Kurt Bills on Budget & Economy
Printing money causes the most regressive form of taxation.the inflation tax. Stealing the purchasing power of working class people by printing money keeps interest rates low and encourages people to go further into debt rather than save. This is one of the most morally corrupt policies I have witnessed in my study and teaching of economics. The solution is to audit the Fed and, at minimum, change its dual mandate from promoting full employment AND providing price stability to simply promoting price stability. I will work for a stronger approach to allow working class people to be paid in wages that maintain or grow their purchasing power.
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Retiring as of Jan. 2013:
Senate elections Nov. 2012:
CA:Feinstein(D) vs.Emken(R) vs.Lightfoot(L)
DE:Carper(D) vs.Wade(R) vs.Pires(I)
HI:Hirono(D) vs.Lingle(R) vs.
MD:Cardin(D) vs.Bongino(R) vs.Sobhani(I)
ME:King(I) vs.Dill(D) vs.Summers(R)
MI:Stabenow(D) vs.Hoekstra(R) vs.Boman(L)
NJ:Menendez(D) vs.Kyrillos(R) vs.Diakos(I)
NY:Gillibrand(D) vs.Long(R) vs.Noren(I) vs.Clark(G)
TX:Cruz(R) vs.Sadler(D) vs.Roland(L) vs.
Senate Votes (analysis)