From an MMT perspective… we really don’t need to reduce the national debt. So many useful people, skills, and resources are being poorly utilized.
We could deficit spend to boost green energy, education, housing, mass transportation infrastructure, etc. and have a better economy on the other side of it.
Instead, we’ll continue to spend on stagnant, monopolized sectors and also refuse to tax billionaires to lessen the harm of these bad investments.
And then we’ll pretend that welfare austerity — ripping away the last shreds of buying power from the lower classes — is somehow fiscally responsible, despite the obvious reality that an economy where nobody can buy or make anything is doomed to death spiral.
From an MMT perspective… we really don’t need to reduce the national debt. So many useful people, skills, and resources are being poorly utilized.
We could deficit spend to boost green energy, education, housing, mass transportation infrastructure, etc. and have a better economy on the other side of it.
Instead, we’ll continue to spend on stagnant, monopolized sectors and also refuse to tax billionaires to lessen the harm of these bad investments.
And then we’ll pretend that welfare austerity — ripping away the last shreds of buying power from the lower classes — is somehow fiscally responsible, despite the obvious reality that an economy where nobody can buy or make anything is doomed to death spiral.