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Responsible Fiscal Cliff Resolution

By       Message Stephen Lendman     Permalink
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Sustainable inflation-free prosperity could follow. Readily available credit makes it possible. All boats could be lifted equitably. It happened in America before and could again. Political will alone prevents it.

Imagine the difference under public banks. They're not beholden to Wall Street or shareholders. They don't have to earn profits. They don't pay huge salaries and bonuses. 

They're mandated only to serve communities, businesses of all sizes, farmers, and private individuals responsibly. They're very much up to the task. They succeed marvelously.

Federal, state and local debt could be substantially reduced or eliminated. So could personal and payroll taxes. America's manufacturing base could be rebuilt. 

Social programs could be funded inflation-free. Infrastructure rebuilding could be prioritized. It could be done on a scale never before imagined.

Environmental cleanup could happen. Alternative, sustainable, clean, safe, affordable energy sources could be developed.

Millions of good-paying jobs could be created. Employment would exist for everyone willing and able to work. People with money spend it. Doing so enhances economic growth.

Home ownership would be available to millions. Foreclosures would end. Mortgages would be sustainably cheap. Booms and busts would end. So would destructive currency devaluations and economic warfare.

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I was born in 1934, am a retired, progressive small businessman concerned about all the major national and world issues, committed to speak out and write about them.

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