It’s just that this argument, based on things that are not facts since the 70s, is used to cut social programs, investment in education, infrastructure etc.
When it makes no sense. The gvmt is not gonna go broke from paying its programs. It prints its own money, and all its debt is denominated in dollars.
We SHOULD cut military spending, subsidies to harmful industries, to private prisons, police forces etc. The way the money is spent SHOULD reflect the will of the people more.
But this argument about “revenue” and “public debt” are literally from the mouths of establishment neoliberal ghouls who have no objective other than enriching their friends. It’s not reality and is only used for harm.
It’s just that this argument, based on things that are not facts since the 70s, is used to cut social programs, investment in education, infrastructure etc.
When it makes no sense. The gvmt is not gonna go broke from paying its programs. It prints its own money, and all its debt is denominated in dollars.
We SHOULD cut military spending, subsidies to harmful industries, to private prisons, police forces etc. The way the money is spent SHOULD reflect the will of the people more.
But this argument about “revenue” and “public debt” are literally from the mouths of establishment neoliberal ghouls who have no objective other than enriching their friends. It’s not reality and is only used for harm.