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The most prominent architect of the GND is New York Rep. Alexandria Ocasio-Cortez. Under her proposal, cows might suffer, but humans will thrive thanks to all the wonderful new jobs and free health care her utopian scheme would provide.
AOC rejects the idea that traditional market economics or fiscal bookkeeping should be any hindrance to her scheme.
The article goes on to state the following:
“I think the first thing that we need to do is kind of break the mistaken idea that taxes pay for 100 percent of government expenditure,” she recently told NPR’s Steve Inskeep. “It’s just not how government expenditure works. . . . Government projects are often financed by a combination of taxes, deficit spending and other kinds of investments — you know, bonds and so on.”
When Inskeep pointed out to her that deficit spending has to be paid back with taxes, AOC reversed herself with an impressive lack of embarrassment, saying that’s OK because this isn’t spending, it’s investing. Borrowing tens of trillions for her “investments” will pay for itself, “because we’re creating jobs.”
The Amazon deal would have created some 25,000 jobs with an average annual salary of $150,000, but AOC was against it because the agreement amounted to “creeping overreach of one of the world’s biggest corporations.”
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