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View Diary: Create 20 million jobs and watch the FICA roll in (11 comments)

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  •  But you left out (4+ / 0-)

    supply-side economics.

    D.C. loves supply-side economics. It's been a thirty year love affair and, even though it almost died a few years back, D.C. resuscitated it, sort of, and now they walk around together like it's a conga line in Weekend At Bernie's.

    One of the major differences between Democrats and Republicans is that the former have the moral imagination to see the moral dimension of financial affairs, while the latter do not. Some pragmatists are exceptions.

    by Words In Action on Tue Mar 12, 2013 at 03:24:53 PM PDT

    •  Come on everybody do the CONGA ! ! ! (5+ / 0-)

      U R right, my plan would require spending 1 trillion on infrastructure, a whole 5% of GDP.

      Surely someone would label it as Keynesian tripe.

      ...... Social Security blogathon March 25th thru March 29th. #HandsOffmySS FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

      by Roger Fox on Tue Mar 12, 2013 at 03:27:54 PM PDT

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    •  Irony of Supply Side (4+ / 0-)

      If it actually had the predicted results of growth in productivity and GDP and so in fact "lifted all boats" as promised by Ronnie and George and acolytes Social Security would have self funded (i.e beat the numbers of Low Cost).

      Plug the numbers of c.2000 'Washington Consensus' and Greenspan warning about surpluses wiping out the Long Bond into the Trustees then model and we would have been debating how much and how soon to be cutting FICA.

      "Luckily"(?) Bush 2001 tax cuts, military build up, and deregulation while pumping the Housing Boom had the effect of wrecking the Washington Consensus and so restoring 'Crisis' to Social Security. Just in time to 'save' it via privatization/personal accounts in 2005.

      In 1999 Dean Baker and Mark Weisbrot wrote a book called "Social Security: the Phony Crisis" pointing out that simple continuation of the current accepted economic projections would fix SS along the way. The Bushies took care of THAT.

      socialsecuritydefender.blogspot.com - SocSec.Defender at gmail.com - founder DK Social Security Defenders group - (hmm is there a theme emerging here?)

      by Bruce Webb on Tue Mar 12, 2013 at 03:48:49 PM PDT

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      •  But that was because of (1+ / 0-)
        Recommended by:
        Roger Fox

        too many regulations. Free Market can't work right with too many regulations. /snark

        One of the major differences between Democrats and Republicans is that the former have the moral imagination to see the moral dimension of financial affairs, while the latter do not. Some pragmatists are exceptions.

        by Words In Action on Tue Mar 12, 2013 at 06:21:38 PM PDT

        [ Parent ]

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