https://www.dumptheguardian.com/politics/2023/jun/13/labour-rules-out-universal-childcare-for-young-children-in-fiscal-credibility-drive

"Fiscal Credibility" the new Labour word for "austerity". Even the Tories have admitted that austerity wasn't necessary, but no one told Rachel Reeves.

Has she never heard of Modern Monetary Theory?

Does she still think that taxes pay for public spending?

Is she economically illiterate or just dishonest?
#MMT
#Labour
#RachelReeves
#FiscalResponsibility
#UniversalChildCare
@MMT
@RichardJMurphy

@KimSJ I agree, but the question here is Labour's rationale for scrapping the #UniversalChildcare plan.

Today edition of the *Prospect* continues the series with an essay by #ElizabethWarren, describing how her proposal for #UniversalChildCare was defeated by the incoherent, deeply political assumptions of the #CongressionalBudgetOffice's model, blocking an important and popular policy simply because #ComputerSaysNo:

https://prospect.org/economy/2023-04-04-policymakers-fight-losing-battle-models/

3/

Preview of txt in linked post:

"Universal healthcare and childcare are climate policies that allow the economy to shift faster and more nimbly...A lot of people need to shift sectors, learn new things, go back to school, etc for the scale and pace of change we need...Healthcare that's not tied to a job and reliable affordable childcare are change accelerators"

https://spore.social/@bethsawin/109553201949848848

#USPol #USPolitics #ClimateBreakdown #ClimateChange #M4All #PublicPolicy #UniversalChildcare

Preview of txt in linked post:

"Universal healthcare and childcare are climate policies that allow the economy to shift faster and more nimbly...A lot of people need to shift sectors, learn new things, go back to school, etc for the scale and pace of change we need...Healthcare that's not tied to a job and reliable affordable childcare are change accelerators"

https://spore.social/@bethsawin/109553201949848848

#USPol #USPolitics #ClimateBreakdown #ClimateChange #M4All #PublicPolicy #UniversalChildcare

Preview of txt in linked post:

"Universal healthcare and childcare are climate policies that allow the economy to shift faster and more nimbly...A lot of people need to shift sectors, learn new things, go back to school, etc for the scale and pace of change we need...Healthcare that's not tied to a job and reliable affordable childcare are change accelerators"

https://spore.social/@bethsawin/109553201949848848

#USPol #USPolitics #ClimateBreakdown #ClimateChange #M4All #PublicPolicy #UniversalChildcare

How is it legal that private equity and child care firms are allowed to give #JoeManchin money after he voted against #UniversalChildCare? Sounds like a crime to me. #uspol #corruption