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View Diary: Hell No! A Fail On Every Level (39 comments)

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  •  Why yes. (11+ / 0-)

    As many have mentioned there is the Progressive Caucus' 'People's Budget' which actually reduces the deficit far more and faster than either the Ryan or Obama proposals.

    But failing that, doing nothing at all is preferable to dismantling the Safety Net, shafting our Veterans, and raising taxes on the middle class.

    Let the military eat their 50% of deficit reduction (restoring which, btw, is what the middle class tax hike goes to- not shoring up Social Security).

    •  Not enough (13+ / 0-)

      If the US would return to the same percentage on spending for infrastructure that we did during the New Deal, it would create 23 million jobs at $32,000 per year. That would employ all of the officially unemployed as well as the "discouraged" workers in our economy.

      In turn, those new wage earners would be paying into Social Security in an amount great enough to overcome the now-projected deficit that will occur in SS in 75 years.

      So, new infrastructure, roads, bridges, national parks, power plants and so on; everyone who wants a job has one, and Social Security is solvent with full benefits forever (or for 75 years at least, which forever for someone 61 like me.)

      Sound good? It would be.

      A return to New Deal infrastructure spending: 6% of GDP-900 billion, would create about 23 million jobs (22.5).

      26 million under employed or unemployed, U6 is at 21.5 million. Fudge it: 23 million.

      The CBO scoring of the 75 yr SS shortfall is .6% of GDP, which would equal 23 million jobs at 31.5k producing 89.3 billion in FICA. 15 trillion dollar economy, .6% is 90 billion.

      ...... 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 Fri Apr 12, 2013 at 11:58:45 AM PDT

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      •  And it would make this a nicer place to live too. (5+ / 0-)

        I could go with that.

      •  I'd go a little further, Roger Fox (5+ / 0-)

        yes, the New Deal -- plus.

        Plus the GI Bill -- from before when I was in the Air Force.

        Plus the end of the war on terror and the dismantlement of the Department of Homeland Security. Yes, that's jobs lost; but those people could be put to work guarding piles of building materials at the same wage, and we could get real airline security, the way the Israelis do it, for a lot less money. Of course, genuine security is cheaper than security theatre.

        Plus, let's fund NASA back to a full penny out of every tax dollar, and let the advancement trickle-down continue, instead of shutting it off.

        Plus, let's say that the cap on SS contributions goes up to $150K.

        Plus, let's enact single payer health care -- let's do more than that. Let's pay back student loans for every new RN or MD or DO who's willing to work on a reservation or in a VA hospital or on a military base in the hospital there for one year, at $32K per year, of each "forgiven" year of medical education. Then let's do the same thing for civil engineers and foresters and agricultural / conservation specialists who'll go to work for extension services, the NPS and the State parks for that same $32K a year. Then let's do the same thing for engineers or math majors or science majors who are willing to be teachers for five years in public, non-charter, schools (without getting extra pay for coaching football).

        Plus, let's fully-staff ENFORCEMENT for our environmental, workplace safety, and consumer-protection agencies. Yes: even pay for lawyers to pursue civil actions against toxic dumping, against mine-safety violations, against oil spills, and against robo-signing; and enforce the fines. Exxon still owes for the Valdez incident; BP is still appealing the Deepwater Horizon decisions. Outfits that demonstrably cannot meet the regulations shouldn't get permits, or have their licenses renewed; if they can't do business cleanly and fairly ... shut 'em down.

        Then, let's cap it off with the genuine revenue-increase step: one fifth of one half of one penny on every share of stock bought and sold on a US exchange, or by a US seller or a US buyer on any exchange in the world, to be paid by both the seller and the buyer, moneys to go straight toward those infrastructure jobs and student loan forgiveness programs.

        Hold the stock you bought five years, get half that tax money back; hold it another five, get the other half. What that does, of course, is just barely touch the rampant speculation that's led to volatility in our vital living-necessity prices; but it makes the "movers and shakers" and the "masters of the universe" pay their fare, if not their fair share.

        Oh, and as long as I'm dreaming ... a national referendum on Citizens United.

        LBJ, Lady Bird, Van Cliburn, Ike, Ann Richards, Barbara Jordan, Molly Ivins, Sully Sullenburger, Drew Brees: Texas is NO Bush League!

        by BlackSheep1 on Fri Apr 12, 2013 at 02:03:23 PM PDT

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