An Open Invitation to Beltway Progressives

By Stephanie Kelton


Today’s post by Randy Wray was the second in a two-part series criticizing Washington progressives for failing to take an aggressive position against the deficit hysteria that is gridlocking our nation. While Washington fusses and fights over debt limits, supposedly unsustainable debts and deficit, and fears of fiscal crisis, the prospects of a double-dip are ever more dangerous. More than 14 million Americans have lost their jobs. It is time for progressives to recognize that our sovereign government has the fiscal capacity to deal with the crisis and that deficit hyperventilators like Pete Peterson can be defeated with MMT. We are offering to publish here at NEP responses by beltway progressives to the “Pinch-Hitting for Peterson” series. We look forward to their responses and to what we hope will be a lively debate.