[rad-green] Sanders' Key Adviser Details Economic Plan To Counter Detractors

*Note the source of this article. Seems the MSM in North America can't be
relied on to carry *
*stories like this.*



*https://www.telesurenglish.net/news/Sanders-Key-Adviser-Details-Economic-Plan-To-Counter-Detractors-20200227-0015.html
<https://www.telesurenglish.net/news/Sanders-Key-Adviser-Details-Economic-Plan-To-Counter-Detractors-20200227-0015.html>teleSUR
          27 February 2020*

*Sanders' Key Adviser Details Economic Plan To Counter Detractors*



   - [image: U.S. Sen. Bernie Sanders speaks during a rally at a campaign
   stop to win the Democratic presidential nomination in Denver.]
   U.S. Sen. Bernie Sanders speaks during a rally at a campaign stop to win
   the Democratic presidential nomination in Denver. | Photo: AP/File photo


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Sanders, a U.S. senator from Vermont and democratic socialist, has promised
a sweeping transformation of the U.S. economy if he wrests the keys to the
White House from President Donald Trump in the November 2020 election.

A Bernie Sanders presidency could begin modestly with a roughly US$300
billion federal jobs guarantee before pushing for trillions of dollars in
new spending on health care, the environment and infrastructure, says a key
adviser to the U.S. Democratic front-runner.

RELATED:
Sanders Could Beat Trump in the Race for U.S. Presidency
<https://www.telesurenglish.net/news/sanders-could-beat-trump-in-the-race-for-us-presidency--20200226-0007.html>

A jobs guarantee, which would see the federal government ensure employment
for anyone who wanted to work, would be a logical first step for the
would-be president, said Stephanie Kelton, who has been Sanders’ senior
economic adviser since his unsuccessful 2016 presidential campaign.

“I like very much the idea of getting a safeguard in place right away
because, like most people, I worry about what happens when the next
downturn comes,” Kelton, an economics professor at Stony Brook University
in New York state, said to journalists this week on the sidelines of a
National Association for Business Economics meeting.

Kelton estimates the jobs guarantee would increase the federal deficit by
about 1.5 percent of gross domestic product while ensuring the elusive goal
of full employment. The U.S. deficit currently stands at 4.5 percent of GDP.

It would, Kelton said, form an ultimate economic backstop that ensured full
employment even in a recession and expanded federal spending just as
private sector incomes ebbed.

With that first proposal in place, Sanders could turn his attention to
cancelling the US$1.7 trillion in federal student debt, Kelton said, a step
which would boost economic growth.

Trillions would then be allocated to pay for other measures such as the
Medicare For All proposal to provide health insurance for all Americans
based on the existing government-run program for those 65 and older, a
climate-friendly Green New Deal or an infrastructure building program.

Those programs would need to be rolled out more deliberately and designed
by teams of experts across federal agencies to match what the economy can
“absorb” in any given year without causing a worrying jump in inflation,
she said.

The Sanders campaign had no comment when asked about Kelton’s possible
future role. The campaign’s website promises “a stable job that pays a
living wage” to everyone in America who can work, highlighting health care,
infrastructure, and childhood education jobs.

In the wake of Sanders’ recent victories in the New Hampshire and Nevada
nominating contests and strong showing in the Iowa caucuses, some Democrats
have campaigned on the fears
<https://www.telesurenglish.net/news/mike-bloomberg-campaign-to-media-attack-bernie-sanders-20200224-0025.html>of
the prospect of a sharp left turn, claiming it would even
scare independents and moderate Republicans.

Sanders, who has vowed to make the wealthy and corporations assume a
greater financial burden, has said that taxes will go up to pay for his
proposals, and denounced attempts to decredibilize his proposals while
military spending for example never received the same kind of public
scrutiny.

In a 60 Minutes interview, Bernie Sanders unveils a new plan to provide
free childcare and prekindergarten for all kids up to age four.
https://t.co/fQEeMy0auH pic.twitter.com/SpHvfAfTOG <https://t.co/SpHvfAfTOG>
— 60 Minutes (@60Minutes) February 24, 2020
<https://twitter.com/60Minutes/status/1231735507236917249?ref_src=twsrc%5Etfw>

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