Mike Rowse A voice from New Mexico

22May/170

John Kennedy has some really good ideas

Sen. John Kennedy from Louisiana as a couple of great ideas that are gaining traction. First the big complaint about Dodd Frank is the onerous regulations placed upon all banks which have really prohibited smaller banks from being able to loan money. This hurts middle income and lower income wage earners in America. Because often they don’t meet the strict criteria, being able to check off a box or put a number in the right place, that big impersonal banks have. Small local banks have more flexibility in loaning money; or at least they use to.

The stated purpose of the Dodd Frank was to rein in the big banks so Sen. Kennedy has proposed a solution, since it seems that there isn’t the political will to completely repeal the law. All you have to do is exempt the medium and small sized banks from the regulations put in place by the Bell. His proposal is that if you have less than $10 billion in capitalization you do not have to comply with Dodd Frank. Doesn’t that seem really simple and straightforward? Which probably means it doesn’t have much of a shot.

Secondly, he has offered a new bill that would require you to go to work if you are receiving Medicaid. Simply, if you are between the ages of 18 and 55, are not disabled; do not have kids; then you must go to work in order to continue to receive Medicaid benefits. The bill he has authored would require you to get a part-time job of at least 20 hours a week, in the alternative you can do 20 hours of community service, or you could enroll in a college degree program for the equivalent of 20 hours a week.

These are the kind of simple straightforward solutions that people will oppose, the media and the political elite will say it’s not that simple but it is. If our politicians really want to help the middle class they would give the smaller banks the exemption they need to begin loaning money again. This would stimulate the economy through increased housing purchases or construction; loans to people who want to start a small business; and so much more. And requiring Medicaid beneficiaries to work will be called and bigoted but the rest of us have to work to get what we need or want so why shouldn’t someone receiving benefits from the government, which is our tax money after work also?

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