Friday, April 13, 2018

Jeff Epstein — The True, Accurate, And Only Answer To “How *Exactly* Will We Pay For Medicare For All?”

So, how exactly do we “pay for” Medicare for All?
The same way that we just “paid for” $700,000,000,000 for a single year of military funding.
The same way that we just “paid for” $1,500,000,000,000 in tax cuts for the wealthy.
The same way that we “paid for” a $1,300,000,000,000 fighter jet in 2016.
The same way that the United States has always “paid for” all of the fantastically-expensive things that benefit the powerful: Immediately and without discussion. Because they want it.…
Quotes Stephanie Kelton, but selects a quote that doesn't give the actual answer — credit bank accounts as the currency issuer.

Without making the distinction between the currency issuer and currency users, the question cannot be answered properly in terms of what occurs operationally.

Fail. Well, OK. It's step forward, albeit a small one. Let's give it a "D" instead of an "F."

Citzens' Media TV
editorial by Jeff Epstein, Editor-in-Chief of Citizens’ Media TV
ht Yves Smith at Naked Captialism

1 comment:

db68 said...

and also lower the retirement age to 60.