Discover and read the best of Twitter Threads about #federaljobguarantee

Most recents (11)

Some basics.

The US Dollar is a tax credit.
It is a unit of measure.
You can't run out of inches
You can't run out of numbers
The government can't run out of dollars...
unless it purposely, politically chooses to.

Thread 1/x
Since the US Dollar is a mere tax credit and a unit of measure, it is neither precious nor permanent.

A dollar is an IOU.
When it is spent into existence a debt is born.
When it is taxed out of existence a debt is washed away.
All money is debt.
So reducing the national debt means reducing the national money supply.
Read 18 tweets
Sadly all programs cost money & #MMT precisely describes the system we have today.

It 10000% answers the question of "how do you pay for it" & when spoken truthfully allows both republicans, democrats & independents to redraw their battle lines & win large groups of supporters
People are turned off to have to change what they say and the wars they wage. They hate finding out they were 100% wrong on the debt. 100% wrong on deficits. 10000% stunted in terms of the bold reforms we know we can afford.
#MMT is the truth that shatters much of the battles we face because most people have been conned into believing social security is broke.
Read 9 tweets
cnn.com/2020/01/15/pol…
🤦🏻‍♂️.... ok, this has been going on for two days, now, and showing no signs of stopping. So, let’s be clear:

2 days ago, CNN “Reported” that 4 unnamed Warren staffers say that, over a year ago, Bernie told Warren that “A woman can’t win the Presidency”. 1/
....four decades of evidence of Sanders saying exactly the opposite, and the fact that he encountered Warren to run in the 2016 election means nothing to CNN, it seems.... 2/
This, it seems, is ‘journalism’. What passes for hair salon gossip is just as good as real news on what we’re told to believe is a real new station. CNN bristled at being called ‘fake news’ but thinks gossip is the same thing as journalism? Ok....3/
Read 20 tweets
Did you know that one of the ways our government prevents massive recessions, or mitigates them is with automatic stabilizers? 1/x
Automatic Stabilizers are cash injections into the economy when certain events occur and they are cyclical and automatic. When the economy improves, the stabilizers eventually slow to appropriate levels as well.
They serve the public through services such as food stamps, Medicaid, and many other public services, but the key purpose of these automatic stabilizers is not just to help the people.
Read 28 tweets
Let's be clear... any politician pushing for a REAL progressive agenda is going to need a populist army that is smart enough to defend the programs and defend "democratic socialism" from both the moronic right and the too cool for school left.
We will need people willing to roll up their sleeves and do more than just door knocking and celebrating at rallies with bands and pork pie hats with the red white and blue.
Fake revolutionaries think they can just be mad and that will do.
Read 17 tweets
Neoliberalism is about false scarcity, privatization, corporatism, bootstraps, identity politics, market solutions and profit. Not for humanity. For profit. For markets.
To eliminate public purpose spending and place the burden on those least capable of surviving. It breeds winners and losers and is focused on eliminating the state and pushing us all into private debt arrangements.
Progressivism is exactly the opposite of this. Actual REAL PROGRESSIVES are seeking public purpose spending, not tax payer dollars. REAL PROGRESSIVES are seeking inclusion and CITIZENS BENEFITS NOT MEANS TESTING.
Read 8 tweets
You know how we artificially back our currency today? Taxation??? No, that is substantively how we do it today. No, the real answer is austerity. We back our currency by forced unemployment and misery.
What in the world would make "progressives" more focused on false evidence appearing real (F.E.A.R.) than the truth?
One can only speculate as the the "why" behind it.
Read 7 tweets
Some basics.

The US Dollar is a tax credit.
It is a unit of measure.
You can't run out of inches
You can't run out of numbers
The government can't run out of dollars...
unless it purposely, politically chooses to.

1/x
Since the US Dollar is a mere tax credit and a unit of measure, it is neither precious nor permanent.

A dollar is an IOU.
When it is spent into existence a debt is born.
When it is taxed out of existence a debt is washed away.
All money is debt.
So reducing the national debt means reducing the national money supply.

Dollars are not reused
A dollar is spent once into existence.
It circulates within the economy
Is destroyed once it is returned as a tax.
Read 13 tweets
1/ An excellent article by an unbought journalist.

“Of course, another [corporate friendly Dem pres] would save us from more Trump. But it would almost certainly still be death.”
2/ @davidsirota’s only flaw, and it is unfortunately a big one, is that he confidently believes the neoliberal trope that federal programs are funded by “taxpayer money” – a belief that is not just wrong, but insidious, sinister, and directly counter to all things progressive.
3/ “Taxpayer money” is not just “economically inaccurate,” it strongly promotes the corporate friendly presidents your article rails against. “Taxpayer money” guarantees we will never ACTUALLY GET #MedicareForAll, a #GreenNewDeal or a #FederalJobGuarantee.
Read 6 tweets
Its tweets like this that we have heard time and time again, that shout at the problem and never go the xtra mile to learn the solution. I see friends liking the bridge to oblivion posts & wonder why they stay silent, ignoring solutions. It makes you realize they never paid attn.
When I see upstart 3rd parties and friends staying in the low hanging fruit of pointing and problems and skipping the solutions (#FederalJobGuarantee, #GreenNewDeal, #MedicareForAll) and then realize they never bothered really getting #MMT... it makes you further realize...
The lights aren't on yet.
Read 13 tweets
I want you to know something terrifying...
Only @RoKhanna and @Ocasio2018 even voiced opposition to #PayGo from the Democratic Party.

Rank and file Democrats on Facebook ignored Dr @StephanieKelton regarding this matter.
Rank and file Democrats give Republicans all the ammo they need pretending the nation is constrained by taxation for spending.

Rank and file Democrats have accepted austerity is the "right thing to do". To be "fiscally responsible" and "clean up the Republicans budget mess".
Rank and file Democrats do not realize our nation creates dollars when it spends and destroys dollars when it taxes.

Rank & file Democrats end up supporting #GreenNewDeal killing economics of austerity then do the Republicans job for them by asking "How are you gonna pay for it"
Read 8 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!