So she's looking elsewhere - to a different breed of academics, activists, issue experts, and journalists. She argues that many of them have a "bias towards maximization of corporate profit" - a point she made when she criticized a Harvard orientation for freshman lawmakers stacked with CEOs and lobbyists. Ocasio-Cortez is also critical of the establishment advice-givers. (DSA leaders, including Taube and national director Maria Svart, have a weekly call on Fridays to discuss policy issues with Ocasio-Cortez's legislative adviser, Randy Abreu.)
She says she's seeking policy advice from a variety of progressive organizations and experts. These days, the new congresswoman is reluctant to align herself fully with any one group or thinker. "We have never seen an America where the fruits of capitalism have actually been good for an entire generation of millennials." "Our whole adolescence was shaped by war, was shaped by the increased erosion of our civil liberties and privacy rights, and then was shaped as soon as we got into college by a ground-shaking recession that has haunted our economic outcomes ever since," she said.
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That series of events, she said, has defined her generation. She watched President Barack Obama bail out the banks, Occupy Wall Street fail to extract concrete wins, and college debt soar. Ocasio-Cortez was 11 when the Twin Towers came down and 18 when the Great Recession struck. "Our whole adolescence was shaped by war, was shaped by the increased erosion of our civil liberties and privacy rights, and then was shaped as soon as we got into college by a ground-shaking recession that has haunted our economic outcomes ever since," Ocasio-Cortez told INSIDER.
needs to be a larger part of our conversation." She said modern monetary theory, which holds that the government doesn't need to balance the budget and that budget surpluses actually hurt the economy, "absolutely. We can pay for it with deficit spending." We can pay for it with a transaction tax. We can pay for it by raising taxes on the very rich. "We can do it by saving money on military spending. "You can pay for it by saving costs on expenditures that we're already doing," she said.
She subscribes to modern monetary theory, a burgeoning theory among some economists positing that the federal debt is not an economic restraint for the US.
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Ocasio-Cortez calls constant questions about how she'll pay for her proposals "very disingenuous." She argues there are myriad ways to fund free college, Medicare for All, and a federal jobs guarantee. It often indicates a user profile.įact-checkers have taken issue with inaccurate or sweeping claims she's made about the cost of programs she supports, like Medicare for All, and her claims about the unemployment rate. Account icon An icon in the shape of a person's head and shoulders.
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