Reich’s right, again: Budget deficits are NOT the problem

November 16, 2012

Robert Reich‘s so good he can dispense wisdom in four 140-character Tweets:

His three following Tweets:

1. The real issue is ratio of deficit to total economy. If economy grows, deficit shrinks in proportion. That’s why austerity dangerous.

2. Public investments in education, infrastructure, and basic R&D should be made regardless, if public return is greater than their cost.

3. Biggest driver of future deficits rising healthcare costs (Medicare & Medcaid) but they’re slowing, so deficit projections exaggerated.

Three simple points.

Robert Reich speaks at the World Affairs Council

Robert Reich speaks at the World Affairs Council (Photo credit: tharpo)

To get more people to understand those points, Reich and his friends want to put out a film — but they need cash to finish it off, and they ask for your contribution

Alas, I can’t embed the proprietary video format here on WordPress. So you’ll have to go to the KickStarter site to see the trailer and money plea. Please do.

Print it out on a 3 x 5 card for your boss, if you’re the secretary to a Member of Congress, eh?

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