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View Diary: Politico's new myth: It's never easy for House GOP to raise debt ceiling (42 comments)

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  •  Brother John (0+ / 0-)

    Please stop perpetuating the myth the US Govt is like a household....namely, like all other USERS of a currency, the Govt needs to 'borrow or tax' in order to get money to spend.
    This is fundamentally wrong.  The Gold standard has been over since 1971, the Govt creates the US dollar.  The US Govt is a currency ISSUER.  Its time that you stop helping the right wing by parroting their talking points about the US Govt being 'in debt"

    MMT = Reality
    neweconomicperspectives.org
    http://mythfighter.com/...

    "The Earth is my country and Science my religion" Christiaan Huygens

    by Auburn Parks on Tue May 07, 2013 at 05:16:25 AM PDT

    [ Parent ]

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