Dear President Obama
Please have you economics team address three issues, and respond in detail:
1. The failure of austerity worldwide and the wisdom of cutting the US defect.
This is the context of:
2. Modern Monetary Theory’s requirement for a positive balance in the private sector, which is in opposition to cutting the deficit.
3. L Randell Wray’s approach to Jobs with a Federally backed Job Guarantee with the Federal Government becoming the Employer of Last Resort.
This would be a wonderful legacy for you, a complete change in Washington.
If you don’t ask you don’t get.