Skip to main content

View Diary: Money-saving Suggestions for Congress to Consider (96 comments)

Comment Preferences

  •  I agree - we actually need more spending (5+ / 0-)

    in the short term to stimulate the economy and should deal with the deficit longer term.  But the reality is that politicians are going to address the deficit whether we like it or not, so I'm trying to get some suggestions out there that are not as harmful as the ones being proposed.

    I wish more people like you were in Congress!

    •  Yes, but it helps to also be able to undercut (2+ / 0-)
      Recommended by:
      Lujane, JerryNA

      deficit hysteria.

      And go directly to the major sources of the inequality of expectations of We The People vs. Banks.

      The banks get free reserves from the Fed Reserve all the time, in it's role as lender of last resort.  If the fed didn't do this, then our financial markets couldn't work in the way they do.

      When it comes to We The People, we're all of a sudden out of the numerical system out of which free liquidity points are given to the banks as a matter of policy.

      It seems only the Public Deficit matters, even though We The People create free liquidity points out of thin air, and so can never go broke.

      Private debt?  That's no problem.  We can always afford more.

    •  Lujane, thanks for reccing my previous comment, (0+ / 0-)

      but all suggestions for saving Public Money should start with why, when we have a fiat currency, it's good for the Public Sector to save for Public Spending, but not for Private Sector Bank spending.

      Because neo-liberalism relies on convincing the little guy we're going broke, while spending it's unlimited liquidity points for the big guy.

      It's difficult to save up infinity, and doesn't actually happen.

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site