Friday, January 8, 2016

The Best Economic Plan For The 99 Percent

The Democratic presidential campaign – unlike the Republican circus – has actually produced a debate in which each candidate’s economic agenda has gotten better and more populist. But as you can see at CandidateScorecard.net, there are also big differences.

Both Hillary Clinton and Bernie Sanders agree that America’s long period of stagnant wages and growing inequality has been due to chronic slow growth and high unemployment. InClinton’s words, “getting closer to full employment is crucial to raising wages.” Both are committed to some amount of increased public spending on infrastructure and investments in “green industries.” But the differences between the two candidates on public investment are a matter of scale.

Clinton wants $275 billion more in infrastructure investment over the next five years.

Sanders would increase the public investments in jobs-creating infrastructure by $1 trillion over the same five-year period – creating one million new jobs, while helping to retool the U.S. economy to reduce carbon emissions.

Limited Taxes, Limited Ambitions