What Would You Have the President Do?
http://truth-out.org/opinion/item/18100-what-would-you-have-the-president-do##snip##
"Of course, that persistent rationalization offered by the worlds Obamabots is my cue. What I want him to do falls into two major categories. First, there are necessary first moves he can probably get done which will facilitate passing all the other policies I propose. Second, there are the policies that will restore prosperity to poor and middle class over time."
##snip##
Specifics (and only some):
*Get rid of the filibuster
*Use High Value Coin Seigniorage (HVPCS) to change the political environment and remove any possible rationale for Federal Government austerity
*Full payroll tax holiday
*Guarantee annual entitlement spending without regard to 'trust fund' balances
*State revenue sharing
*Pass Job Guarantee (JG) program
*Fix Health Insurance Program
Deep13
(39,154 posts)djean111
(14,255 posts)I would like to see a huge infrastructure program.
Single payer. You can't fix for-profit health insurance.
Iwillnevergiveup
(9,298 posts)Full payroll tax holiday
The full payroll tax holiday for both employers and employees would give a couple, each earning $50,000 in wages, about $650.00 per month in increased consumption power. It would last until full employment in the private sector is reached, when the tax would be fully or partly re-imposed, provided that demand leakages to domestic savings and the trade deficit were small enough to warrant such a re-imposition.
This measure would be an enormous immediate augmentation to consumption power, would be felt immediately, and would have a fiscal multiplier of at least 1.3 for every Federal Dollar expended. It would be implemented through the Government crediting SS trust fund accounts with the amount of the forgiven FICA taxes, and would directly add about $650 B of GDP to the private sector, provided it took a year to reach full employment. If it took less time than that, then, of course, the addition to the private sector would be less than that amount.
djean111
(14,255 posts)And having the government augment Social Security puts it directly on the chopping block at budget time.
Can't get behind that one, and if I ever see it seriously proposed, I will know Social Security is in trouble.
I like your other items.