Archiv: PAYGO (Pay As You GO) mechanism
I will be voting NO on the Rules package with #PayGo. It is terrible economics. The austerians were wrong about the Great Recession and Great Depression. At some point, politicians need to learn from mistakes and read economic history. @paulkrugman @StephanieKelton @RBReich
Ocasio-Cortez slams ‘bad economics’ of budget deficit rule pushed by Democratic leaders
Khanna and Ocasio-Cortez say they’ll vote against the rules package containing paygo on Thursday. A total of 18 Democrats would need to vote against the package for it to be defeated. A defeat would be an embarrassment for Rep. Nancy Pelosi, who is expected to be elected House speaker on the same day.
Ocasio-Cortez, Khanna will vote against House Democratic rules over ‚PAYGO‘ spending restraints
Progressives who support programs like „Medicare-for-all“ and other policies likely to increase government expenditures worry that the rule would create a self-imposed obstacle with limited political upside — and come across as a sign that Democrats are committed to the austerity economics championed, at least rhetorically, by conservative groups.
Establishment Democrats Move To KILL Progressive Agenda
Establishment Democrats do NOT care about what the people want. Cenk Uygur, John Iadarola, and Jayar Jackson, hosts of The Young Turks, break it down.