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.
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Thursday, July 2, 2009
Key Senate Democrats trim cost of health care bill
In an economy where 13 million people are out of work and where industry is running at less than 70% of capacity, Congress is looking to spend less. There is a collapse in demand and only the Federal Government can restore this. Spending on something as vital as health care would at least provide demand in the health sector. They don't udnerstand this. They are paralyzed by "cost" and see nothing in terms of investment or stimulating demand.
It is also amazing that this is being led by Senate Democrats. The Dems idiotically cling to conservative Republican "fiscal responsibility" playbook. That is what is killing us!!
THESE FAKE DEMOCRATS NEED TO STOP ACTING LIKE REPUBLICAN'TS ...
ReplyDeleteIF AN ORGANISM LOSES BLOOD, THEN BLOOD NEEDS TO BE TRANSFUSED BACK INTO THE ORGANISM.
IF AN ECONOMY IS VALUED AND OPERATES AT A CERTAIN LEVEL EVEN IF AT OVERSPECULATED QUANTITY AND THIS ECONOMY LOSES OR EVAPORATES 50% MARKET CAP, THEN THIS ECONONMY NEEDS THE INFUSION VIA STIMULUS.
MULTIPLE ORGAN FAILURE IS NOT AN OPTION !
REPUBLICAN'TS WOULD LET IT ALL GO DOWN VIA "CREATIVE DESTRUCTION"
THE INFUSION IS NOT SINGLE LEDGER, IT IS DOUBLE LEDGER ...