Wagner Second Congressional District Missouri
Tim Walberg Seventh Congressional District Michigan
Mark Walker, Sixth Congressional District North, Carolina
Jackie Walorski, Second Congressional District, Indiana
Michael Waltz, Sixth Congressional District, Florida
Randy Weber, Fourteenth Congressional District, Texas
Daniel Webster, Eleventh Congressional District, Florida
Brad Wenstrup, Second Congressional District, Ohio
Bruce Westerman, Fourth Congressional District, Arkansas
Roger Williams, Twenty-Fifth Congressional District, of Texas
Joe Wilson Second Congressional District South Carolina
Rob Wittman, First Congressional District, Virginia
Ron Wright Sixth Congressional District, Texas
Ted S. Yoho Third Congressional District, Florida
Lee Zeldin First Congressional District, New York

And soon will come the riots by enemies of America (posing as patriots) who haven’t the slightest notion about what a democracy is. They don’t believe the voters. They don’t believe the judges. They don’t believe the media.

They believe only Donald Trump, he of the 22,000+ lies, and his sycophants.

There is a penalty for their ignorance. Sadly, America’s democracy will have to get through this, somehow.

Rodger Malcolm Mitchell

Monetary Sovereignty Twitter: @rodgermitchell Search #monetarysovereignty Facebook: Rodger Malcolm Mitchell …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..

THE SOLE PURPOSE OF GOVERNMENT IS TO IMPROVE AND PROTECT THE LIVES OF THE PEOPLE.

The most important problems in economics involve:

  1. Monetary Sovereignty describes money creation and destruction.
  2. Gap Psychology describes the common desire to distance oneself from those “below” in any socio-economic ranking, and to come nearer those “above.” The socio-economic distance is referred to as “The Gap.”

Wide Gaps negatively affect poverty, health and longevity, education, housing, law and crime, war, leadership, ownership, bigotry, supply and demand, taxation, GDP, international relations, scientific advancement, the environment, human motivation and well-being, and virtually every other issue in economics. Implementation of Monetary Sovereignty and The Ten Steps To Prosperity can grow the economy and narrow the Gaps:

Ten Steps To Prosperity:

  1. Eliminate FICA
  2. Federally funded Medicare — parts A, B & D, plus long-term care — for everyone
  3. Social Security for all or a reverse income tax
  4. Free education (including post-grad) for everyone
  5. Salary for attending school
  6. Eliminate federal taxes on business
  7. Increase the standard income tax deduction, annually. 
  8. Tax the very rich (the “.1%”) more, with higher progressive tax rates on all forms of income.
  9. Federal ownership of all banks
  10. Increase federal spending on the myriad initiatives that benefit America’s 99.9% 

The Ten Steps will grow the economy and narrow the income/wealth/power Gap between the rich and the rest.

MONETARY SOVEREIGNTY

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