Warren B. Mosler

You Can Spend Your Way Out of a Recession

we need an immediate full payroll tax holiday to stop govt taking away a full 15% of our paychecks every week. This will restore incomes to levels where mortgage delinquincies can fall and consumption and investment restored.

We also need an immediate revenue sharing distribution to the states of 150 billion on a per capita basis to see them through.

These measures will begin immediately to restore aggregate demand.