“Progressive superstar Rep. Alexandria Ocasio-Cortez (D-NY) has an extensive shopping list for the American taxpayer:
Free College Tuition for All: $70 billion a year.
Guaranteed Employment for All: $400 billion a year.
Green “New Deal:” $600 billion a year.
And of course, Medicare for All: $3.2 trillion a year.
Add it all together and it’s around $4 trillion in new spending per year. That’s nearly equal to the entire federal budget, which is already running a deficit approaching $1 trillion. Double our spending and you could easily wind up with $5 trillion in deficits. How to pay for all that debt?
You don’t. You just print more money and let the debt ride.
That’s the thinking of advocates of Modern Monetary Theory (MMT), an economic approach embraced by Rep. Ocasio-Cortez and a growing group of American progressives.”