Frank Lukacovic
1 min readAug 4, 2020

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This is all a made-up story to scare Americans into voting against their interests. We have a fiat money system and cannot run out of dollars to pay our debts.

The problem with our debt and deficits is that they haven’t been put to good use. Giving billionaires and giant corporations additional tax cuts was a bad deal, when we could’ve done things such as cancel student debt, invest more in education and infrastructure, or build better housing. Those real investments achieve real results in people’s lives. Tax cuts do nothing but increase inequality and allow politicans like you to threaten cuts to Social Security and Medicare.

The National Debt isn’t actually a problem and let’s stop pretending it is. There is absolutely no evidence for it except just pointing out it’s a large number.

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Frank Lukacovic
Frank Lukacovic

Written by Frank Lukacovic

M.A. in Applied Economics. I'm here to talk about economics, politics, and life. Follow me here and on Twitter @BagsFoSho

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