• ☆ Yσɠƚԋσʂ ☆@lemmy.mlOPM
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    6 months ago

    They can, but the issue is that increasingly larger portion of the budget is allocated to debt payments reducing overall operating budget.

        • CptKrkIsClmbngThMntn [any]@hexbear.net
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          6 months ago

          This is a bit tangential, but a part of me is pleased that leftists and Marxists are adopting some of these basic chartalist monetary principles. When I dove into the MMT world for a brief period a few years ago, my basic takeaway was that their analysis of the state and money isn’t far off the mark, but they have a severely underdeveloped class consciousness. The end call to action - at least from the liberal voices within that ideological space - was always “well if we educate people about all this, then they can go vote harder, and we can finally have funding for healthcare and education”