Our country’s myth about federal debt, explained. The idea that our country’s national debt creates a burden on future generations is a complete fabrication. Source: Opinion | M.M.T. Shows the Trillion-Dollar U.S. Deficits Are OK – The New York Times Continue reading Opinion | M.M.T. Shows the Trillion-Dollar U.S. Deficits Are OK – The New York Times
Since ancient times, societies have tended to polarize between creditors and debtors, but this tendency can and must be reversed. Historical documents from Sumer, Babylonia, Greece and Rome through Byzantium provide a … Continue reading Breaking the Chains of Debt: Lessons from Babylonia for Today’s Student Crisis
Reconsidering my years as a deficit hawk. Journalist learns what government deficits really are and admits he was wrong in the past. Impressive. Source: Confessions of a Columnist – The New York … Continue reading Confessions of a Columnist – The New York Times
The recently passed federal tax cut seems perilous for the United States government and economy. But even as some financial commentators have for years predicted chaos in the U.S. financial system resulting … Continue reading Is Washington tacitly operating under a new monetary theory?
The Republican tax bill is an abomination. It gives hundreds of billions of dollars in tax breaks over the next decade to the country’s richest people. The Trump family alone stands to … Continue reading Can We Cut the Crap on the Debt from the Tax Bill Hurting Our Kids? That’s the wrong argument.
The island’s creditors have barely even given the obligatory thoughts and prayers. But they do have a deal for Puerto Rico. What a way to capitalize on a sutuatuon! Source: Puerto Rican … Continue reading Puerto Rican Debt Holders Respond to Catastrophic Hurricane by Offering Puerto Rico More Debt
The island has become a target not only for rapacious vulture funds but also for exponents of Katrina-style “disaster capitalism.” Just because the residents of Puerto Rico can’t vote for members of … Continue reading Puerto Rico Needs Massive Emergency Aid Now—and an End to Austerity
Not only is this article factually wrong, we don’t own Puerto Rico’s debt, speculators do, it’s also irresponsible when millions are without power and people are dying due to a lack of … Continue reading Who owns Puerto Rico’s mountain of debt? You do
What role do student loans, budgeting and salary play in the millennial generation’s struggle to become financially solvent? And just what can be done to decrease this debt? To answer those questions … Continue reading Average Millennial 35 and under, $82,500 in debt
IT might make you feel better but tomorrow if the US Federal Government, or Australia or the UK repaid the entirety of its national debt, it would make not one dollar’s difference to your bank account. In fact the economy would tank. “If America repaid all its national debt tomorrow, we very … Continue reading What if every government paid off its national debt?
They complain America is running out of money only when it comes to helping the poor. Its interesting how there is not enough money to help people but when it comes to fighting wars, there is never a peep about affordability. Source: Why don’t deficit hawks care about the cost of military adventurism? – … Continue reading Why don’t deficit hawks care about the cost of military adventurism?
The debt ceiling is crashing down on federal finances as taxpayers wait to see whether President Trump can deliver the tax cuts he promised. This article is a complete failure of reporting. … Continue reading Debt ceiling crisis looms as Americans put off paying taxes – The Washington Post