The growing split between progressives and party leaders on deficit spending could define the party’s future.

Once people figure out exactly how money works – that when the government spends more than it takes back in taxes, that extra money goes to you and I. When the government balances the budget it does NOTHING to help the economy because it takes back exactly what it spends! When the government has a surplus, it destroys the private sector, us, because it sucks money out of our savings accounts.

Most of us have an understanding of how money works backwards from how it actually works. Until we realize that, we are all doomed to live in an economy that is “wrecked for a generation” as it currently is and has been for about a generation.

Source: As the progressive push for big spending grows, so does the Democratic divide on the deficit

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