Friend,
We are facing momentous challenges. And we need a massive infusion of federal dollars to address the ongoing global pandemic, near-Depression level job losses, and chronic inequalities that have been built into our economy for generations.
To help our frontline workers, and to help working families across the country who are struggling to make ends meet, we need the federal government to play a leading role. That means we must push back against conservatives and budget hawks who are fear-mongering about the national debt and advancing arguments that we can't afford to make the investments needed to help our country recover from the pandemic. The fact is, we can't afford NOT to make these investments.
EPI Economist Josh Bivens lays out the real truths about our national debt in this 2-minute video. Bivens makes clear that: the question of "How much debt?" is almost always the wrong question. The question, he said, is: "Is it being used to buy something that is smart or dumb?"
To demand critical investments in working families and the state and local services we all depend on, vote for EPI today! This month, you can support the research behind our movement for progressive economic change by merely casting a vote."Taking on debt two years ago to give corporations $1.5 trillion in tax cuts was dumb. Taking on debt to provide unemployment insurance and genuine relief to people in the face of this crisis and to make public investments that will help both in the immediate health response, but also to make us less vulnerable to future shocks: that is just smart," Bivens said.
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