Friday, August 5, 2011

More Conservative lies...we need liberal economics

I proudly advocate against left wing nonsense, which is why I am a Democrat against gay marriage and gay rights beyond human rights. (Google it)

I proudly advocate in favor of free market solutions whenever possible because given the choice, more often than not it is better that more people acting in their own interest is better than a small group of people planning for the masses.

But when Conservatives say that Government doesn't and/or can't create jobs that is clearly false. It is a lie.

Right now, we need government to create jobs.

The marketplace is failing to allocate resources in a productive way.
Even with a deficit of over $1.5 trillion, the federal government needs to do more.

We should fully fund education in all 50 states right now. That means offer lines of credit to all states to hire the teachers they need, offer all the normal after school activities, and do the necessary repairs on the facilities.

In addition, we need to upgrade our airports, fix our bridges and roads, and invest in a new electricity and sewer systems.

This is the time to do it.

Furthermore, the government should guarantee loans for people wanting to start a business. We should make sure they have "skin in the game" either real money or pledged future pay backs. But if a person has an idea for a business that will hire more than 10 people, the government should guarantee the loan. This keeps the private sector in charge but with a government backstop.

There should also be a payroll tax cut and extension of unemployment benefits.

All of this would be expensive. It should be for 2 years starting in September 2011 - September 2013.

Put a cost on it of about 500 billion dollars.
Couple that with a "grand baragain" to cut entitlements, and raise taxes in the future.

President Obama's plan can be:

$500 billion economic "jumpstart"
6 trillion in entitlement reform ( I added 2 more trillion to balance the stimulus)
elimination of the bush tax cuts for $250,000 and above.

This would ensure fiscal discipline for the long-term with cuts to medicare, medicaid, and social security. It would force people off the sidelines.

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