Like the patriots in 1776, we are gathered here tonight at a time of peril. Where their fight was to overthrow monarchy, ours is to save democracy. And the way we do that is by getting more people to identify as Democrats, and more to vote Democratic. And to do that we must state our identity. What is a Democrat? What do we all agree with?
The federal government creates U.S. dollars, and is the only entity that can do so. When the government spends money, it creates the money to spend. … The money then goes into the bank account of the payee. The government doesn’t have to tax or borrow to get money. It just has to spend, and it can never run out.