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Sen Brian Schatz: Don't play the "pay-for" game

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  • Strongly Liberal Democrat
    Democrat
    Dallas, TX
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    Sen. Brian Schatz (D-HI) has introduced an innovative debt-free college healthcare plan that represents a healthy compromise between the Hillary and Bernie plans. And he's not going to tell you how he's going to pay for it because that's a bullshit argument. The Congress can always find the funds to spend for war and for tax cuts for rich people, but when it comes time to do the progressive things government suddenly it has to raise revenue or cut other spending? Clearly, that's not the case. So Schatz is discussing some Modern Monetary Theory concepts without mentioning MMT or even being aware of it. The funds to pay taxes and buy government securities come from government spending/lending, which explains what we have learned by default thru experience with this government and monetary economy.

    vox.com/policy-and-politics/2018/3/20/1...