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1/ The
federal deficit
is the amount of money spent by the government in a single year, minus what it collects back in taxes.
$3 trillion 👈 spending
- $1.7 trillion 👈 taxed
———————————————
$1.3 trillion 👈 the federal deficit
[#LearnMMT THREAD v2]
federal deficit
is the amount of money spent by the government in a single year, minus what it collects back in taxes.
$3 trillion 👈 spending
- $1.7 trillion 👈 taxed
———————————————
$1.3 trillion 👈 the federal deficit
[#LearnMMT THREAD v2]
2/ The *size* of the federal deficit is not what’s important. The only thing that matters is what our government
chooses to
do,
who they choose to do it
for,
and who they choose to
not
do it for.
chooses to
do,
who they choose to do it
for,
and who they choose to
not
do it for.
3/ The *size* of the federal deficit does not matter. The only thing that matters is
how moral,
equitable,
efficient, and
INFLATIONARY
their spending is.
If we have the resources to do it,
do it.
If we don’t,
don’t.
how moral,
equitable,
efficient, and
INFLATIONARY
their spending is.
If we have the resources to do it,
do it.
If we don’t,
don’t.
4/ For the federal government, the problem is never “how big” the deficit is. The problem is that our gov’t funnels that spending to the wealthy few...because the wealthy few legally bribe our representatives to do just that.
The real problem is
income inequality.
The real problem is
income inequality.
5/ The United States (and many sovereign fiat nations) has an abundance of real resources that could be helping the many
NOT DIE,
suffer,
go bankrupt, or
be unemployed.
If the resources are available to purchase then it is not inflationary to purchase them.
Period.
NOT DIE,
suffer,
go bankrupt, or
be unemployed.
If the resources are available to purchase then it is not inflationary to purchase them.
Period.
6/ But our government withholds that abundance from the many, because that’s what they’re paid to do.
Our federal representatives would rather be legally bribed into millionaire-dom by billionaires, than help their constituents, no matter how desperate they are.
Our federal representatives would rather be legally bribed into millionaire-dom by billionaires, than help their constituents, no matter how desperate they are.
7/ Since our government won’t provide for us, the only option left for our daily survival, are for-profit, private corporations – the very companies that
just
so
happen
to be owned by the same billionaires that bribe our representatives.
just
so
happen
to be owned by the same billionaires that bribe our representatives.
8/ We are forced into
**private debt**
for our day-to-day survival. Including:
Bank loans,
credit cards,
car loans,
student loans,
payday loans,
DEBT
because we have terrible healthcare, and
DEBT
because we have no healthcare at all.
**private debt**
for our day-to-day survival. Including:
Bank loans,
credit cards,
car loans,
student loans,
payday loans,
DEBT
because we have terrible healthcare, and
DEBT
because we have no healthcare at all.
9/ Let’s determine what the people need to
NOT DIE,
suffer,
go bankrupt, or
be unemployed.
Find out how to do it morally, efficiently, & without inflation. Then
do it.
Now. As urgently as we can.
We don’t need “taxpayer money" to do it.
NOT DIE,
suffer,
go bankrupt, or
be unemployed.
Find out how to do it morally, efficiently, & without inflation. Then
do it.
Now. As urgently as we can.
We don’t need “taxpayer money" to do it.
10/
$3 trillion 👈 spending
- $1.7 trillion 👈 taxed
———————————————
$1.3 trillion 👈 the federal deficit
The deficit is what is LEFT OVER.
What the government DOES is what’s important. Not what’s left over.
@mikenorman discusses (@ 2:40):
$3 trillion 👈 spending
- $1.7 trillion 👈 taxed
———————————————
$1.3 trillion 👈 the federal deficit
The deficit is what is LEFT OVER.
What the government DOES is what’s important. Not what’s left over.
@mikenorman discusses (@ 2:40):
11/ The federal deficit is this year’s “federal paycheck.” It is the total amount of money added to the American people’s debt free savings. Just like a paycheck from your job, after taxes, you get to keep that money, no strings attached.
12/ The federal deficit, however, is not an indicator of what the government did for its people, nor how well it did it (whether it was good, bad, too little, too much, efficient, equitable, just, moral, or even wanted). Again, @mikenorman:
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