This document discusses how governments can fund large-scale climate action projects through deficit spending and creating money. It argues that the US federal government has historically created money to fund major projects like the New Deal and WWII through deficit spending, not taxation or loans. Similarly, massive investments will be needed to transition away from fossil fuels to stabilize the climate. However, political will and public pressure must drive governments to prioritize climate spending over other interests like national defense. The Climate Mobilization movement aims to organize people around this moral issue and influence politics to achieve the necessary climate investments.

2. TO ACT EFFECTIVELY AND RAPIDLY ON
CLIMATE WE NEED TO BUILD A LOT OF
NEW STRUCTURES/EQUIPMENT THAT
CUT OUR EMISSIONS

3. THE CLIMATE MOBILIZATION, REALIZED, WILL
BE HUGE NATIONAL/INTERNATIONAL
BUILDING PROJECT

4. WHILE THERE WILL BE A LOT OF VOLUNTARY
WORK INSPIRED BY MORAL COMMITMENTS IN
THE ENORMOUS PROJECT TO STABILIZE THE
CLIMATE…

5. TO MOBILIZE LABOR AND MATERIAL
PEOPLE NEED TO BE PAID…

6. MONEY IS EITHER CREATED BY BANKS IN
THE FORM OF LOANS
(THAT NEED TO BE REPAID WITH
INTEREST…BANKS ARE PROFIT-DRIVEN
BUSINESSES)…

7. OR CREATED BY THE US FEDERAL
GOVERNMENT BY SPENDING MONEY
(DOESN’T NEED REPAYMENT…NOT A
BUSINESS)

8. THE NEW DEAL AND WWII MOBILIZATION
WERE PAID FOR WITH FEDERALLY
CREATED MONEY

9. BUT THE FEDERAL GOVERNMENT
ALWAYS HAS CREATED MONEY FOR
PUBLIC PROJECTS AND SERVICES TO
THIS DAY

10. CREATING MONEY TO SPEND IS PART OF
THE DAILY OPERATIONS OF THE
FEDERAL GOVERNMENT

11. THE FEDERAL GOVERNMENT ALSO
TAXES AWAY MONEY (DESTROYING THE
MONEY)

12. THE STATE OF CALIFORNIA AND CITY OF
SACRAMENTO USE TAX DOLLARS TO PAY
FOR PUBLIC SERVICES…FEDERAL
GOVERNMENT CREATES THEM (DOESN’T
PAY ‘USING’ TAXES)

13. BUT HOW AND HOW MUCH
GOVERNMENT SPENDS AND TAXES
MONEY IS ALMOST ENTIRELY
DETERMINED BY POLITICS….
HTTPS://WWW.YOUTUBE.COM/WATCH?V=DNCZHAQNFGU
AND MORALITY

14. (ESPECIALLY AFTER 1971 WHEN THE
GOLD STANDARD WAS ABOLISHED)

15. THIS IS “MODERN
MONEY”…RECOGNIZES THAT MONEY IS
BACKED BY “FULL FAITH AND CREDIT”
OF ISSUER (US FEDERAL GOV’T FOR THE
DOLLAR)

16. IF THERE IS A WAR (NATIONAL DEFENSE)
THERE IS ALWAYS ENOUGH MONEY

17. OUR FEDERAL BUDGET IS A RESULT OF
OUR POLITICS AND MORALITY (VALUING
NATIONAL DEFENSE ABOVE ALL
ELSE/POWERFUL INTEREST GROUPS)

18. A NATION’S SPENDING PRIORITIES
REFLECT OUR MORALITY, WHAT WE
VALUE AND WHICH GROUPS/PEOPLE WE
ALLOW TO RUN OUR GOVERNMENT

19. POPE FRANCIS HAS BEEN A LEADER IN
POINTING OUT OUR MORAL DUTIES TO
PROTECT OUR COMMON HOME

20. TO CHANGE OUR GOVERNMENT
SPENDING WE NEED TO TURN OUR
MORAL VALUES INTO POLITICAL ACTION

21. OUR GOVERNMENT WILL NEED TO
SPEND TRILLIONS OF DOLLARS TO HELP
US KICK OUR FOSSIL FUEL HABIT

22. BUT IT IS JUST A MATTER OF 12 MORE
KEYSTROKES IN A COMPUTER FOR THE
FEDERAL GOVERNMENT TO SPEND
$1,000,000,000,000 VS $1 ON CLIMATE
ACTION
PLUS

23. OUR WILLINGNESS TO ORGANIZE
POLITICALLY BASED ON OUR MORAL
CONVICTIONS ABOUT THE CLIMATE
THREAT

24. THE SPENDING DOESN’T HAPPEN
WITHOUT POLITICAL PRESSURE AND
PUSH-PULL WITH POWERFUL INTERESTS

25. THE CLIMATE MOBILIZATION IS A PLACE
TO PUT THOSE MORAL CONVICTIONS
INTO ACTION

26. PLEDGING TO MOBILIZE IS A FIRST STEP
ALONG A PATH TO PRESSURING
GOVERNMENT TO PROTECT US AND OUR
CHILDREN

27. THE CLIMATE MOBILIZATION IS
DEVELOPING MORE POLITICAL TOOLS
TO TAKE US FURTHER TOWARDS
BUILDING WHAT WE NEED

28. MORE INFO
THE CLIMATE MOBILIZATION:
http://www.theclimatemobilization.org
MODERN MONEY:
http://neweconomicperspectives.org/modern-monetary-theory-primer.html
MY RECENT WRITINGS:
http://neweconomicperspectives.org/category/michael-hoexter
EMAIL:
michael.terraverde@gmail.com