Borrowing

[AnthonyAú]

Platform - Green Party US
  Section III. Ecological Sustainability
        A. Climate Change

              Economic Bill of Rights
                Financing the Green New Deal

                  Progressive Tax Reform
                    Borrowing

Borrowing — Progressive and ecological taxes and reallocating military spending to the Ecosocialist Green New Deal may not generate enough revenue to make the massive investments immediately needed to rapidly transform the economy to clean energy. Climate breakdown will cost much more than not making those investments.

So pending Green Monetary Reform, the federal government may have to borrow to make the needed investments.

In such borrowing, Greens favor a program of Green Quantitative Easing where the Federal Reserve creates the money to buy the Treasury securities issued to support the Green New Deal investments.

This quantitative easing by the Federal Reserve would be used to bail out the planet and the people instead of the big banks as happened in the wake of the Great Recession.