Semiannual Monetary Policy Report to the Congress By Janet Yellen Looking forward, prospects are favorable for further improvement in the U.S. labor market and the economy more broadly. Low oil prices Still seems to leave out the fact that a dollar saved by the buyer of oil is a dollar lost by the seller. And […]
Category Archives: Congress
Why Won’t The Fed Tell Congress the Truth About Our Debt? – CNBC
Why Won’t The Fed Tell Congress the Truth About Our Debt? By Warren Mosler
Proposal update, including the JG
My proposals remain: 1. A full FICA suspension: The suspension of FICA paid by employees restores spending which supports output and employment. The suspension of FICA paid by business helps keep costs down which in a competitive environment lowers prices for consumers. 2. $150 billion one time distribution by the federal govt to the states […]
Michael Bloomberg: Best Economic Stimulus is Now Fiscal Responsibility
So much for his legacy… Mayor Bloomberg Outlines Specific Actions For Super Committee By Michael Bloomberg November 8 (Moment of Truth Project) — Mayor: Best Economic Stimulus is Now Fiscal Responsibility – Super Committee Must Break Partisan Deadlock and Take Bold Action. The following are Mayor Michael R. Bloomberg’s remarks as prepared for delivery today […]
News recap comments
The news flow from last week was so voluminous it was nearly impossible to process. For good measure I want to start today’s commentary with a simple recap of what happened. On the negative side – · Greece called a referendum and threw bailout plans up in the air taking Greek 2yrs from 70% to […]
MMT proposals for the 99%
1. A full FICA suspension to end that highly regressive, punishing tax and restore sales, output, and jobs. 2. $150 billion in federal revenue sharing for the state goverments on a per capita basis to sustain essential services. 3. An $8/hr federally funded transition job for anyone willing and able to work to facilitate the […]
In case you thought President Clinton knew how the monetary system worked
Falls under ‘even a fish wouldn’t get into trouble if he kept his mouth shut’ ??? Bill Clinton: How to fix the economy October 7 (CNN) — How to fix the economy and create jobs First, Congress and President Obama can adopt strategies designed to unleash the massive amount of capital that is accumulated but […]
HuffPost Blog Post – Deficit Reduction Super Committee Fighting the Battle of New Orleans
Deficit Reduction Super Committee Fighting the Battle of New Orleans
Deficit Reduction Super Committee Fighting the Battle of New Orleans
I realize it’s not a perfect analogy, but, due to poor communications, the battle of New Orleans was fought well after the War of 1812 had ended. Likewise, the Congressional super committee is fighting the battle for deficit reduction long after the vaporization of the primary reason driving that move towards deficit. The main difference […]
huffington post article just published
Link: Congressman Ryan: Apologize Now About the US Being the Next Greece Feel free to comment on the site, thanks!