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Working Class Solidarity

@workersolidarity

💥SOVIET STATE-OWNED MEDIA💥 A Marxist Leninist Blog. Anti-Imprialist bias included. News and Communist Propaganda 🇵🇸🇨🇳🇰🇵🇨🇺🇻🇳🇱🇦🇮🇷 Also, our Telegram Channel: t.me/WorkerSolidarityNews
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reblogged

I’m so tired of hearing about the deficit so I’m just going to put this out there now:

From Conservatives to Centrists to Liberals all you hear about is the Federal Deficit. The Right blames it on Medicare, Medicaid and Social Security. Liberals blame it on Trump’s tax cut and Centrists blame both.

THE FEDERAL DEFICIT DOESN’T MEAN SHIT!!! GET THAT LIBERALS??? THE FEDERAL DEFICIT IS JUST AN EXCUSE TO IMPOSE AUSTERITY ON THE POOREST MOST VULNERABLE PEOPLE IN AMERICA.

What we ACTUALLY NEED is a mass mobilization against Climate Change that simultaneously raises revenue, transitions us off of Fossil Fuels and invests MASSIVE amounts of money on renewable energy preduction, free public education from preschool through college, Socialized Medicine (NOT Single Payer but TRUE Socialized Medicine like Cuba which has some of the best medical care IN THE WORLD despite being one of the poorest nations in the world), we need a massive mobilization to rebuild the entire US infrastructure from the water and sewage system in Flint, Michigan to defenses against Climate Change for cities like New Orleans, Miami and New York City using the largest mass mobilization in US history using a Federal Jobs Guarantee putting people to work all across the country from Portland, Oregon to the rural Mississippi Delta. We can pay for this through a 100% top tax rate (NOT A RADICAL THING, WAS FIRST PROPOSED IN THE 1940’S AND ALMOST PASSED IN THE 50’S UNDER REPUBLICAN PRESIDENT EISENHOWER) effectively capping income in the US, combined with, you guessed it, Deficit Spending. At the same time reforming the FED to prioritize jobs over inflation and tying the minimum wage to inflation (almost done in the early 1970’s by Democrats).

You also use this opportunity to forgive ALL PRIVATELY HELD DEBT. From college debt, to credit debt, mortgages, car loans, business loans, ALL OF IT. Which as of today would cost LESS THAN THE BANK BAILOUTS DID IN 2009. Think about that for a minute. We spent more on bank bailouts than it would’ve cost to forgive ALL privately held debt in the US.

So what would happen? Well inflation would skyrocket, but with a Federal Jobs Guarantee and a Minimum Wage tied to inflation, the public sector would rapidly over take the private sector slowly creating a State Socialist economy. BUT, what Liberals don’t seem to get, the economy would grow extremely rapidly, effectively shrinking our Debt to GDP ratio by massive growth in the economy way outstripping the growth of the debt and deficit.

THAT’S how you responsibly deal with the deficit and debt. Sorry Liberals, you’ve been playing right into the hands of the Koch Brothers and the far-right by worrying about the deficit. As long as the economy grows faster than the debt, the Federal debt stops mattering. Especially since the US Dollar is the world reserve currency and we borrow in our own currency.

Just stating the obvious

Posted on my wrong blog. Oh well.

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