Austerity is Murder 🌹

To pay off the debt is to DELETE, Destroy EVERY dollar in the economy. What kind of knuckle head would push that? What programs are we missing out on because people do not know this?

Why do people think that taxes fund federal programs? Being the "richest" country in the world is not about dollars... it's about available REAL RESOURCES. Not $€£¥₩

Why do people make up stories about the end of the dollar or make up tales from the bar stool about the end of the world reserve currency? The nonsense about the Petrodollar??? Why do they do it???

The lie is so pervasive and systematically reinforced in our sitcoms, magazines, media, churches work place, community associations and political parties, unplugging from economic illiteracy is a herculean task but one that must be destroyed every moment of every day.

As we watch the deep freeze sweep the nation and people die from exposure... remember the people who claimed we needed to reduce the debt and deficit and who refused to advance a bold progressive agenda. Remember them all. The dead have no voice. We must be their megaphone.

double entry accounting demands an asset be tallied. So the otherside of the debt is a private sector asset on the balance sheet. The debt Is an IOU and the asset is a tax credit.

"If state spending is printing money, then federal taxation is unprinting money" (Thanks @wbmosler ) #LearnMMT #EachOneTeachOne #federaljobguarantee #greennewdeal #nopaygo #wearetherevolution #realprogressives

An important distinction exists between the currency issuer & currency users.. The Federal Government is the currency issuer. It has no means to live beyond. It creates money at will when Congress authorizes it.