Helping Progressives Learn How To Finance a Green New Deal

I am new to Steemit but not new to helping progressives understand federal finance. For too long, we have believed that the federal government's budget is like ours. I'll show you that it isn't true.

Firstly, to understand this you need to understand that the federal government is monetarily sovereign. That means two things: the federal government, through the Treasury and Federal Reserve, is the monopoly issuer of the US dollar. No other entity can create dollars without penalty. Also, it cannot borrow its own currency because it can create it ad hoc. This means there are no worries about China lending us money because they only can acquire it from us.

Next, we need to understand the gridlock we see in Washington is due to political reasons. The two party system is a joke to distract is from the fact that plutocrats are the ones that actually run the show. This is proven by noticing where both Democrats and Republicans get funding from. The same corporations donate to both parties. They argue over the small points while agreeing on the things that keep the pockets of the elite full, then lobby for support from the divided public to disguise their true intent.

Now that we have defined what we can do and the main reason we aren't, let's get to what we can do. Using the power of our sovereign currency, we can accomplish all of the goals that a Green New Deal entails. Universal healthcare, a jobs guarantee, paid maternity/paternity leave, etc. are easily obtainable. Instead of getting caught up on the two party system idiocy; instead, work to understand federal financing and how it can get is to where we need to be.