Democratic Congressional Candidate Billy Kovacs
Democratic candidate Billy Kovacs outlined a detailed plan for how he would grow Arizona’s economy as Tucson’s Congressman.
“We can grow our economy without giving massive tax breaks for corporations,” he said at a recent meeting of the Democrats of Greater Tucson.
Among the five serious candidates, Kovacs is the only one emphasizing the economy in Congressional District 2. As Bill Clinton pointed out in 1992, winning elections is about “the economy, stupid!”
In a nutshell, his plan focuses on:
- Education – creating an educated workforce.
- Renewable resources – solar energy and energy storage.
- Public transportation – expanding the Tucson streetcar in all directions and preserving Amtrak in Arizona.
- Infrastructure – creating millions of jobs with a $1 trillion investment over 10 years.
- Immigration – creating a path to citizenship for 11.3 million unauthorized immigrants.
“We need to attract companies and workers to Arizona, and I’m talking about smaller companies that want to live in Arizona because of our natural resources and trained personnel from the university — and not for tax breaks,” he said.
According to Kovacs, the US Department of Education is gutting public education with budget cuts to after-school programs, teacher training, Pell Grants, literacy programs and even school lunches. He calls for:
Posted in Arizona Congressional Races, Campaigns, Congress, Economics, Education, Elections, Immigration, Infrastructure, Larry Bodine, Political Events, Transportation, Tucson
Tagged Billy Kovacs, DACA, education, immigration, infrastructure, public transportation, renewable resources, solar energy, tucson streetcar
Arizona’s total debt service rose 94% between 2007-2014. Why is the state paying $312 million per year in interest on Wall Street debt when we could self-fund projects with public banking?
The cornerstone of my economic reform ideas is establishment of public banking at the state, county, and/or municipal levels.
In a nutshell, public banking advocates believe that austerity is a lie and that budget-cutting and layoffs by governments is unnecessary and harmful to citizens. There is plenty of money. The problem is that our taxpayer funds are held in too-big-to-fail banks on Wall Street and invested for the benefit of the banks’ shareholders– instead of being held here in Arizona and invested for the benefit of the citizens of Arizona. Public banks invest on Main Street for the public good — rather than allowing OUR MONEY to be gambled (and potentially lost… again) on Wall Street.
There are many ways a public bank could be constituted. For example, in my speech to the LD9 precinct committee members, I suggested taking 10% of the state’s surplus rainy day funds and using that to establish an infrastructure bank. This state bank could self-fund much needed improvements and new roads to make the state more competitive and easier to traverse. It also could lend money to counties and cities to build their projects. In turn, the state would make a modest interest rate on the loans.
Creation of a state public infrastructure bank would address several economic problems in one fell swoop: