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#MMT #SinglePayer #SSI The orthodox, mainstream understanding of federal spending is that the Federal Government has to tax and borrow to raise funds to use as cash to spend. Just like a household has to ‘earn’ what it spends and the rest has to go on a credit card.

This is just another way of saying “you’re still the one that pays, you’re just putting off that payment, with interest”, most people believe the Federal Government acts in the same way; that is has, and must obey, the same financial rules and restrictions as the rest of us. 2/