Sunday, March 24, 2013
OCTOBER 8 1946 – BIRTH OF DENNIS KUCINICH, CONGRESSMAN, OHIO
1946 – BIRTH OF DENNIS KUCINICH, CONGRESSMAN, OHIO
Author of the National Emergency Employment Defense [NEED] Act, introduced in 2010 and 2011. Amontg the bill’s provisions are: (a) make the Federal Reserve System more accountable by placing the Fed under the US Department of Treasury, (b) create government issued money to hire people to repair the nation’s physical and human infrastructure, and (c) eliminate fractional reserve lending – the practice that permits banks to lend many times more funds that they actually possess.