The Jobs Candidate Warren Mosler Announces Million Dollar Challenge

Jun 02, 2010, 21:35 ET from Mosler For Senate

MIDDLETOWN, Conn., June 2 /PRNewswire/ -- Warren Mosler, Independent US Senate candidate, knows, operationally, there is no such thing as the US government running out of dollars, being dependent on foreign borrowing, or potentially facing a solvency crisis like Greece, and he has pledged $1 million of his own money to any of his Senate opponents on the ballot who prove him wrong.

"Those concerns are from pure fear mongering from supposed experts.  They have no factual basis, and they have become the true obstacles to full employment and prosperity," said Mosler, "and there is absolutely no financial reason to cut Social Security or Medicare."

Many also argue the nation's growing debt rules out further tax reductions, but Mosler says those assertions are blatantly untrue, proposing a payroll tax (FICA) holiday for employees and employers that increases take home pay of someone earning $50,000 a year by over $300 per month, providing the spending power the economy needs to prosper and grow.

"We lost over 8 million jobs primarily for one reason- sales collapsed," said Mosler. "My full payroll tax (FICA) holiday boosts take home pay and helps lower prices which restores those lost sales, bringing back the lost jobs, and fixing the economy the right way, the American way, from the bottom up."

See for details of Mosler's 'Right on the Money' proposals and his $1 Million Challenge.

SOURCE Mosler For Senate