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View Diary: America should get off the stupid pills and invest heavily in renovated, innovated infrastructure (197 comments)

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  •  Infrastructure also includes the parks (12+ / 0-)

    eliminate the backlog in the parks and forests and you can expand the system. in the depression we had the ccc, public works, works progress and the lot. bring those back. an investment of 20 billion a year in each of those areas would provide tremendous benefits. of course that's not going to happen with this congress.

    •  Something like 5 billion trees planted (4+ / 0-)
      Recommended by:
      JesseCW, Chi, tari, TexasTwister

      in the Recovery of the 1930's Depression. Numerous schools, Post Office and town hall buildings, even golf courses.

      20 billion? No, 5% of GDP would be 750 billion, spent on infrastructure would create about 18.7 million jobs ( 2.5 multiplier). The additional FICA would see Social Security solvent thru 2090.

      .................expect us......................... 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 Nov 01, 2013 at 02:54:34 PM PDT

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      •  well said Roger (1+ / 0-)
        Recommended by:
        TexasTwister

        19 million jobs would get us to darn near full employment. not only would SS bet set for years but so would medicare and medicaid in time for at least part of the boomers retirement. and unlike the original new deal programs, the revived ones would be permanent
         so there would always be a public works, or a ccc, or a works progress to fill in the gaps of what private idustry wont do.

        •  Don't let them fool you. There is no such thing (0+ / 0-)

          as running out of money to pay SS.  All we have to do is choose to pay it.  Can we ever run out of defense spending?  Of course not.  FICA taxes are a terrible idea, they give good people like yourself the false impression that SS can run out of money because all the T-bonds in the trust fund are gone.  This is an insidious myth.  Even FDR admitted FICA was only for political reasons and had nothing to do with funding SS.

          MMT = Reality

          "The Earth is my country and Science my religion" Christiaan Huygens. Please join our Kos group "Money and Public Purpose". The gold standard ended on August 15, 1971, its time we start acting like it.

          by Auburn Parks on Fri Nov 01, 2013 at 06:57:47 PM PDT

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          •   ss by definition cannot run out of money (0+ / 0-)

            since the government cannot. the states, yeah they can run out, due to balanced budget requirements. they cannot deficit spend and this are reliant on the feds for funds. part of the general welfare thing, you know.

            •  right, you got it Thats why I for one am in favor (0+ / 0-)

              of alleviating the stress of state and local Govt pensions and instead just increasing SS to be a national retirement program for every american.  I believe every American should have a financially secure retirement before they die (maybe 2X whatever the poverty level is, maybe more?) after contributing for decades to the wealth and standard of living of this nation.  I view that as the least we can do for our seniors.

              MMT = Reality

              "The Earth is my country and Science my religion" Christiaan Huygens. Please join our Kos group "Money and Public Purpose". The gold standard ended on August 15, 1971, its time we start acting like it.

              by Auburn Parks on Fri Nov 01, 2013 at 09:04:19 PM PDT

              [ Parent ]

      •  Yes. Now it's time to put solar panels on all (1+ / 0-)
        Recommended by:
        TexasTwister

        those Post Offices.

        Instead, fuckers are busy trying to shut the whole system down.

        "But the traitors will pretend / that it's gettin' near the end / when it's beginning" P. Ochs

        by JesseCW on Fri Nov 01, 2013 at 06:33:57 PM PDT

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