Shane M Coughlin Profile picture
Board of Directors member and Administrative Coordinator and Host @UnderstandMMT
Jun 1, 2023 7 tweets 4 min read
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 Let's remove this outdated constraint and invest in vital public services.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
Jun 1, 2023 6 tweets 1 min read
Congress needs to get its heads out of the sand and recognize that the debt ceiling is an arbitrary and outdated constraint that hampers our government's ability to invest in essential public services.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 We need sensible economic policies that prioritize the public good, not outdated rhetoric that's full of sound and fury but signifies nothing.
Jun 1, 2023 6 tweets 1 min read
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.
May 31, 2023 10 tweets 2 min read
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.