Shane M Coughlin Profile picture
Jun 1 7 tweets 4 min read Twitter logo Read on Twitter
The debt ceiling is a relic that no longer serves a purpose in guiding our economic policies. It's time to remove it and put the needs of all Americans first. #MMT #DebtCeilingRemoval
Refusing to raise the debt ceiling will only lead to chaos and economic turmoil. As per MMT, our government can never run out of money it issues its own currency. Let's remove this outdated constraint and invest in vital public services. #RemoveDebtCeiling #MMT
Removing the debt ceiling will allow us to allocate resources based on human needs rather than being held hostage to arbitrary financial metrics or political folly. It's time to take a more pragmatic and responsible approach to investing in our future. #MMT #PublicServices
To tackle climate change and foster green energy innovations, we need immediate and urgent action. Let's remove the debt ceiling and mobilize the funds necessary to fund green infrastructure projects and create green jobs. #GreenEnergy #MMT #RemoveDebtCeiling
Removing the debt ceiling will create greater accountability in our fiscal policy framework and enable us to invest in measures that reduce economic inequality and foster greater social justice.
Let's build a society that works for all Americans, not just a privileged few. #MMT #SocialJustice
By embracing Modern Monetary Theory and removing the debt ceiling, we could create an inclusive and equitable society that invests in the well-being of all citizens. It's time to remove this needless constraint and move towards a better future. #MMT #BetterFuture

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More from @ShaneMCoughlin

Jun 1
Congress needs to get its heads out of the sand and recognize that the debt ceiling is an arbitrary and outdated constraint that hampers our government's ability to invest in essential public services.
Refusing to raise the debt ceiling is irresponsible and puts politics ahead of the needs of the American people. We need sensible economic policies that prioritize the public good, not outdated rhetoric that's full of sound and fury but signifies nothing.
Modern Monetary Theory has shown that removing the debt ceiling and embracing a more expansive approach to economics is the key to unlocking the full potential of our nation.
Read 6 tweets
Jun 1
Let's talk about another solution. The trillion-dollar coin approach which would bypass the need to raise the debt ceiling and enable the government to finance essential public services without political deadlock.
Creating a coin held by the Federal Reserve as per Modern Monetary Theory would not lead to inflation or jeopardize the nation's fiscal health.
Minting this coin would mitigate the political struggle and economic uncertainty of having to go through the debt ceiling process.
Read 6 tweets
May 31
It's time to cut the nonsense and end the debt ceiling crisis. The US government needs to invest in healthcare, education, infrastructure, and social safety nets to provide for its citizens
Stop treating the government like a household that needs to balance its budget. MMT advocates recognize that the government has the power to create money and invest in public goods without relying on taxes or borrowing.
Gridlock and government shutdowns need to end. The two-party system isn't working. Adopt MMT's perspective on government spending and taxation and create an economy that benefits everyone, not just corporations and the rich.
Read 10 tweets

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