An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Sunday, March 16, 2014
Mayor DeBlasio goes gutless and heralds deal that will ask nothing of the rich for his universal pre-k
WTF is state money? There is no such thing as state money. The state is not the Federal government. The state has no money. State money is literally our money: it's the money the state gets through taxation or the money it holds on to when it chooses not to recycle it back to us in the form of spending.
This was a sneaky and clever little plan and DeBlasio fell for it. He apparently doesn't see that funding universal pre-k with state money means once again, of course, that this plan will be paid for by the middle class and poor because it will ultimately come from budget money that was or would have been allocated to programs for the middle class and the poor.
I have to admit I have gone back and forth on DeBlasio. I supported him, then I thought he quickly sold out, but recently I thought he was getting better. Now I'm back to thinking he's a weak, poorly advised, gutless sellout.
Tuesday, September 24, 2013
NYC mayoral candidate Bill DeBlasio: the final test as to whether or not true progressives really exist
Bill DeBlasio is the front runner (by far) in the NYC mayoral election. He is known as a staunch progressive, however, that is what was said about Barak Obama and we all know how that turned out.
For me, this is the final litmus test as to whether or not true progressive candidates leaders really exist at all. Sure, they exist in campaigns, but once in office it becomes, back to the status quo and screw everyone, with the exception of the rich and powerful.
I am hoping DeBlasio (who is a lock to win) finally causes this not to be the case, however, the fact that he has been endorsed by teh Clintons (Bill and Hilary) and Obama himself, is an ominous sign.