Rep. Ilhan Omar (D., Minn.), together with 5 different Democrats, lately launched H.R. 4894, the Real Progress Indicator Act of 2021. The invoice, solely six pages lengthy, is a obvious instance of why Congress has a meager 28% approval score.
The purpose is a progressive different to gross home product, which presumably is an unjust software to prop up huge dangerous enterprise. “The world wants new financial indicators and financial insurance policies that can prioritize and encourage really sustainable and equitable growth,” Ms. Omar claims. The invoice requires that “the top of every Federal company, the President, the Chair of the Federal Reserve, and Congress shall” use each the real progress indicator and GDP when budgeting or forecasting financial exercise.