Showing posts with label Democrat. Show all posts
Showing posts with label Democrat. Show all posts

Wednesday, March 19, 2014

Cory Hoffman, Progressive/MMT candidate in Ohio's 9th Congressional District is definitely reading this blog and Mosler's

Taken almost word for word from Mosler's economic proposals. He is a true MMT candidate.

Here's an excerpt of some of the stuff on his website.

"It comes as a shock to most people when they first hear this claim but taxes do not fund federal government spending and the Federal Government does not really "borrow" U.S. Dollars from U.S. Citizens, China or anywhere else. I will say it again. Federal Taxes do not fund Federal Government spending and the Federal Government does not really "borrow" U.S. Dollars from U.S. Citizens, China or anywhere else. The Federal Government is fundamentally different than state governments, households and private businesses. They are not analogous in any way, shape or form." -Cory Hoffman
"The fact is that the U.S. Dollars that we all use to pay federal taxes must necessarily come from The Federal Government spending them into existence first. The crucial fact is that the Federal Government was empowered by the Founding Fathers to be the sole, singular, monopoly provider of our money. Nobody else in our country can provide money. When we individual private citizens try to create U.S. Dollars we go to federal prison for counterfeiting. We are all users of the money that the Federal Government provides. The Federal Government is the issuer of U.S. Dollars and we are users​ of U.S. dollars." -Cory Hoffman

His proposals include elimination of the payroll tax, a job guarantee, an increase in Social Security payments and $300 billion aid to states distributed on a per capita basis. Verbatim Mosler and repeated many, many, times on this blog.

Cory, if you're reading this give us a shout!

Note**Actually, it looks like this guy was blocked by the election board because they said it wouldn't approve his petitions. He withdrew on March 3 it looks like. Same thing happened to me when I tried to run in District 4 NYC Council election back in 2001. I was blocked by my own party, which at the time was the Republican Party. That was my pre-MMT days so it didn't matter. ;)