Debt Ceiling Solutions?
Hear ye, hear ye!
Kucinich: “Here is how to get out of debt: End the wars—save a trillion in 10 years. Repeal tax cuts to the wealthy—save a trillion. Medicare for *all*—ending the $400 billion yearly subsidies for health insurance industry.”
Simple thinking, simple math. Easier said than done…still…simple can be brilliant:
Washington D.C. (July 28, 2011) — Congressman Dennis Kucinich (D-OH) today went to the House floor to outline the simple steps to avoid default and to take America out of debt.
See the video here. The full text of Congressman Kucinich’s remarks follow:
“Here is what we should do to avoid default: increase the debt ceiling with no strings attached.
“Here is how to get out of debt- End the war — save One Trillion over ten years. Repeal tax cuts to the wealthy- Save another trillion.
“Medicare for All: end the four hundred billion yearly subsidies for health insurance industry.
“Renegotiate trade agreements with workers rights, human rights, and environmental quality principles- save millions of jobs and billions of dollars.
“The Fed creates money out of nothing and gives it to banks. Why should our country go into debt, borrowing from banks when we have the constitutional power to create money and invest in jobs?
“We can have another New Deal where we put millions to work rebuilding our bridges and transportation system.
“We can have a Works Green Administration where NASA is the incubator of jobs designing and engineering wind and solar micro technologies for private sector manufacturing, distribution, installation and maintenance in millions of homes, saving money, energy and protecting the environment.