The US political system is an #Oligarchy. Congress/Treasury/Fed/BigBusiness are integral parts of it. The #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, growing #PublicDebt is an existential necessity. Lifting the #DebtCeiling serves self-preservation. pic.twitter.com/tBktt7KXro
— E.K-H (@AXECorg) April 27, 2023
Related Links on Austerity
***
Twitter/X Dec 29, 2023