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BurghMark21 (8176)
Joined 2018-07-08
64 Featured Images
419 Creations
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crime is tied to poverty in politics
0 ups, 2y
I thought as much. I recommend you learn what is "MMT." You can begin with this: MMT is a description of how currency works, inception to destruction, in a monetary system. It describes what is already in use. In the US, it describes federal finance in operation since August 1971. https://cdn.underground.net/wp-content/uploads/7DIF-of-Money-Short.pdf
Untitled Image in politics
0 ups, 2y
This was made as a response to Ohio's Governor signed a bill allowing school employees to carry guns in the schools.
National Improved Medicare For All in politics
0 ups, 3y
The question wasn't rhetorical. How can you criticize my answer when your original question, "who pays for all of it," signifies a lack of understanding of Federal finance?
National Improved Medicare For All in politics
0 ups, 3y
From where did you think US dollars originated?
National Improved Medicare For All in politics
0 ups, 3y
All Federal spending is self-financed. All Federal programs are paid by dollar creation. The process begins in Congress with votes on a bill to purchase goods and services to provision the Federal Government from the domestic & foreign private (non-government) sector. When the bill and its appropriations attachment pass, the bill goes to POTUS to be signed into law. When the POTUS signs the bill, that law orders Treasury to complete the transaction. Treasury instructs the recipient's bank to increase the account balance with the number of dollars appropriated and the Federal Reserve Bank clears the payment. When the recipient's account balance increases, new dollars were spent into the economy. Prof. Stephanie Kelton's short video explains: https://realprogressives.org/mmt-basics/