“Printing “ money shows you don’t understand what actually BACKS our Collective Currency, or the difference between Macroeconomics & Microeconomics. Read #TheDeficitMyth!
Apr 29
TOTALLY WRONG! You are applying Microeconomic solutions suitable for Business, Finance, & Household Currency USERS, to the MACROECONOMIC Function, Capacity, & Capabilities of Our Federal Currency ISSUER!
Our Collective Currency IS BACKED by Our Collective Real Resources & Productive Labor Capacity, which are our ONLY Spending CONSTRAINTS! A Public Sector Deficit IS a Private Sector SURPLUS, which is how $’s ENTER the Economy. But WHERE in the Economy & for WHO & WHAT? We need a BALANCED Economy, NOT Budget!
Corporate Rule wants to PRIVATIZE everything, subsidizing Billionaires & the MIC, for Endless 4Profit War, rather than NATION BUILDING, updating & repairing Our Soft & Hard Infrastructure.
This is the SAME Strategy that has allowed China to PEACEFULLY Leapfrog ahead, by AT LEAST 50 years. We haven’t used Massive PUBLIC INVESTMENT since Eisenhower’s Era, when it created Millions of Good JOBS, a Prosperous Middle Class & a Better Quality of Life for all! Read #TheDeficitMyth & listen to Australian Economist @ProfSteveKeen!
Apr 28
When banks lend, they expand the money supply, causing inflation.
When banks slow lending, the creation of money slows too, causing deflation. By manipulating the money supply, banks can control a nation’s economy.
Jump-starting our economy is as easy as cutting taxes, slashing government spending, and dropping trade barriers. Other nations have done it; we can too.
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Apr 29
If only Massie UNDERSTOOD Macroeconomics & that a HUGE Part of his “Debt” badge includes EVERY $ spent into the Economy for Infrastructure, Wages, etc., since the inception of the Nation. Privately, it is our Homes, Savings, & Businesses. Many (SANE) Heterodox Economists say it should be called an ASSET Clock!
A Public Sector Deficit IS a Private Sector SURPLUS, but WHERE in the Economy, & for WHO & WHAT? Our last Massive PUBLIC INVESTMENT in Soft & Hard Infrastructure was during Eisenhower’s Era! THAT created Millions of Good Jobs, Created a Prosperous Middle Class, & a Better Quality of Life for ALL. That is what Made America Great!
It is the SAME Strategy China has PEACEFULLY used to LEAPFROG ahead of the West, by AT LEAST 50 Years, creating the now #1 Worlds Infrastructure! Our Spending in the Foreign Sector & PRIVATE Debt are the problem. Our Spending CONSTRAINTS within the USA are Our Collective Real Resources & Productive Labor Capacity, whether you are Birthing Future Citizens or Digital Widgests! Taxes ONLY Fund State & City Governments, who are Currency USERS, just like Businesses & Households!
Read the extremely erudite Textbook, MACROECONOMICS, by Mitchell, Wray, & Watts or the Layman’s Book by Dr. Stephanie Kelton, #TheDeficitMyth, or the Layman’s book & Videos by Australian Economist @ProfSteveKeen ! Be happy to recommend others!
Apr 20
3 years ago I invented this debt badge and began wearing it everyday in Congress to bring attention to our spending problem.
This is serial #001. I made the case from copper roof flashing I had in my basement. Sadly it was $31 trillion then, but now it’s $39 trillion!
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Apr 28
A Public Sector Deficit IS a Private Sector SURPLUS, which is how $’s enter the economy, but WHERE, & for WHO & WHAT. AUSTERITY Policies recommends the OPPOSITE, creating a MONEY FAMINE & Depression! Read #TheDeficitMyth!
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#LIE! > A Public Sector DEFICIT IS a Private Sector SURPLUS!HOW do you think money gets INTO the Economy? This is the Billionaires SPOOF! They know the Macroeconomic CONSTRAINTS of OUR Collective Currency ISSUER, are DIFFERENT than the Microeconomic CONSTRAINTS of a Currency USER! Billionaires push Austerity Policies to Suppress Worker Power!
Our Spending CONSTRAINTS are Our Collective Real Resources & Productive Capacity. But it is important WHERE the $ goes & for WHO & WHAT! We need a BALANCED Economy m NOT Budget! Read #TheDeficitMyth & listen to Australian Economist & friends, @ProfSteveKeen!
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It would be a better article if you understood Macroeconomics & what the “Deficit” actually includes. Dollars & Treasury Bonds are CALLED Debt Instruments & any in your Savings Account are included in “the Debt”. Also included is every $ of Public Investment that has gone towards building our Infrastructure, & the earnings we used to buy our Homes, Businesses, & other Assets.To intimate this must be “paid back” is Ludicrous!
A Public Sector Deficit IS a Private Sector SURPLUS, but WHERE in the Economy, & for WHO & WHAT! Is it toward Nation Building, Capitalist Hoarding, or did it go to the Foreign Sector, which is another Issue? We need a BALANCED Economy, NOT Budget, or no one would HAVE any money.
The LACK of PUBLIC INVESTMENT in our Soft & Hard Infrastructure is WHY we are almost 50 Years behind China & WHY we have a Money Famine on Main Street & and 2nd Gilded Age on Wall Street! Read #TheDeficitMyth by Dr. Kelton @StephanieKelton & listen to Australian Economist @ProfSteveKeen !
And here is my 2025 @Reason video on the Limits of Taxing the Rich. reason.com/video/2025/09/09/…
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Mar 17
Austrian economics is MICROECONOMICS, suitable for Business & Finance, where Balanced Budgets are necessary, NOT the MACROECONOMIC understanding for BALANCING the ECONOMY of a NATION! Learn the Difference! Read #TheDeficitMyth & Listen to Australian economist, @ProfSteveKeen & his featured economists!
Mar 17
The brain damage caused by Austrian economics
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@nickferrari @lbc you say JM Keynes was a great man. Yet you espouse vulture capitalism in the form of Thatcherism. Did you properly study Keynesian economics? Perhaps a refresher course is needed, and reading a few more books, eg The Deficit Myth #thedeficitmyth
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Feb 23
Not exactly! You are a TOOL 4 the Oligarchs, when you don’t understand Macroeconomics. Too tired to begin to explain to you why we need a BALANCED Economy, NOT Budget, how a Public Sector DEFICIT IS a Private Sector SURPLUS, but WHERE in the Economy & for WHO & WHAT! Read #TheDeficitMyth & listen 2 Australian Economist @ProfSteveKeen! QUIT PARROTING BS SPIN!
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Feb 23
You are a TOOL 4 the Oligarchs, when you don’t understand Macroeconomics. Too tired to begin to explain to you why we need a BALANCED Economy, NOT Budget, how a Public Sector DEFICIT IS a Private Sector SURPLUS, but WHERE in the Economy & for WHO & WHAT! Read #TheDeficitMyth & listen 2 Australian Economist @ProfSteveKeen! QUIT PARROTING BS SPIN!
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Feb 23
You are a TOOL 4 the Oligarchs, when you don’t understand Macroeconomics. Too tired to begin to explain to you why we need a BALANCED Economy, NOT Budget, how a Public Sector DEFICIT IS a Private Sector SURPLUS, but WHERE in the Economy & for WHO & WHAT! Read #TheDeficitMyth & listen 2 Australian Economist @ProfSteveKeen! QUIT PARROTING BS SPIN!
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Feb 22
People REALLY need to learn Macroeconomics! We need a Balanced Economy, NOT Budget, as a Currency ISSUER. Taxes ONLY Fund State & City Gov’ts who are Currency USERS, just like Businesses & Households!
A Public Sector Deficit IS a Private Sector SURPLUS, but WHERE in the Economy & for WHO & WHAT? If they were REALLY worried they would close the 800 Military Bases & bring Soldiers home to work on our Crumbling Infrastructure & STOP the ILLEGAL WARS for Israel! Read #TheDeficitMyth & listen to Australian economist @ProfSteveKeen
Feb 21
Dr Oz: "If we could get the average American.. to start working a year earlier, right out of high school, or a year later,, not retire... it would generate about $3 trillion to the US economy. That would more than remove the debt."
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Feb 22
If people retired EARLIER, like in China, it would be good for Unemployment, the Retiree, & the Employer, who could hire at starting salaries. This all SPIN about the National Debt anyway.
People REALLY need to learn Macroeconomics! We need a Balanced Economy, NOT Budget, as a Currency ISSUER. Taxes ONLY Fund State & City Gov’ts who are Currency USERS, just like Businesses & Households!
A Public Sector Deficit IS a Private Sector SURPLUS, but WHERE in the Economy & for WHO & WHAT? If they were REALLY worried they would close the 800 Military Bases & bring Soldiers home to work on our Crumbling Infrastructure & STOP the ILLEGAL WARS for Israel! Read #TheDeficitMyth & listen to Australian economist @ProfSteveKeen
youtu.be/KOEd1PXhfWQ?si=pFUV…
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Feb 17
Time to listen to the Heterodox economists, instead of the Finance Sector, & repeating the same mistakes over & over! Learn Macroeconomics & STOP the Neoliberal SPIN! Read #TheDeficitMyth & listen to people like Australian Economist, @ProfSteveKeen
youtu.be/KOEd1PXhfWQ?si=THQb…
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Feb 14
Nope. Tiny impact. Learn Macroeconomics & STOP the SPIN! Read Dr. Kelton’s International Bestseller #TheDeficitMyth & listen to Australian Economist @ProfSteveKeen
youtu.be/KOEd1PXhfWQ?si=xwfY…
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Feb 14
There is NO REASON for this. If you understand Macroeconomics, PUBLIC INVESTMENT in Soft & Hard Infrastructure would alleviate the MONEY FAMINE on Main Street & help Grease the Wheels of our Economy! The Oligarchs #PowellMemos DEREGULATED us BACK to a Great Depression Economy! > We need a NEW, New Deal! Read #TheDeficitMyth & listen to Australian Economist @ProfSteveKeen !
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Feb 14
There is NO REASON for this. If you understand Macroeconomics, raising Social Security would alleviate the MONEY FAMINE on Main Street & help Grease the Wheels of our Economy! The Oligarchs #PowellMemos DEREGULATED us BACK to a Great Depression Economy We need a NEW, New Deal! Read #TheDeficitMyth & listen to Australian Economist @ProfSteveKeen !
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Feb 10
Learn the DIFFERENCE in Macroeconomics & Microeconomics! Read #TheDeficitMyth! & listen to Australian economist @ProfSteveKeen
So why do politicians keep talking about the debt like it's a household credit card?
Because it justifies cutting public services. Every time you hear "we can't afford it," ask yourself: who benefits from you believing that?
Full article: mmtuk.org/education/articles…
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Feb 10
It is PRIVATE Debt & Foreign Sector Debt that is the problem! We could turn the economy & around & fulfill Trumps promise of bringing back manufacturing by Massive PUBLIC INVESTMENT in Our Soft & Hard Infrastructure, something not seen since Eisenhower’s Era!
This is EXACTLY how China has taken the lead. They invested in their Nation (WE THE PEOPLE can’t get), rather the 4Profit Wars for Zio Billionaires & Israel!
People need to learn Macroeconomics! WITHIN the Nation, a Public Sector Deficit IS a Private Sector SURPLUS, but WHERE in the Economy, & for WHO & WHAT? We need a Balanced Economy, NOT Budget! Read Kelton’s International Bestseller #TheDeficitMyth & listen to Australian economist @ProfSteveKeen!
Feb 10
The 2026 U.S. Treasury "Maturity Wall" Approaches: Who Is the Market Paying For?
America: One Nation Under Debt
As @Potus terrorizes planet earth and its people with bombs, threats of bombs, sanctions and tariffs, he continues to deficit spend like a madman. However, a huge problem exists that nobody wants to talk about.
Pay Attention Folks because the shit is getting REAL; this is why Trump will replace the Chairman of the Federal Reserve with a handpicked crony who will reduce rates to zero or close to zero. Inflation will massively accelerate.
"The US faces a significant "maturity wall" in 2026, with approximately $10 trillion in Treasury debt coming due—nearly 70% of which is short-term T-Bills. This massive refinancing need, equivalent to the total maturities from 2008-2010, poses a structural challenge. A key concern is the refinancing of low-coupon bonds (∼1%) issued during the low-rate era of 2021-2023 at potentially much higher market rates (∼4% ). The Congressional Budget Office (CBO) projects net interest costs could reach $1.12 trillion in 2026, surpassing defense spending. The government faces a "impossible trilemma," struggling to simultaneously avoid a fiscal crisis, raise taxes significantly, and allow market-determined interest rates. Market pricing currently assumes no major tax hikes and no crisis, pushing pressure onto higher long-term yields. This could elevate the 10-year yield toward 5.5%...."
htx.com/news/Research &…
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The BIGGEST LIE we STILL BELIEVE! Learn Macroeconomics! How many of you have currency printing presses in your home? Our Collective Currency IS BACKED by Our Collective Real Resources & Our Productive Labor Capacity, which is WHY Socialist Countries NATIONALIZE their Banks & Certain Resources, a THREAT to the CAPITALISTS! Don’t want to start sharing OUR Wealth! Read #TheDeficitMyth!
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