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Search Results for: letsgetitdone
An Open Letter to Don Beyer, VA – 8th Candidate for Congress
By Joe Firestone My Congressman, Jim Moran, is retiring this year and his seat is up for grabs in the VA – 8th Congressional District. This is a solidly blue district made even more solid by the Republican gerrymander following … Continue reading
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Letter to the President: If Social Security Solvency’s really a Problem Then Why Not Do This?
By Joe Firestone Dear Mr. President, Over the past 3 years you’ve returned again and again to the idea that Social Security has a long-term solvency problem, and therefore needs “reform,” even though, as of the end of 2012, the … Continue reading
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Origin and Early History of Platinum Coin Seigniorage In the Blogosphere
By Joe Firestone [Revised 1/6/2013] This post records the history of platinum coin seigniorage in the blogosphere through the debt ceiling agreement on August 2, 2011. Its purpose is to correct errors in the record about the history of this … Continue reading
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Neoliberalism Kills: Part One
By Joe Firestone During the run-up to passage of the Affordable Care Act (ACA), I wrote a number of posts here, here, and here assessing the ACA very negatively, and pointing out the shortcomings of the various versions of this bill, … Continue reading
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Posted in Joe Firestone
Tagged budget deficits, debt burden, MMT, modern money theory, paul krugman, trade deficits
Deficit Hawks (Obama, Romney, Bowles, Boehner) Plan to Shrink YOUR Economy – Part 1
By Michael Hoexter Most of the US political class has been infected with the “mind virus” of austerity that suggests to them that either virtue or necessity consists of cutting government spending and government programs. Under the influence of this … Continue reading
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“We” Don’t Owe $16 Trillion; and You Don’t Owe $50,000
By Joe Firestone Just saw John Sununu, one of Republicans favorite Bushie junk yard attack dogs all up in arms about the debt subject to the limit (the so-called national debt) reaching $16 Trillion dollars, and going on to tell … Continue reading
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One Simple Measure That Would Save Social Security and More
By Joe Firestone (Cross posted at Correntewire.com) The Fiscal Times is a digital rag funded by Peter G. Peterson to propagandize the ideology of neoliberal austerity. Today, a Post by Josh Boak highlighted the proposal of “fixing” Social Security by … Continue reading
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The Fiscal Summit Counter-Narrative: Part Three, Are There Spending Constraints On Governments Sovereign in Their Currencies?
By Joe Firestone An issue at the core of all the fuss about fiscal sustainability is Government solvency. The deficit hawks and doves believe that Governments sovereign in their own currency can run out of money if they keep deficit … Continue reading
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The Fiscal Summit Counter-Narrative: Part Two, Defining Fiscal Sustainability
By Joe Firestone One of the most irritating things about the deficit hawk/austerity literature, is that it uses the ideas of “fiscal sustainability” and “fiscal responsibility” in an ideological way, without ever really analyzing or explaining these labels. It’s almost … Continue reading
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Playing Monopolis Monopoly: An inquiry into why we are making ourselves so miserable
By J. D. Alt Why does it seem like there isn’t enough money to pay for the things we really need? The headlines are filled with stories about our nation’s “debt problem” and dire warnings about our impending “bankruptcy.” As … Continue reading
