We Americans are accustomed to puffing out our chests and claiming that we are the greatest nation on earth. We probably have the greatest fighting force (or did until Trump appointed a clown to lead it), but otherwise we have fallen far from the top.
(And please no smart-ass “Love it or leave it” comments. If that’s your best, you are a FOX News viewer without the intelligence or honesty to understand facts. So stop reading now, and get the rest of your information from Donald Trump.)
Here is an example of the greatest nation on earth:
By Sriparna Roy. March 12, 202612:03 AM EDT Updated March 13, 2026
Unlike state and local governments, the U.S. federal government never can run short of dollars. Even if it stopped collecting taxes, while tripling its spending, it still would not run short of money.
March 12 (Reuters) – Roughly one-third of Americans cut back on food, utilities or other daily expenses to pay for healthcare last year, research from the West Health-Gallup Center showed on Thursday, as steeper prices and rising living costs hit households.
A nationally and state-representative survey of nearly 20,000 U.S. adults in all 50 states and in the District of Columbia, conducted from June to August 2025, found that 33% of respondents had made at least one trade-off in daily expenses to pay for healthcare.
This was far more common among Americans who do not have health insurance, with 62% of those surveyed saying they have made at least one sacrifice to pay for healthcare, including 32% who had to borrow money and 24% who had prolonged their current medication.
Among those with insurance, close to three in 10 have made at least one sacrifice, the survey found.
Most Americans with private health insurance are paying higher premiums and steeper out-of-pocket costs in 2026, including millions of people in the government-subsidized Affordable Care Act plans in which extra COVID pandemic-era subsidies have expired.
One-third of Americans had to cut back on food, utilities, or daily expenses to pay for healthcare? The greatest nation on earth??
Hah. Gimme a break.
It’s not that the “greatest nation on earth” can’tafford healthcare. It’s simply that the right-wing government of the greatest nation on earth doesn’t want to pay for it because …uh…it would benefit the poor, whom everyone knows are lazy, good-for-nothings who want everything free. Right?
Oh, and then there’s the right-wing excuse that aiding the poor is “Socialism” while aiding the rich (via tax dodges) is good old capitalism.
Here is what some capitalists say about that:
Fed Chair Greenspan
Former Federal Reserve Chairman Alan Greenspan: “A government cannot become insolvent with respect to obligations in its own currency. There is nothing to prevent the federal government from creating as much money as it wants and paying it to somebody. The United States can pay any debt it has because we can always print the money to do that.”
Fed Chair BernankeFed Chair Beardsley Rummel
Ben Bernanke: “The U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost. It’s not tax money… We simply use the computer to mark up the size of the account.
Former Federal Reserve Chairman Beardsley Ruml: “The necessity for a government to tax in order to maintain both its independence and its solvency is true for state and local governments, but it is not true for a national government. The public purpose which is served should never be obscured in a tax program under the mask of raising revenue.”
Federel Reserve Chairman Jerome Powell stated, “As a central bank, we have the ability to create money digitally.
Former Secretary of the Treasury Paul O’Neill
Statement from the St. Louis Fed: “As the sole manufacturer of dollars, whose debt is denominated in dollars, the U.S. government can never become insolvent, i.e., unable to pay its bills. In this sense, the government is not dependent on credit markets to remain operational.” You can find it in their publication titled “Why Health Care Matters and the Current Debt Does Not”
Former Secretary of the Treasury Paul O’Neill: “I come to you as a managing trustee of Social Security. Today we have no assets in the trust fund. We have promises of the good faith and credit of the United States government that benefits will flow.”
Former President of the ECB and Prime Minister of Italy Marie Draghi
The European Central Bank (ECB), like the U.S. government, is Monetarily Sovereign. Press Conference: Mario Draghi, President of the ECB, 9 January 2014 Question: I am wondering: can the ECB ever run out of money? Mario Draghi: Technically, no. We cannot run out of money.
Paul Krugman, an award-winning economist
Paul Krugman (Nobel Prize–winning economist): “The U.S. government is not like a household. It literally prints money, and it can’t run out.” — Numerous op-eds/blog posts
Hyman Minsky (Economist, key influence on MMT) “The government can always finance its spending by creating money.”
Eric Tymoigne (Economist) “A sovereign government does not need to collect taxes or issue bonds to finance spending. It finances directly through money creation.”
Yes, though the compulsive liars of FOX News may disagree, true experts will tell you that the U.S. government has the unlimited capacity to finance healthcare insurance for every man, woman, and child in America, while still having sufficient funds for any future wars that Presidents may initiate to distract voters from the latest scandals.
Then, in a last-ditch effort to take dollars from the pockets of the poor, the right wing will falsely claim that “too much” federal spending causes inflation. (“too much” is any amount that helps the poor but doesn’t enrich the President’s family).
You will notice that there always is enough money to start wars and to prosecute enemies. As this is being written, the Conservatives request an additional $200 billion to fight an unnecessary war, which will subsequently require billions more to replenish our depleted munitions.
Those brave fighters won’t be deterred by the loss of human life or myths about inflation.
The next time you are forced to choose between paying for health care vs. food, clothing, or school for your kids, do remember to thank the Republican Party and President Trump, and name another street after him.
#Monetary Sovereignty - Mitchell 