Steve G

That chicken ranch in Silicon Valley early fifties... Catholic school. Recovering Shelby/Cobra gearhead. On writing: well-edited prose is your guide! Go #MMT!

[Steve G @BeenAlready]

@SteveRattner @nytopinion For S.S., Stephanie Kelton argues that Congress should authorize the Treasury to make all legally required payments regardless of the current balance in the Trust Fund accounts. (Similar to what they already do for SMI Trust Fund)

[Steve G @BeenAlready]

@SteveRattner @nytopinion Congress has full authority to ensure Trust Fund doesn't go broke. They hv power to literally have the Fed "journal-over money" to the Trust Fund. It can be made whole w/power Congress has. Econ prof Stephanie Kelton speaks to this detail.
Kelton on MMT -- gold.

[Steve G @BeenAlready]

@loganb @DeanBaker13 It's not just "dollars in the pocket", but Dollar Velocity shows that a dollar in the hands of the working class is more productive than tax breaks for the top 10%. Dollars move through the economy about seven times compared to a dollar given at the top.

[Steve G @BeenAlready]

@RonPlacone Both Alan Greenspan and Ben Bernanke have said: it's never a problem of where we are going to get the money, the challenge is to properly resource the economy.
Stop asking: "how will we pay for it?" and make sure we're enacting policy that broadly empowers the population.

[Steve G @BeenAlready]

@RonPlacone Taxes do not fund the government, they never have.
Wrong question: "how will we pay for it?"
Modern Monetary Theory (MMT) is the best analysis framework for understanding the ACTUAL processes of deficit, debt, taxes, and "dollar creation".

[Steve G @BeenAlready]

@TheHitMan1776 @ChrisMurphyCT You don't know what a traitor is. Obviously Murphy is going to be very careful about what he says. Trump is a traitor to our Constitution. He is trampling it and trampling the rule of law broadly.

[Steve G @BeenAlready]

@ConserArmenians @ChrisMurphyCT He is obviously being very careful in what he put forward.

[Steve G @BeenAlready]

@HarryIr82532876 @ChrisMurphyCT Just listen to Trump's words. He lies. He says the same things, often that have been debunked multiple times. He's confused in his speech. This is a bad omen.

[Steve G @BeenAlready]

@nickisnest @ChrisMurphyCT He is obviously very careful about sharing anything that's inappropriate.

[Steve G @BeenAlready]

@JohnBatcheller @ChrisMurphyCT It's quite crucial to comment along the way on progress on a war that was illegally started. Trump and Hegsrth are adrift with a wrong-headed policy for the Middle East.

[Steve G @BeenAlready]

@DougHenwood @kenklippenstein AIPAC has their hooks into almost all members of Congress. I looked up about a dozen legislators, including some Democrats and it's embarrassing to see the millions that are probably providing a bias to the decision of our lawmakers.

[Steve G @BeenAlready]

@JutWalk @paul_d_stevens @LDS_Dems Keep explaining this, again and again. It needs to be increasingly in front of people. Don't be bashful about talking about the specific spreadsheet transactions, the set of steps that represent the DTS

[Steve G @BeenAlready]

@Steven_Strauss @LisaDNews The SCOTUS immunity doesn't prevent impeachment or the International Criminal Court from neutralizing Trump.
Or let's just say, bringing him to answer.

[Steve G @BeenAlready]

@DeanBaker13 Further, trade deficits and surpluses are agnostic. Both have 'dollar velocity' which contributes to the GDP. However Trump is managing to grind down the GDP going forward, most likely.

[Steve G @BeenAlready]

@DeanBaker13 One of the nine law firms on bended knee to Trump in their fealty, ought to pick up the case for Garcia, in a true pro bono fashion.

[Steve G @BeenAlready]

@RepRileyMoore The fact that Trump and many Republicans are willing to ignore habeas corpus -- one of the foundations of our country, existing in English law even before the US and it's Constitution -- is heinous, cruel behavior. Anti-democratic for sure.

[Steve G @BeenAlready]

@DianneCallaha16 @RepRileyMoore The fact that Trump and many Republicans are willing to ignore habeas corpus -- one of the foundations of our country, existing in English law even before the US and it's Constitution -- is heinous, cruel behavior. Anti-democratic for sure.

[Steve G @BeenAlready]

@RelearningEcon The pick follows the flag.

[Steve G @BeenAlready]

@IsabellaMWeber Tim Cook of Apple explained why they manufacture in China. It's not cheap labor, it's because they have an educated, broadly skill-trained high-tech workforce that can work at the scale Apple needs. Americans cannot compete with those skills.

[Steve G @BeenAlready]

@FleischmanSteve @StephanieKelton Great! Just looked this up and now understand this metric. (maybe a trivial observation to you, but thanks for the chart! Always enjoy picking through the details of our economy. MMT, for instance, as been a great study)