this post was submitted on 05 Nov 2023
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Leftism

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[–] rockSlayer@lemmy.world 10 points 2 years ago* (last edited 2 years ago) (1 children)

I recommend you read about Modern Monetary Theory. The US has Monetary Sovereignty in a fiat currency, and therefore is not limited by taxation when it comes to federal funding. Instead, the US is limited by the real economy, which is worth trillions of dollars more than the federal budget. If the federal government stopped with the federal budget and just spent on the real economy, it wouldn't impact inflation in any way. We do this already with the military, like outspending the USSR on military tech for a decade, sending hundreds of billions of dollars worth of equipment to Ukraine, and spending billions to support Israel's genocide.

[–] abraxas@sh.itjust.works 0 points 2 years ago

I'm guessing facts won't work here. The "consequences" he's laughing about are a consistent >100% ROI on welfare. He's laughing because he's proud conservatives are hurting the economy (and even their own bank accounts!) by hurting the poor, either out of willful ignorance or willful malice.