State based medicare... under the best of circumstances, is a TERRIBLE idea, why?

Your state would create an unsustainable blue print set to fail and prove "socialism don't wurk" and it would kill healthcare.

There is no exception. It's simple economics.
The Feds issue the money. Healthcare is super expensive when you arent the currency issuer.

Pensions are Super expensive when are not the currency issuer.
Earthquakes are super expensive when you are not the currency issuer

Wildfires are super expensive when you are not the currency issuer.

This isnt a feelings game.
This is a do you or do you not get economics moment brought to you by someone who does and desperately wants healthcare as a right in this country.

#LearnMMT #EachOneTeachOne
You can't destroy neoliberalism by just putting your fist in the air. You 1st need #MMT to destroy the economics of austerity! ✊
Uniting around the macroeconomic truth of Modern Monetary Theory does NOT mean you have to give up your Letterman's Jacket.

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More from @sdgrumbine

17 Jan
Democrats love reducing deficits & balancing budgets. This "fiscal conservatism" is LETHAL to millions of poor & vulnerable individuals across the country.

The GOP pushes for the same stuff while simultaneously cutting taxes on the wealthy & reducing programs that serve the poor
If you are ok calling out people as racists, homophobes, misogynists, bigots and murderers for being pro life or pro choice, how is calling a fiscal conservative who kills the poor a murderer by proxy or an economic illiterate any worse?
Austerity is often founded in bigotry. But it is equally supported by economically illiterate people.

All of these "belief systems" are born in ignorance.

All of them lead to pain or death.

So why is identity politics acceptable but economic literacy not?
Read 5 tweets
14 Jan
"What if I told you that everything we have been taught about US economics is wrong? Before your eyes start to glaze over in anticipation of boring economic jargon, let me acquaint you with 5 simple facts that might just wake you up.
1. Not a single dollar of those federal income taxes you pay to the government every year go to finance anything. As soon as your taxes are received by the government they are in effect destroyed.
2. The US government can never “go broke” because they are the sole issuer of US dollars and can authorize more money when needed. I can see you shaking your head, thinking “this woman must have a screw loose.
Read 7 tweets
11 Jan
Our Federal Government doesn't need revenue. Taxes serve as a gas pedal or brake for an economy. They drive the need for currency. They stave off inflation and can be used to break up pooled concentrations of wealth that are destructive to a functioning democracy and economy.
1/x
So what's the fuss about marginal income tax rates and "fair share"? Why the chatter about how will the government get money to fund its operations?
First we must decouple the idea that spending and taxing are linked. Taxes are not a financing operation at the federal level. In fact, taxes are destroyed upon receipt. You see, the dollar is nothing more than a tax credit. A unit of measure. Just like a run in a baseball game
Read 20 tweets
11 Jan
I'm not doing the Alt media personality wars. I understand we have to be more bold, less deferential, more follow through on demands... But we need the underlying systems to support bold direct action that tit for tat Alt media wars are not building. The sheer volumes we need...
Our enemy is well funded, well organized. Have control of the media and can propagandize the unwitting masses... We have so much "roll up your sleeves" non-door knocking, non-phonebanking, non-electoral style work to do. Without robust revolutionary organizing, it's all fluff.
We must have a revolutionary education process. Teach folks how to organize. Teach folks how to communicate like Wind Talkers. We need to build mutual aid networks and ensure we have the ability to address good, shelter and legal representation.
Read 4 tweets
10 Jan
There are waiting lists for "skilled" practitioners in the care of autistic children. From underpaying to underfunding, this is a problem that can be easily solved. As a father with an autistic child on ridiculously long waiting lists for specialists
#autism 1/x
Specialists such as a TSS or specialty developmental pediatrician are tougher and tougher to get and I get more and more disgusted knowing his life and health are directly being hurt by #MMT deniers.

Autism funding is being blocked by a false belief of debt and deficits.
Families with autism know how much work and endless therapy and late, sleepless nights that come with it. Sleep deprivation and anxiety... illnesses bourne in exhaustion ... all stemming from austerity bred in neoliberal, crap economics.
Read 6 tweets
10 Jan
I had never heard of a man named Ferdinand Pecora before I had met the likes of the legendary William K Black who is the foremost expert in bank control fraud. But Bill was adamant that we learn about Ferdinand Pecora who had apparently brought the banksters to their knees 1/x
I was then introduced to @PatrickLovell1 and his brilliant partner Eric Vaughan who reemphasized the need for a modern day Pecora hearing. m.imdb.com/name/nm1144162/
I started to dig in. These guys Eric, @PatrickLovell1 and Bill had created a docuseries called "The Con" and it broke the story of the housing collapse and the fraud that fueled it from the GFC in 2007-2009 and beyond.
Read 13 tweets

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