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RoKhanna's profile
Ro Khanna
Ro Khanna
Ro Khanna
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@RoKhanna

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Ro KhannaVerified account

@RoKhanna

Bridging national divide w/ a 21st century economic vision for new jobs & more pay in places left behind. No PAC $$. Pro-growth progressive. Obama Commerce alum

Silicon Valley, CA
RoKhanna.com
Joined August 2012

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    Ro Khanna‏Verified account @RoKhanna Jan 2

    Ro Khanna Retweeted Warren Gunnels

    I will be voting NO on the Rules package with #PayGo. It is terrible economics. The austerians were wrong about the Great Recession and Great Depression. At some point, politicians need to learn from mistakes and read economic history. @paulkrugman @StephanieKelton @RBReichhttps://twitter.com/gunnelswarren/status/1080318713331617792 …

    Ro Khanna added,

    Warren Gunnels @GunnelsWarren
    In order for #PayGo to go into effect, it needs to pass the House. If some 18 Dems vote no, it fails. The vote will take place on Thursday. Will enough progressives have the courage to vote no on the first roadblock to #MedicareForAll, #GreenNewDeal & #CollegeForAll? Let's see. https://twitter.com/ddayen/status/1080291053930856448 …
    6:34 AM - 2 Jan 2019
    • 3,223 Retweets
    • 11,493 Likes
    • rt dassler Karen Bernal Raisa T Robert Pelgrift jt Patriot4Ethics David Combosch ProgressivePsychProf🌎🌹🌻🐦
    647 replies 3,223 retweets 11,493 likes
      1. New conversation
      2. Ron Bialkowski‏ @Zrbialk Jan 2
        Replying to @RoKhanna @paulkrugman and

        You seem to be confusing stimulus at a time of economic crisis with social spending without funding. If we are going to invest in ourselves, then we should bloody well pay for it (i.e. RAISE TAXES). We've already seen what reckless borrowing does in other economies.

        31 replies 16 retweets 198 likes
      3. devg‏ @devg_ Jan 2
        Replying to @Zrbialk @RoKhanna and

        You can not first have a huge tax cut for the rich and then call for #PayGo! Until the tax cut is cancelled, there should be no #PayGo (and maybe not later either).

        22 replies 68 retweets 477 likes
      4. Kevin Murphy‏ @kcm74 Jan 2
        Replying to @devg_ @Zrbialk and

        Our currency is fiat, we can no more run out of money than a bowling alley can run out of points. The operating constraint is inflation, not debt, and inflation isn't a factor at the moment.

        20 replies 15 retweets 181 likes
      5. Ron Bialkowski‏ @Zrbialk Jan 2
        Replying to @kcm74 @devg_ and

        The Federal Reserve controls the money supply; the Federal Treasury does not print revenue. The US raises money for deficit financing by floating bonds and we must pay interest on those bonds. Again, it wiser and easier to use progressive taxation.

        16 replies 8 retweets 77 likes
      6. Kevin Murphy‏ @kcm74 Jan 2
        Replying to @Zrbialk @devg_ and

        #mintthecoin

        2 replies 0 retweets 12 likes
      7. 1 more reply
      1. New conversation
      2. Margi MacMurdo  🦁 🧚🏻‍♀️ 🎨  🤔 🗿‏ @MacMargi Jan 2
        Replying to @RoKhanna @ryangrim and

        Can someone PLEASE explain to me why this is bad?https://www.cbpp.org/research/federal-budget/policy-basics-the-pay-as-you-go-budget-rule …

        19 replies 2 retweets 29 likes
      3. christian crumlish‏ @mediajunkie Jan 2
        Replying to @MacMargi @RoKhanna and

        it artificially shackles us to GOP priorities

        7 replies 5 retweets 147 likes
      4. Margi MacMurdo  🦁 🧚🏻‍♀️ 🎨  🤔 🗿‏ @MacMargi Jan 2
        Replying to @mediajunkie @RoKhanna and

        I thought it willfully shackled us to not making us go bankrupt. Also, can’t they waive it in any case they deem neccessary? That’s how I read it.

        20 replies 3 retweets 47 likes
      5. Proud Liberal‏ @HaikuStock Jan 2
        Replying to @MacMargi @mediajunkie and

        Margi, the theory behind why PayGo is bad is that 1) the government can't go bankrupt, since it issues the currency, and 2) Republicans ignore debt/deficit spending anyway, so PayGo just means that their priorities get funded and ours don't.

        15 replies 19 retweets 183 likes
      6. Margi MacMurdo  🦁 🧚🏻‍♀️ 🎨  🤔 🗿‏ @MacMargi Jan 2
        Replying to @HaikuStock @mediajunkie and

        Ok I hear your theory but it doesn’t sound like a concrete truth. I’m not saying Paygo is wonderful, I’m saying it’s a red herring or a McGuffin in the so called “more progressive than thou” wing of the incoming DEM freshmen. Let me find that article again to double check.

        6 replies 3 retweets 31 likes
      7. Proud Liberal‏ @HaikuStock Jan 2
        Replying to @MacMargi @mediajunkie and

        Honestly, it would prevent large parts of the progressive agenda. (The #GreenNewDeal is nearest to my heart.) I don't think progressives want to exclude anyone or appear "holier than thou." We welcome everyone!

        9 replies 4 retweets 85 likes
      8. Margi MacMurdo  🦁 🧚🏻‍♀️ 🎨  🤔 🗿‏ @MacMargi Jan 2
        Replying to @HaikuStock @mediajunkie and

        Green new deal will not happen without DEMS being in charge of all 3 branches. I hope everyone gets that. We’re talking 2022.

        18 replies 4 retweets 47 likes
      9. Proud Liberal‏ @HaikuStock Jan 2
        Replying to @MacMargi @mediajunkie and

        Amen to that! But we can at least get some messaging bills on the table, and perhaps get some action. Love you for asking all these questions! And sorry to flood your in-box.

        1 reply 0 retweets 37 likes
      10. 5 more replies
      1. New conversation
      2. Nancy Rogers‏ @NancyRog11 Jan 2
        Replying to @RoKhanna @paulkrugman and

        Vote no, @SenateDems and @HouseDemocrats !! This is major and would be a huge assault on income equality. I regard any Democrats who vote for #PayGo as against us rather than for us

        16 replies 63 retweets 237 likes
      3. 1 more reply
      1. New conversation
      2. Deficit Owls  🦉‏ @DeficitOwls Jan 2
        Replying to @RoKhanna @paulkrugman @StephanieKelton

        pic.twitter.com/mi4dasA5Os

        3 replies 8 retweets 31 likes
      3. David Milliken‏ @DavidMilliken Jan 2
        Replying to @DeficitOwls @RoKhanna and

        If the market has to absorb more of the debt that issued then their is less money to make other investments. Plus if China continues to dump our bonds and by less of them, who will be our biggest buyer of debt?

        1 reply 0 retweets 2 likes
      4. Deficit Owls  🦉‏ @DeficitOwls Jan 2
        Replying to @DavidMilliken @RoKhanna and

        First, that is absolutely not true. There is no fixed supply of money for investment; banks create money for loans from thin air. Second, China doesn't just sell bonds and hold dollars instead. They sell the dollars to somebody else, then those people buy bonds with the dollars

        2 replies 1 retweet 17 likes
      5. David Milliken‏ @DavidMilliken Jan 2
        Replying to @DeficitOwls @RoKhanna and

        Who said anything about fixed supply of money? When you issue more govt debt to pay for things there is less money to go into other investments if that debt is going to be serviced.. That doesn’t mean there is less supply money.

        1 reply 0 retweets 1 like
      6. Deficit Owls  🦉‏ @DeficitOwls Jan 2
        Replying to @DavidMilliken @RoKhanna and

        Oh, I see, I thought you were talking about private investment, but you're talking about gov investment. That's not true either - the gov is the issuer of the currency, it can always make any size payment. Under current rules, nothing about larger debt service automatically

        4 replies 1 retweet 14 likes
      7. Deficit Owls  🦉‏ @DeficitOwls Jan 2
        Replying to @DeficitOwls @DavidMilliken and

        reduces other spending or raises taxes. That only happens if Congress votes for it, which, by and large, they do not do. Larger debt service just means the gov is spending more - which in our current economy, is probably a good thing.

        0 replies 1 retweet 9 likes
      8. End of conversation

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