On April 28, 2010, the Peter G. Peterson Foundation is sponsoring a “Fiscal Summit” in Washington, DC. The purpose of the Conference, which is scheduled for the day after the first meeting of the President's recently constituted National Commission on Fiscal Responsibility and Reform (By the way, where the Conference is happening is a mystery not cleared up on the PGPF web site), and which includes many notables, is:
”. . . to further a national dialogue on solving America's fiscal challenges through several moderated discussions with leaders on the issue from across the political spectrum. . . .
Robert Kuttner's comment on the Peterson-sponsored Conference is:
”This is billed as a "national dialogue on solving America's fiscal challenges," but spare me. This is a propaganda event. For the most part, the featured speakers follow the Peterson line. John Podesta, the closest thing to a liberal playing a headliner role, accepts that there is a serious deficit problem, but would entertain a value-added tax as part of the remedy. But the speakers' list is clearly stacked and there is no one to Podesta's left.”
And for good measure, the left-right paradigm is not even very applicable here at all, because everyone listed In the PGPF's announcement, whether “liberal” or conservative, shares the neo-liberal assumption that Government spending in the United States is operationally constrained by the ability to tax or to borrow money from non-Government sources. Given this false assumption, all the participants in this so-called “national dialogue” will share the assumption that fiscal sustainability has something to do with Government deficits, debts, and the ratio of debt held by the public to GDP....
What is badly needed is an immediate answer to the President's Commission and the Peterson Conference. Our answer is entitled the Fiscal Sustainability Teach-In Counter-conference. We plan to hold it in Washington DC, on April 28, 2010, from 8:00 AM to 4 PM, at The Marvin Center of The George Washington University, Third Floor Amphitheater. and to make it a free event open to the public...
You will learn why the thinking and austerity posture of the deficit hawks is THE BIGGEST SINGLE THREAT TO THE AMERICAN ECONOMY SINCE THE POLICIES OF HERBERT HOOVER ...
Issues about governments sovereign in their own currencies, as well as many others will be addressed, and answered at the Fiscal Sustainability Teach-In Counter-Conference. It will be the answer to the Administration’s latest attempt to orchestrate a political process that will result in transferring more wealth from the middle class and the poor to the very well-off and the corporations....
On Sunday night or Monday, perhaps before, a front page post at The Huffington Post by Lynn Parramore, will contain brief common sense statements by 8 economists, 7 of whom are speakers at the Conference on the primary myths in fiscal sustainability. Don’t miss that post. Don’t miss the Teach-In Counter-Conference. Help if you can. Follow-up afterwards by watching the youtubes and the documentary therealnews.com will be making about the event.
Carry the anti-deficit hawk message of the event. Since the United States Government is sovereign in its own currency: We. Are. Not. Running. Out. Of. Money. The. Money. Was. There. All. Along. The. Money. Is. There. Now. The. Money. Will. Be. There. Tomorrow.
Let’s make this the start of a movement that sweeps The Peterson Foundation, and the deficit hawks aside, and that forces this Administration to end this recession and rebuild our nation...
http://www.fiscalsustainability.org/node/3