Saturday, January 20, 2018

Defunding Social Security...Is it really necessary?

Dear public servants,

The unseemly rush to de-fund Social Security remains a priority only for plutocrats. The truth is that government can never run out of money. That's right, it's not funded by taxes or borrowing. Where would taxpayers get the dollars to pay taxes with if government didn't spend them into the economy first?

So increasing Social Security benefits while eliminating the payroll tax would not only be possible, it would be helpful. 

And for those of you concerned about inflation: It's theoretically possible for government, with its infinite dollar resources, to bid up prices competing for finite goods and services. But who else is bidding for the unemployed? Or for the slack in the manufacturing sector?

While Europe continues to demonstrate the bankruptcy of austerity as an economic strategy, I urge you not to follow suit, and buy the fraud that we're "running out of money." 

If that's too obscure, just ask yourselves where all this "fiscal responsibility" was when wars and bank bailouts were the issues. Saying we're "running out of money" when social safety nets are the topic is simply shameful.

For more information, please take a look at this.

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