1/8 Please please please, @WaywardWinifred (& all progressive leaders!), please #LearnMMT. in a country that prints its own money (the United States is a “sovereign” nation with a “fiat” currency) the national debt is meaningless and nonsensical.
2/8 #LearnMMT
- “We can’t ‘afford’ #MedicareForAll!” 👉 The word “afford” is meaningless in a fiat currency. We print our own money!
- “Sure, #M4A is nice, maybe someday, but how will we pay for it?!” 👉 We pay for it by voting the money into existence. How? By passing HR-676.
3/8 #LearnMMT
- But r taxes will go up! 👉 Federal taxes, while really important, DO NOT PAY FOR ANYTHING. (If u could print ur own 💰, would u need income?)
- But it will bankrupt the country! Think of the children! 👉 Exactly how do u bankrupt a country that prints its own 💰?
4/8 That scary national debt does serve one purpose: to scare us out of believing that #MedicareForAll – and all nice things the powerless deserve – are possible. (Yet there’s always money for war....)

(To say the national debt is bullshit is an understatement.)
5/8 Those who don’t #LearnMMT waste so much time on the “how will we pay for it?” question, when they should be just organizing & demanding #MedicareForAll, once and for all, goddammit.
6/8 They won’t give us #MedicareForAll bc they profit off of our sickness, yes. But there’s a bigger reason: #M4A would unchain the powerless from their jobs & allow us to RUN for Congress & REPLACE them. It not about health or profit, it’s about keeping the powerless powerless.
7/8 Please, @WaywardWinifred, please #LearnMMT. & when you do, please #TeachMMT.

It is as profoundly important as what Bernie taught us: that money in politics is the root of all evil.
8/8 #LearnMMT

This is how we win.

Here is our tutorial, with resources to learn more:
tells me @WaywardWinifred probably does know #MMT and was sharing the above debt tweet to mock the media and those who pretend they don’t know #MMT. Apologies if that’s the case. Still a valuable lesson to many.

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More from @citizensmediatv

Aug 23, 2018
Broadcast last night by @TheYoungTurks: “Republicans ADMIT they’re coming for your Social Security and Medicare.“ Almost 50,000 views as I write this.
@AnaKasparian (45sec): “It is going to add $1.9 trillion to our federal deficit over the next 10 years.”

Why is increasing the deficit a bad thing? Yes, it should go to the many, not just funneled to the few, but what specifically is wrong with an increasing deficit?
Without a deficit, the American people have no value. They have no investments, no bank account, nothing in their wallet. Without a deficit, the American people are completely choked off from their government. Without a deficit, we have no society.
Read 14 tweets
Aug 19, 2018
“Then why does the military budget keep going up as social programs keep getting cut?"

Now that’s a good question.

#LearnMMT

[thread – version 2]

You and I require income (a paycheck) before we can spend. We must choose and prioritize what each dollar is spent on. Food or medicine? Can’t afford both this week. Or... gotta chop that pill in half so we can buy food for our kids. Hard choices. One or the other. Either/or.
Before Nixon took the US dollar off the gold standard in 1971, the federal gov't was the same way: they needed income (i.e. taxes) before they could spend. Now that the US dollar is a "fiat" currency, "a budget" to me and you is

**NOTHING**

like "a budget" to the federal gov't.
Read 34 tweets
Aug 3, 2018
"Then why does the military budget keep going up as social programs keep getting cut?"

Now that’s a good question.

[thread]

#LearnMMT
You & I require income (a paycheck) before we can spend. We must choose & prioritize what we spend each $ on. Food or medicine? Can’t afford both this week. Or...gotta chop that pill in half in order to buy bread & eggs to feed our kids. Hard choices. One or the other. Either or.
Before the United States went off the gold standard in August of 1971, the federal government was exactly the same way: they needed income (taxes, borrowing) before they could spend on federal programs.
Read 33 tweets
Apr 23, 2018
1/ There is so much good in this video by @cenkuygur and @TheYoungTurks: The federal government prioritizes war over programs for the powerless. Like many many times over. But Cenk (and @commondreams) are SO wrong in HOW it’s presented. #LearnMMT
2/ The fed govt is not constrained by💰. The U.S. is a sovereign nation with fiat (non-gold backed) currency. It has infinite💰at its disposal. Whatever it needs, write it in a bill, vote it into law. BAM. New💰. (It SHOULDN’T create infinite💰, but it damn well could.) #LearnMMT
3/ State & municipal govts, and households, ARE constrained by💰, since they can’t create the currency. (Well, at the risk of going federal prison for counterfeiting, they could certainly try.) The fed govt (Congress) are currency ISSUERS. Everyone else are currency USERS.
Read 26 tweets
Apr 16, 2018
1/ An analysis of the first three paragraphs of the audacious smear job article tearing down a great woman, @ninaturner. (We got your back @ninaturner. ✊👊💪🙏) #receipts
2/ Paragraph one: That “Deep State conspiracies” link? The words “Nina” and “Turner” are nowhere to be found in the linked article.

newrepublic.com/article/146612…
3/ The link about the uranium one conspiracy? Her actual quote has nothing to do with what the linked article accuses her of (and what Fassler so easily, excitedly, and enthusiastically perpetuates).

crooksandliars.com/2017/10/do-bet…
Read 13 tweets
Apr 12, 2018
If you REALLY want #MedicareForAll, then stop talking about how we will “pay for“ #MedicareForAll.

#MMT #LearnMMT

citizensmedia.tv/2018/04/12/mmt…
An insightful response to our article on avoiding the “pay-for” trap.

Article: citizensmedia.tv/2018/04/12/mmt…

Comment: nakedcapitalism.com/2018/04/true-a…
And another:

As citizens, we make demands from our reps, it’s their job to deliver on those demands & sort out the details properly.

Me: “I want #MedicareForAll
Rep: “How RU going to pay for that?”
Me: “Stop making me do your job. You wanna be a leader? LEAD!”

#LearnMMT
Read 13 tweets

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