The legacy use of the word “debt” misleads people into thinking it is “debt.” It is not.

Call It “National Money” Not “National Debt”
https://seeingtheforest.com/call-it-national-money-not-national-debt/

#MMT #nationaldebt

#Republicans call out #Biden's liberal "work-from-home" arrangements, sell #UnusedSpace to pay for ballooning #NationalDebt

https://www.naturalnews.com/2023-09-11-republicans-suggested-selling-unused-space-if-wfh-continues.html

All the beggars wanting to leech the taxpayer after a great tournament by the #matildas make our nation look idiotic.

Women's #football needs investment? Take it from the AIS or basketball — don't increase demands on the taxpayer, their children and their grandchildren. Times are hard enough already for bad fiscal policy.

#soccer #australia #fifawwc #womensfootball #nationaldebt #rort #taxisextortion #taxistheft

@Snoro

Well, for one thing, if each government stubbornly insists on avoiding the application of MMT we'll be in big trouble, I think. I'm neither expert in nor a regular evangelist for MMT, but I have been gradually persuaded that its advocates are speaking sense and that monetary availability is better controllable than we're letting it be. There are thongs that must be done and done now, not later, so even if we have to print money to do them, that's what we need to do.

The REAL problem seems to me to be the fatalistic theory that markets are smarter than people and must be left to themselves, that the mythical Unseen Hand never fails. Sometimes timelines matter, and during Covid capitalism did (pardon use of technical term) crap to help. Gloves, lysol, tests, toilet paper were all in short supply because the Unseen Hand of the unfettered free market just was not interested.

Since I doubt the feasability of replacing capitalism wholesale, even as I recognize it as a key part of the problem, a change to stakeholder capitalism is essential so that corporate leaders can make decisions in the interest of entities other than The Almighty Shareholders, and be graded on such. Under stakeholder theory, entities like the general public and the environment, including a habitable climate, start to matter again.

Meanwhile, any focus on debt is a potentially very bad thing just now. Monetary availability for spending on necessary climate issues is key, to the point that they could and likely should block out all else society does for a while if the public really understood the threat. Avoiding a climate disaster needs to be humanity's key buskness just now if we don't want disaster recovery and, frankly, just plain death to be humanity's key business soon.

It is as if the people we trust to tell us what is right are comfortable with the preposterous notion that if we get debt in order but fail to prevent climate change's rapid onset, all will be well, and if we get climate under control but are left with debt, that's a disaster. That cannot be allowed to stand.

I know Mastodon readers are globally distributed, but speaking from a US-centric point of view for just a moment, since national debt here infects many conversations, I have to think the world will much more easily forgive us some debt if we stop destroying the climate than they will praise us for tightening our debt position at the expense of human civilization being laid to waste. And the choice is just that stark.

(Also, don't even get me started on "growth" as an economic metric of health. If we don't figure out a way to measure health sime other way, that alone will be the siren call leading us to foul our finite nest. We must come up with ways to measure, target and enforce sustainability and to seriously, even criminally, penalize exploitation of externalities for profit.)

#environment #capitalism #climate #NationalDebt #MMT #StakeholderTheory #StakeholderCapitalism #economy #EnvironmentalJustice #Degrowth #sustainability #debt #ClimateCollapse #ClimateCatastrophe #Extinction

US gov’t debt downgraded — Huge news for Bitcoin? - Cointelegraph analyst and writer Marcel Pechman explains why the ... - https://cointelegraph.com/news/us-govt-debt-downgraded-huge-news-for-bitcoin #cryptocurrencies #marketanalysis #priceanalysis #bitcoinprice #usgovernment #nationaldebt #europe

As the #GovernmentDebt continues to increase, #governmentspending remains out of control #NationalDebt

https://newstarget.com/2023-08-03-us-debt-soared-since-ceiling-suspension.html

As the #GovernmentDebt continues to increase, #governmentspending remains out of control #NationalDebt

https://www.naturalnews.com/2023-08-03-us-debt-soared-since-ceiling-suspension.html

‘Bidenomics’ Agenda Struggles to Gain Support as Joe Biden’s Approval Ratings Plummet - Over the past week, U.S. president Joe Biden has been engaged in discussions regar... - https://news.bitcoin.com/bidenomics-agenda-struggles-to-gain-support-as-joe-bidens-approval-ratings-plummet/ #realclearpoliticspoll #economicchallenges #reelectioncampaign #publicinvestment #approvalrating #economicagenda #americandream #u.s.president #fourthofjuly #nationaldebt #rollcall.com #trickle-down

Repealing the Inflation Reduction Act would drive the economy into a ditch

https://thehill.com/opinion/congress-blog/4056083-repealing-the-inflation-reduction-act-would-drive-the-economy-into-a-ditch/

#TheHill #InflationReductionAct #EconomicPolicy #FiscalResponsibility #GovernmentRegulation #NationalDebt #Politics #News

#NationalDebt hits record-high $32 trillion two weeks after suspension of #debtceiling #DebtBomb #NationalDebt

https://www.naturalnews.com/2023-06-21-national-debt-hits-record-high-32-trillion.html

Normal Island News

The national debt reaches 100% of GDP thanks to the Tories
This utterly validates austerity
The national debt has reached 100% of GDP for the first time since before Rishi Sunak was born, however, the prime minister assures us that money has been spent on the most important causes, such as crony contracts for Tory donors.

https://open.substack.com/pub/normalislandnews/p/the-national-debt-reaches-100-of?r=12u3ju&utm_campaign=post&utm_medium=email

#NormalIslandNews #NationalDebt #ToryCorruption

What is it they say about tories and the economy? The highest #NationalDebt since 1961, the highest levels of #poverty since 1998 (i.e. at the end of the tory Thatcher/Major years), trade levels at their worst since records began.

Anyone who thinks the tories are the solution to the economy in 2023 needs to get real.

https://nation.cymru/news/uk-debt-exceeds-100-of-gdp-for-first-time-since-1961-ons/

Remember the infamous note that labour left saying there was no money left?

We now have £1.5 trillion less than that.

#nationaldebt

Six charts that show how low corporate tax revenues are in the United States

Low levels of federal revenues from corporate income taxes add to the growing national debt.

https://www.pgpf.org/blog/2023/04/six-charts-that-show-how-low-corporate-tax-revenues-are-in-the-united-states-right-now #taxes #Democrats #GOP #Republicans #NationalDebt #DebtCeiling #TaxReform

De-dollarization: Is it really happening? - In our latest Cointelegraph Report, we analyze the causes leading... - https://cointelegraph.com/news/de-dollarization-is-it-really-happening #reservebankofindia #federalreserve #europeanunion #unitedstates #transactions #nationaldebt #centralbank #dollar #euro #yuan #yen

Russian Finance Minister Talks Dollar Attack on Russia, Importance of Developing Alternatives for Settlements - Russian Finance Minister Anton Siluanov has given his opinion on the perceived att... - https://news.bitcoin.com/russian-finance-minister-talks-dollar-attack-on-russia-importance-of-developing-alternatives-for-settlements/ #nationalcurrencies #de-dollarization #antonsiluanov #nationaldebt #chineseyuan #iranianrial #economics #dollar #rubles #russia #china #japan

A quick look at the debt ceiling "compromise" bill that President Biden signed over the weekend.
#debtceiling #disinformation #joebiden #mmt #nationaldebt

https://johnhenry.us/blog/2023/06/05/morning-message-1-12/

Amazing what Congress can get done when pressured by the people they represent.

THEIR DONORS.

Make no mistake. The rich were about to lose a sh$$-ton of money.

#DebtCeiling #DebtCeiling Deal #NationalDebt #JoeBiden #JanetYellen #ChuckSchumer #Debt #DebtDeal #June5 #USTreasury #USPolitics #Congress

Economist Peter Schiff Warns of US Dollar Crisis and ‘Catastrophic End’ — National Debt Will ‘Spiral out of Control’ - Economist Peter Schiff has warned of an impending U.S. dollar crisis. He predicted... - https://news.bitcoin.com/economist-peter-schiff-warns-of-us-dollar-crisis-and-catastrophic-end-national-debt-will-spiral-out-of-control/ #peterschiffdollarcrisis #debtceilingdeal #fakedebtcrisis #usdollarcrisis #dollarcrisis #nationaldebt #peterschiff #debtcrisis #economics #usdefault

Sanders to vote against debt bill, says Biden should invoke 14th Amendment

https://thehill.com/homenews/senate/4028921-sanders-to-vote-against-debt-bill-says-biden-should-invoke-14th-amendment/

#TheHill #SandersDebtBillVote #Biden14thAmendment #NationalDebt #SenateVote #USPolitics #Politics #News