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Austerity is Murder🌹 Profile picture
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26 May, 8 tweets, 1 min read
If a politician at the Federal Level asks "how are we gonna pay for it?" they are a murderer. There is absolutely no excuse for ignorance at this point. They are not just "ignorant", they are a traitor and a terrorist.
It is a tool to ensure we are incapable of survival. Physics does not negotiate and their insistence on austerity will leave us dead.
Are there some GENUINELY just not aware? Sure, but it is few and far between. The vast majority fully know and refuse to move forward in defense of humanity
If that causes people to get emotional, perhaps they should learn to punch up.
There are privileged people who will be triggered.

Shame on them.
It beyond past time to be angry, unequivocal and absolutely piercing in our fight against austerity and neoliberalism
Diamonds are made by exerting extreme pressure.

We must discipline politicians as they use cruel economics to discipline workers.

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More from @sdgrumbine

Austerity is Murder🌹 Profile picture
24 May
Argentina has foreign denominated debt. What does MMT say about a currency issuing nation?

That it cannot go broke on debt denominated in its own currency.

Clearly that means Argentina is not the death blow against MMT.

You'd have to be an idiot to say that.
Argentina is pegged 3 to 1 to the US Dollar.

A pegged currency isn't free floating as MMT will suggest provides maximum policy space and I would say it is just as stupid to peg to another currency as to peg to a commodity.
External constraints can be a real disaster. Pegging you can ur currency to a commodity or another currency is a bone headed move.
Read 4 tweets
Austerity is Murder🌹 Profile picture
19 May
Cash is not real resources.

Real Resources are like Housing, Healthcare. Education. Food. Transportation.

If we do not get this, then let's go one step further.

THE FEDERAL GOVERNMENT CANNOT GO BROKE WITHOUT AN INTENTIONAL ACT OF CONGRESS.

1/x
The Federal Government can make any payment for anything that is for sale in US Dollars.

Regular people cannot.

The Federal Government can absorb any cost hikes, inflationary pressures and has the means to force production to meet demand.

Regular people cannot.
So if you want to come to me with a UNIVERSAL Basic Needs proposal, you have my attention.

If you want to advance a UNIVERSAL Basic Income scheme, No thank you.
Read 4 tweets
Austerity is Murder🌹 Profile picture
18 May
QE is absolutely NOT printing money. It is swapping forms of debt. To quote @wbmosler, "it is effectively a tax" .

The Federal Reserve is not just randomly "printing money". That is literally NOT how it works.

1/x
The Federal Reserve is a score keeper and they manage interest rates. They manage private indebtedness. They manage bank lending and clearing payments. They are not Willy Nilly printing money. That is called monetary policy.
When you are talking new money creation in the form of net financial assets, not loans, you are talking fiscal policy and ONLY Congress can authorize that. That means new money creation out into our economy through government spending.
Read 6 tweets
Austerity is Murder🌹 Profile picture
18 May
For anyone who thinks MMT (Modern Monetary Theory) is a subject that can be put off or ignored.

1. Because of that mindset we do not have healthcare in the USA.

2. Children are burdened with 1.6 trillion in student debt
3. We do not have relief payments to families in the midst of a pandemic. No nationalized Payroll. No job guarantee.
4. Families are breaking up over Economic insecurity
5. We have no right by law to an education
6. We do not have paid family and medical leave.
7. We have no job guarantee
8. Banks are putting us in private debt because the Federal Government isn't spending on the people
9. Million die from hunger, exposure, preventable illnesses, unemployment and suicide
Read 5 tweets
Austerity is Murder🌹 Profile picture
18 May
Here are some of the major problems we face:

1. We are dealing with austerity and our movement hates to talk economics.

1/x
2. The powers that be understand we are ignorant of macroeconomice and exploit that weakness to maximum effect.
3. Many in the movement have created false narratives about money, the Fed, banking, the role of federal taxes and are so partisanly loyal that they cannot function unless their party, favorite politician or media tells them what to do.
Read 8 tweets
Austerity is Murder🌹 Profile picture
16 May
I really hate the 4 things and they are 4 things I think most of us feel, have seen or had happen to them:

1/x rant
1. When people show off their good fortunes while people suffer. "look at me, aren't we great?" "I'm so blessed to have lots of money and family support so we can do whatever..." "Look at the pool." "This is us at a 5 star restaurant"
2. When people see the shallow celebration and envy them while resenting the people in their own homes wondering why these good projects aren't done at their own home. You know the type. Trust me. They aren't rare. Sadly.
Read 8 tweets

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