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Patrick's avatar

I have to disagree with your take on Paul Ryan's expression. He had no clue what Alan Greenspan said, and was trying to cover that up to protect his "financial-adult-in-the-room" persona which was his stock in trade.

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James E Keenan's avatar

I await your discussion of Sen. Sanders' Social Security Expansion Act with considerable trepidation.

The summary to which you link suggests that Sanders believes the Federal government must amass funds through taxation (here, payroll taxes on a higher share of income for high-paid salary earners) before it can spend (on Old Age Survivors). Clearly, from an MMT perspective we believe this to be incorrect. Tax the rich for greater social equality? Yes! But tax the rich to restore Social Security's "solvency"? That's letting Lindsay Graham and his ilk define the field of battle.

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