MMP Blog #23 Responses
Comments and responses on the Modern Money Primer Part 23.
We should not be fooled by such self-imposed constraints. We should be able to see through them to understand that since they are imposed by government on itself, they can be removed.
As this current installment of the debt ceiling franchise draws to an unsatisfactory close — let us vow to make this our last debt ceiling showdown.
Sadly, just like a hostage held captive for too long, much of the general public has bought into fundamentally flawed ideas.
If you’ve been watching the news, you’ll have noticed that the narrative of the moment is the debt ceiling. From the mainstream media to the independent, media outlets are discussing the debt ceiling using the exact same status quo narrative of “federal taxes fund federal spending”. Federal taxes do not fund federal spending. Congressional appropriations …
The debt ceiling was a common point of contention during the Obama Administration, and has served as an opportunity for political opposition to leverage for political gain.