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Real Progressives is a registered 501 (c)3 non-profit organization dedicated to educating all in economic, environmental, democratic and equality issues through independent media, policies and activism.
Welcome to RP
A few words of welcome and a call to action from the Founder and CEO of Real Progressives, Steve Grumbine.
And…the official announcement of Real Progress in Action, our sister company!
Why are we here?
To help educate people in the basics of macroeconomics and how we are affected by it every single day.
Here are some simple facts to get started:
The US Dollar is a tax credit.
It is a unit of measure.
You can’t run out of inches.
You can’t run out of numbers.
The government can’t run out of dollars…
unless it purposely, politically chooses to.
Since the US Dollar is a mere tax credit and a unit of measure, it is neither precious nor permanent.
A dollar is an IOU.
When it is spent into existence a debt is born.
When it is taxed out of existence a debt is washed away.
All money is debt.
So reducing the national debt means reducing the national money supply.
Dollars are not reused.
A dollar is spent once into existence.
It circulates within the economy.
Is destroyed once it is returned as a tax.
More precisely, it drains reserves at the Fed and is destroyed.
There is *NO* PRINTING MONEY!!!!
Congressional spending is simply marking up accounts and taxation is marking them down.
Dollars are constantly created and constantly destroyed daily.
There is no such thing as paying for programs.
The government neither has nor doesn’t have dollars.
Why are we always talking about reducing the deficit or lowering the debt?
The National Debt is merely: wait for it…
The sum total, to the penny, of every untaxed dollar in existence since the start of the nation.
Weaponizing knowledge, one mind at a time.
Visit our seven focused Knowledge Areas.