I completely agree with Kucinich on ending the wars, having public works projects, and green jobs incubators. But why the insistence that the debt ceiling should be increased with no strings attached? This akin to homeowners six years ago who thought prices would go up forever hence they could keep borrowing on their equity. It was a fool’s dream. So is thinking US debt can endlessly be extended without consequences.
Full text of Congressman Kucinich’s remarks:
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.
We are the United States of America, the greatest country on earth. We envision wealth. We don’t default. We create wealth. We don’t default. We build wealth. We don’t default.