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The Green New Deal: How We Will Pay For It Isn't 'A Thing' - And Inflation Isn't Either
The rest of the article makes a pretty convincing case that the GND is very feasible.
The author of this piece, Robert Hockett, is a respected professor of law who has previously worked for the IMF and the NY Fed. You may have seen him making the rounds on the news shows lately.
So if anybody would like to argue against the Green New Deal, here is your chance. (Please take the time to read the article first.)
Good luck, and leave your strawmen at home.
Representative Ocasio-Cortez already has given the best answer possible to such queries, most of which seem to be raised in bad faith. Why is it, she retorts, that these questions arise only in connection with useful ideas, not wasteful ideas? Where were the ‘pay-fors’ for Bush’s $5 trillion wars and tax cuts, or for last year’s $2 trillion tax giveaway to billionaires? Why wasn’t financing those massive throwaways as scary as financing the rescue of our planet and middle class now seems to be to these naysayers?
The short answer to ‘how we will pay for’ the Green New Deal is easy. We’ll pay for it just as we pay for all else: Congress will authorize necessary spending, and Treasury will spend. This is how we do it – always has been, always will be.
The money that’s spent, for its part, is never ‘raised’ first. To the contrary, federal spending is what brings that money into existence.
The rest of the article makes a pretty convincing case that the GND is very feasible.
The author of this piece, Robert Hockett, is a respected professor of law who has previously worked for the IMF and the NY Fed. You may have seen him making the rounds on the news shows lately.
So if anybody would like to argue against the Green New Deal, here is your chance. (Please take the time to read the article first.)
Good luck, and leave your strawmen at home.