Why should I occupy the NEED Act?
“As our money system is a key pillar in maintaining general economic welfare and as the Federal Reserve System and its private banking partners has consistently failed to promote or preserve the general welfare, it is essential that Congress, in the name of protecting the economic lives of the American people and the long-term security of our Nation, reassume the powers and responsibilities granted to it by the constitution. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,” Sec 2 (24).
What is the NEED Act?
“A bill to create a full employment economy as a matter of national economic defense; to provide for public investment in capital infrastructure; to provide for reducing the cost of public investment; to retire public debt; to stabilize the Social Security retirement system; to restore the authority of Congress to create and regulate money, modernize and provide stability for the monetary system of the United States; and for other public purposes.” p. 1.
“Reclaiming the power of the Federal Government to originate money, and to spend or lend money into circulation as needed, eliminates the need to treat money as a Federal liability or to pay interest charges on the Nation’s money supply to financial institutions; it also removes the undue influence of private financial institutions over public policy” Sec 2 (20).
So what will The NEED Act pay for?
Jobs to Build a Green New Infrastructure for the 99%
The NEED Act will utilize direct funding by the United States Government to create 7–10 million new jobs “to modernize, improve, and upgrade the physical economy of the United States in such areas as transportation, agriculture, water usage and availability, sewage systems, medical care, education, and other infrastructure systems, to promote the general welfare, and to stabilize the Social Security retirement system” Sec 501.
“to sufficiently provide for universal pre-kindergarten, fully funded State programs for elementary and secondary education and universal college at every 2- and 4-year public institution of higher learning and create a learning environment so that every child has an opportunity to reach their full educational potential” Sec 505.
Guaranteed Social Security
“The Secretary in consultation with the Board of 25 Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds shall submit to the Monetary Authority any requests to cover impending deficits in Social Security Trust Fund accounts” Sec 506
The NEED Act “…shall make recommendations to the Congress for payment of a Citizens Dividend as a tax-free grant to all United States citizens residing in the United States in order to provide liquidity to the banking system at the commencement of this Act, before governmental infrastructure expenditures have had a chance to work into circulation” Sec 507. Already have student loan debt? Student Debt Forgiveness to be funded as well!
“Imagine if the bailout went to all our citizens. Say 3 trillion to the citizens instead of to the banks. With 300 million citizens that $10,000 to every man, woman and child. $40,000 to a family of four. The depression/recession would be over! Banks could have competed for these deposits” www.monetary.org
(Debt)Free Health Care!
“The Congress shall be aware that funding through this Act is available for a universal health care plan as may be enacted by Congress” Sec 508
The Congress shall be aware that funding through this Act is available for Congressional enactments for resolving aspects of the mortgage crisis Sec 509