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Kucinich Building Support for the National Emergency Employment Defense Act; "Time to Get Real about Creating Jobs"

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Need Concrete Plans to Rebuild Infrastructure; Focus of Efforts should be to Get Back to Work

Washington D.C. (August 17, 2011) -- Congressman Dennis Kucinich (D-OH) today wrote to colleagues to enlist support for his dramatic, new, concrete plan to get Americans working again, rebuild our crumbling infrastructure and to take control of our monetary policy from private banks to promote the public interest.  "It is time to get real about creating jobs.  Not just talk about it.  But come up with real, concrete proposals which can put America back to work," he said.  Kucinich is planning to introduce the National Emergency Employment Defense Act later this year. 

Dear Colleague:

Our nation is in crisis.  The economy is still on the edge of a precipice.  The old ways aren't working and won't work.  We can't continue down the road that takes us deeper into debt and despair.  There is a way out.

That is why I am introducing The National Emergency Employment Defense (NEED) Act of 2011.  It will end the debt.  It will rebuild America.  It will make the American Dream a reality for everyone; for today's generation and for the generations to come.  It gives our youth unrivaled career opportunities.

The NEED Act assures a sustainable fiscal path.  It can reduce deficits to nothing, without tax hikes, spending cuts, or inflation.  And it will pay off the national debt as it comes due.  My legislation can end the recession, unemployment and the foreclosure crisis. 

The Constitution vests the power over money with Congress.  Congress gives this power to the banks.  In the last 10 years, banks have added an average of $500 billion to the money supply per year.  This is a huge amount of power that Congress has given away. 

The banks have shown that they're incapable of using this power responsibly, or in the widest economic interest.  Instead they've wasted most of it by pumping it into a series of unproductive bubbles.  The loss to the nation is truly enormous, especially considering the opportunity cost of the real wealth that could be created with first use of that money.

My bill reasserts the Constitutional right and responsibility of Congress to furnish the nation with a money supply fit for purpose.  No more wild swings from economic boom to bust.  No more erosion of purchasing power.  We can at last have a stable currency. To do this is surprisingly simple.  My legislation does three things:

-   Incorporate the Fed into the Treasury and make monetary policy truly accountable to the Congress and the American people.

-   End the banks special privilege by no longer allowing them to create our money supply when they make loans, through a simple and non-disruptive accounting change.

-   Invest money into renewing our crumbling infrastructure, making it fit for the 21st Century; creating real wealth and millions of good jobs at the same time.

These essential changes will ensure our economy is the most efficient and prosperous in the world.  It will raise demand for American-made goods at home and abroad and reduce our trade deficit.

I look forward to your support in restoring America's economy to full health. 

Sincerely,

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Dennis Kucinich is former US Congressman and two-time presidential candidate from Ohio who served 16 years in the U.S. House of Representatives. 

Visit his website at  KucinichAction

Follow him on Twitter at @Dennis_Kucinich

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(This comment is by submitter Scott Baker, not Den... by Dennis Kucinich on Thursday, Aug 18, 2011 at 4:35:06 AM
When the day arrives that we have 'representatives... by Ned Lud on Thursday, Aug 18, 2011 at 5:55:59 AM
Paul Ryan (R-WI1) believes in free speech for only... by John Sanchez Jr. on Thursday, Aug 18, 2011 at 8:11:34 AM
***Paul Ryan (R-WI1) believes in free speech for o... by Greg Campbell on Thursday, Aug 18, 2011 at 4:49:58 PM
***Kucinich just happens to be one of the lesser p... by Greg Campbell on Thursday, Aug 18, 2011 at 1:52:15 PM
You wanna see things happen? Give it to a man who'... by Greg Campbell on Thursday, Aug 18, 2011 at 1:57:04 PM
According to a recent interview entitled, " Doug C... by Paul from Potomac on Friday, Aug 19, 2011 at 11:51:07 AM
you intend to introduce this marvel. As far as I c... by David Chester on Thursday, Aug 18, 2011 at 11:45:22 AM
It's closest to #2, but I disagree with your concl... by Scott Baker on Thursday, Aug 18, 2011 at 2:53:03 PM
#2 alone, is the dominant force that is crippling ... by Greg Campbell on Thursday, Aug 18, 2011 at 4:41:01 PM
Here is a very real start to the solution to all o... by Thomas Brown on Thursday, Aug 18, 2011 at 12:09:44 PM
There had been a secret police state agenda to go ... by Steven G. Erickson on Thursday, Aug 18, 2011 at 12:53:09 PM
What say experts in finances? Abolishing the FE... by Pat on Thursday, Aug 18, 2011 at 2:44:50 PM
***Ron Paul and his followers would most likely ba... by Greg Campbell on Thursday, Aug 18, 2011 at 3:58:47 PM
I applaud Dennis Kucinich for his courage his effo... by Barbara Kuhn on Friday, Aug 19, 2011 at 4:17:58 AM
I think this is ingenious and it's about time that... by Odyseus_97 on Friday, Aug 19, 2011 at 10:47:05 AM
to propose something that can be labeled as "Socia... by Kevin Tully on Sunday, Aug 21, 2011 at 7:40:20 AM
When you have support from the far right and the f... by Mari Eliza on Monday, Aug 22, 2011 at 2:49:27 AM
I fully support Rep. Kucinich's initiative but the... by Luis Magno on Monday, Aug 22, 2011 at 6:46:56 AM
I heard that job growth in the United States has n... by cleo bushwood on Saturday, Aug 27, 2011 at 1:49:22 AM