@jeff_sweaney@StephanieKelton Sorry. You're implying the so-called national debt. The deficit is the difference between what the government spent and what it taxed back in a fiscal year. Add all those up and you have the total of the national debt.
YOU WOULDN’T FIND THIS IN THE MAIN STREAM MEDIA:
Thousands of Orthodox Jews lined up in London to oppose Zionism while chanting “Israeli Government Shame On You!”
Our voice is silenced that’s why you don’t hear from us, but NOT because it’s not there.
Torah Observant Jews understand the dangers of Israel’s false claims of representing Jews and are pushing back strongly!
Help us get our voice heard!
@CheeseMacro@emma_holten@sdgrumbine Finally! A response to the (un)Enlightenment view that workers spring into adult being without any investment or care.
“My Dearest Sarah, provisions run low. The almond flour dwindles, and morale wanes. We have not seen a vegan food truck in days. The men speak longingly of brunch, yet there is not one avocado to be found. My longing for you makes my oat milk cortado nearly undrinkable.”
@jrkdenison@BestForBritain@ZackPolanski You clearly do not understand national finance. Parliament CREATES £ by law. It cannot run out. It does NOT use taxes for spending, contrary to your misunderstanding.
@richwhiting @BestForBritain@ZackPolanski You realize that GB cannot go broke, right? It creates ALL the £ needed when it spends, even on interest. It doesn't need to offer gilts for sale, either.
@farhan_fevrier@PatriciaNPino Not really. Most logic is described in words. Math uses symbols to shorten the descriptions, but that doesn't make an equation valid or the operation it describes.
@BlakeAshby1@StephanieKelton Next, you'll pull up that old "ticking time bomb" trope. Calling it debt is a false analogy. It's a running total of all the USD spent but not taxed back since 1835 when Andrew Jackson crashed the economy.
@BlakeAshby1@TweetForTheMany@JamesRobichaux You clearly do not understand that the federal government can create all the money it needs. If you are worried about the interest, have Congress set it at 0.5% by law. That will begin to reduce it immediately.
@BlakeAshby1@JamesRobichaux The government is NOT a currency user. Those rules do not apply. The federal government CREATES ALL the money needed as it spends. It's a different paradigm. Good stewardship means spending on infrastructure and the common good, not playing with the meaningless budget.
@LouisWoodhill@bourdeau_ed You clearly do not understand that MMT is a DESCRIPTION of the money system, not a policy proposal. Read Stephanie (Bell) Kelton's first paper. Her skeptical approach validated the premises.
Its obvious now that the government always has the money to spend on whatever priorities they have but simultaneously has no money to spend on whatever isn’t their priority. This is the essence of MMT. The government creates money by spending it and destroys money via taxes.