, 3 tweets, 1 min read Read on Twitter
For everyone wondering how to pay for a Green New Deal, we need to re-learn the history of the WWII mobilization, when US government spending rose from about 5% to 45% of GDP overnight, with unprecedented deficit spending, govt bonds, much higher taxes, etc. We can do this.
US debt as % of GDP were also much higher during WWII. US could cut military spending, raise taxes on the wealthy and corporations, raise taxes a bit on everyone else, sell bonds, and engage in other methods of deficit spending with long historical precedent.
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Brad Simpson
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Follow Us on Twitter!

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!