How MMT Theorists See Obama's Speech
My fellow New Yorkers,
I have a proposal to help our retired NYC workers that you can all pass, and it will be fully paid for.
I propose that all retired NYC workers be given 20 subway tokens per month so that they can better afford to ride the trains.
And to pay for this program, I propose that for every 10 subway tokens we collect at the turnstiles, one token will be set aside to be given to the retirees.
Yes, I know we have a long term token deficit problem, as each year we issue many more tokens than we collect. And as you know, we have established a committee to deal with this by Thanksgiving.
But, as I said, this program will be fully paid for, with tokens set aside as we collect them…