You want to know how to save the economy?
Temporarily lower Social Security eligibility to age 55 and raise benefits by 15%.
Sounds crazy, right?
But only because the One Percent and the Media have moved the Overton Window so far to the right that we can no longer see out of the room and into reality.
The reality is that we need to move older workers out of the workforce so that young people can get the job experience and training that they need.
The reality is that we need to raise benefits to match the shadow cost of living increases over the last thirty years that government has excluded from Social Security by conveniently leaving out skyrocketing costs in housing, food and fuel from its calculations.
The best thing about this?
It's also a tremendous economic stimulus that will flush billions of dollars into the consumer economy, while providing security for old people and opportunities to work for the young.
Sounds crazy, right?
Not really.
What's really crazy is the government practice of requiring that all monetary expansion be brokered through a few privileged banks. We need to get money into the hands of humans, but our government is refusing to spend adequately into the economy at large, preferring instead to present gifts amounting in the trillions of dollars to its corrupt bank partners in the form of so-called QE.
The banks won't lend and they don't spend.
Instead, they are hoarding the cash, or using it to enrich a few insiders.
Reuters published an article recently where the author, a well-known economic journalist, suggests that central banks practice QEP -- Quantative Easing for the People -- instead of just giving money to banks:
http://blogs.reuters.com/...
Crazy?
No -- the crazy thing is that we ever considered doing anything else.
The money that the Fed is giving to the banks is our money.
Lowering the Social Security Eligibility age to 55 and raising benefits is a great way to start.
It just makes sense.