Remember how aggressively our leaders have talked about tackling unemployment and the housing crisis?
Remember all the strong action to make good on their promises?
Remember how all our leaders criticized each other for taking money from Wall Street and other powerful corporate interests?
Remember all the potent steps they took to rid our democracy of corporate money?
You’ve probably heard of Herman Cain’s 9-9-9-tax plan, the scheme he says will get the economy going. Do you think it will work?
Here’s our proposal to restore the real economy. Unlike the solutions proposed by our leaders, these proposals focus on the problems faced every day by most people, not bankers.
We’ll be offering it at OccupyLA in the next couple of days to complement their work.
- Support 28A, constitutional amendment overturning U.S. Supreme Court “Citizens United” ruling to stop the flood of toxic corporate cash poisoning our democracy
- Prosecute Wall Street crime, not Wall Street protestors
- Give citizens same right to borrow taxpayer money from the Fed at the same low interest rates that Wall Street got in the bailout
- Cap bank fees and interest rates
- Offer real foreclosure relief: Require banks to provide principal reduction for underwater mortgages, including allowing judges to reduce home mortgage principal in bankruptcy court to encourage mortgage modifications
- Repeal unnecessary tax loopholes and other corporate subsidies (overseas tax breaks, local & state tax bribes for moving jobs from one community to another, make corporations pay taxes) and transfer savings to taxpayers and small businesses in the form of tax cuts.
- Repeal corporate-backed NAFTA-style trade deals, which export U.S. jobs overseas, reduce wages of American workers to that of laborers in foreign countries and weaken environmental regulation.
- Restore traditional separations between federally guaranteed consumer banking from other, riskier, financial business.
- Reform student debt, stop predatory practices.
For more information, check out http://www.wheresourmoney.org
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Support 28A http://www.wheresourmoney.org/campaign-2011/