Is this what you voted for?

The Federal Government cannot run short of dollars. Your taxes do not fund federal spending. The federal government pays all its bills with newly created dollars.

Because the federal government is Monetarily Sovereign, it is not like you and me. It does not need to “save money.”

Who says so?

Former Fed Chairman Alan Greenspan: “A government cannot become insolvent with respect to obligations in its own currency. There is nothing to prevent the federal government from creating as much money as it wants and paying it to somebody. The United States can pay any debt it has because we can always print the money to do that.”

Former Fed Chairman Ben Bernanke: “The U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost. It’s not tax money… We simply use the computer to mark up the size of the account.”

Fed Chairman Jerome Powell: “As a central bank, we have the ability to create money digitally.

Statement from the St. Louis Fed: “As the sole manufacturer of dollars, whose debt is denominated in dollars, the U.S. government can never become insolvent, i.e., unable to pay its bills. In this sense, the government is not dependent on credit markets to remain operational.”

So if the government isn’t running out of money, why is Musk/Trump (MT) firing so many federal employees?

US President Donald Trump fired at least 40% of workers at the Federal Housing Administration, which provides mortgage insurance on loans for people who otherwise wouldn’t qualify for one.

One of the largest mortgage insurers in the world, the FHA helps American homebuyers secure a loan if they can’t afford a down payment or have below-average credit scores.

It was the latest in a series of mass firings of federal employees by Trump and comes just days after the Department of Housing and Urban Development, the FHA’s parent organization, announced it would terminate half of its workers at Trump’s direction.

Over the weekend, amid Presidents’ Day protests against the administration across the country, the Department of Health and Human Services began jettisoning employees in some of its biggest agencies—the Centers for Medicare and Medicaid Services, the Food and Drug Administration and the Centers for Disease Control and Prevention.

Those fired Saturday included employees who evaluate the safety of medical devices and conduct oversight of Affordable Care Act exchanges. (Congress meanwhile is considering major reductions to Medicaid in order to pay for the renewal of 2017 tax cuts).

And on Monday, the National Science Foundation fired 11% of its staff while, despite recent plane crashes that have killed scores of Americans, hundreds of employees were being dismissed by the Federal Aviation Administration. —Jordan Parker Erb

Why gut these agencies? Because making the rich even richer requires making everyone else poorer.

The Game of Wealth: How the Rich Stay Richer

Wealth is relative. If you have $100,000, you’re rich when all others have $20,000—but poor when all others have $1 million.

For the ultra-wealthy, getting richer isn’t just about making more money. It’s also about ensuring the rest of us have less—widening the income, wealth, and power gap.

How do they do it?
Tax cuts for the rich
Cutting healthcare and social services
Making basic necessities like housing and vaccines unaffordable

This isn’t about “saving money.” The government creates money at will.

In short, the very rich constantly try to widen the income/wealth/power Gap between themselves and the rest.

So, ask yourself: Is making the very rich even richer—while the rest of us struggle—what you voted for?

Rodger Malcolm Mitchell

Monetary Sovereignty

Twitter: @rodgermitchell

Search #monetarysovereignty

Facebook: Rodger Malcolm Mitchell;

MUCK RACK: https://muckrack.com/rodger-malcolm-mitchell;

https://www.academia.edu/

……………………………………………………………………..

A Government’s Sole Purpose is to Improve and Protect The People’s Lives.

MONETARY SOVEREIGNTY