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From a discussion on Facebook at the MMT Deficit Owl USA Committee
My questions for Marshall Adame:
1. Can we count on you to vote against "Austerity"?
2. Can we count on you to call for the CBO to start scoring legislation for inflation and job growth, not deficits?
3. Can we count on you to support a FICA tax cut? And for Congress to put the "Full Faith and Credit" of the U.S. Government behind Social Security?
4. Can we count on you to support a 'transitional' Job Guarantee for every American ready, able and willing to work?
5. Can we count on you to call for the testimony of 'headline' MMT economists and other heterodox economists?
"1. Government Austerity Programs are destroying European economies.. I would never agree to any "Austerity" program. Austerity reduces demand... Demand creates jobs... America will not grow by reducing demand... We must increase Demand.
"2. When the CBO scores relative to the deficit, it misses the entire point relative to growth projected and it's consequential inflation effect. Long Term Program Projections have no value to the CBO. That is a big flaw. Today, the CBO uses rigid and fixed numbers as its tools. We can maintain certain spending and entitlements as well as defense, but there is no dynamic reason to reduce long term investment in the country during a time when every other industrialized nation is heavily investing in their own next national generation for infrastructure as well as jobs. Depending on the CBO projections will drive us to a shrinking economy and into crippling austerity. I recommend you read some writing by Zachary Karabell. I will call for changes in the CBO calculations which determine their scoring.
"3. The Congress MUST put the full faith and credit of the US Government behind the Social Security Program.
"4. I believe in some form of a 'transitional' Job Guarantee for every American ready, able and willing to work. Yes. (A bold concept most in Congress will not publicly acknowledge as viable).
"5. MMT and pseudo MMT'ers have helped me a great deal in understanding economics and concepts which effect our economy. I think every Congressman and Congresswoman owe it to their constituents to listen and consider workable and viable economic solutions for America and further. Like with any issue, they may not accept, or embrace a concept, or idea, but they are bound by their oath to have all of the information in order to make sound and wise decisions for America's future. I feel MMT economists have a lot to offer and should be heard in Congressional testimony."