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 […]

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 […]