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| Source:Ana Kasparian- left-wing political economist Robert Reich, talking about the American economy. |
"Currently, the president is asking for Republicans to help him in finding more spending cuts and revenues. But actually, he should be focussed on jobs and growth. Robert Reich (Professor of Public Policy at UC Berkeley, and former Labor Secretary) explains why we shouldn't fixate on the deficit, but instead on reigniting the economy -- getting jobs back, improving wages, and restoring growth. How does deficit reduction and laying more taxes on the middle class move us in the opposite direction? Robert Reich explains."
From Ana Kasparian
What Robert Reich seems to be arguing is that if America (meaning the national government) just spent a lot more taxpayers money and we nationalized the health care system (at least the health insurance system) that we could get the American economy moving again. And that of course deficits don't seem matter and yet keeps arguing that we need to tax the rich more. But if deficits and debt aren't big issues in America, why does Uncle Sam need more of our revenue? If deficits and debt don't matter in the American economy, wouldn't Uncle Sam just have unlimited borrowing authority to pay for all of its government spending? Of course not, but that's what the Far-Left in America always argues.
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