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Warren Mosler recommended this saying it had good quotes from Stephanie Kelton. Some people say that Warren Mosler did not develop MMT for left wing politics, but he seems to like what Stephanie Kelton has to say about public spending. Pelosi’s planned legislative package for the beginning of a potential House takeover would include establishing ethics and lobbying reforms, lowering the costs of health insurance premiums and prescription drugs, and spending trillion for infrastructure investment. The latter two would cost money, and under pay-go it would all have to be offset. That’s not necessarily a problem — liberals have plenty of ideas for how to raise revenue. But it puts them in a box, having to propose tax increases that Republicans gleefully broadcast. Meanwhile, Republicans,
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Warren Mosler recommended this saying it had good quotes from Stephanie Kelton. Some people say that Warren Mosler did not develop MMT for left wing politics, but he seems to like what Stephanie Kelton has to say about public spending.Warren Mosler recommended this saying it had good quotes from Stephanie Kelton. Some people say that Warren Mosler did not develop MMT for left wing politics, but he seems to like what Stephanie Kelton has to say about public spending. Pelosi’s planned legislative package for the beginning of a potential House takeover would include establishing ethics and lobbying reforms, lowering the costs of health insurance premiums and prescription drugs, and spending trillion for infrastructure investment. The latter two would cost money, and under pay-go it would all have to be offset. That’s not necessarily a problem — liberals have plenty of ideas for how to raise revenue. But it puts them in a box, having to propose tax increases that Republicans gleefully broadcast. Meanwhile, Republicans,
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Mike Norman considers the following as important:
This could be interesting, too:
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Pelosi’s planned legislative package for the beginning of a potential House takeover would include establishing ethics and lobbying reforms, lowering the costs of health insurance premiums and prescription drugs, and spending $1 trillion for infrastructure investment. The latter two would cost money, and under pay-go it would all have to be offset.
That’s not necessarily a problem — liberals have plenty of ideas for how to raise revenue. But it puts them in a box, having to propose tax increases that Republicans gleefully broadcast. Meanwhile, Republicans, unconcerned with deficits, get to play Santa Claus, without having to match tax cuts with anything unappealing.
In a statement, Kelton said that “pay-go is a self-imposed, economically illiterate approach to budgeting.” Republicans, she said, know this, which is why “they have unabashedly used their power to expand deficits and, hence, deliver windfall gains for big corporations and the already well-to-do.”
She continued, “Instead of vowing budget chastity, Democrats should be articulating an agenda that excites voters so that they can unleash the full power of the public purse on their behalf.”
The Intercept