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View Diary: Democrats, Stop Caving In (243 comments)

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  •  Borrowed money won't get much cheaper than now (3+ / 0-)
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    NM Ray, Hirodog, melo

    The US Treasury could go into the bond market and issue bonds (i.e., borrow money) to (from) investors at the low low rate of 1-3% for longer term issues (5-30 year notes). The proceeds could be used to finance infrastructure improvement projects (think solar, grid, rail) and provide for good middle class tax-paying jobs. The long-term payoff of such investments is inestimable, and the short-term relief from unemployment facing so many able US citizens would not only provide payroll tax revenue, but would help to stabilize our communities, many of which are being ripped to shreds by foreclosures and urban decay wrought by cash-starved local governments.

    Why is this so difficult for some to understand? I'll quote-drop from Upton Sinclair: “It is difficult to get a man to understand something when his salary depends on his not understanding it.” In this case, those who do not understand are being paid by the corporate powers to craft legislation that maintains and enhances the fortunes of the 1%.

    "It may be true that the law cannot make a man love me, but it can keep him from lynching me, and I think that's pretty important." Martin Luther King Jr.

    by Arabiflora on Sat Nov 19, 2011 at 01:09:11 AM PST

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