Popular political rhetoric says the national debt will overburden future generations. But the fixation on a big deficit drove up Obamacare costs for consumers and fostered unnecessary austerity measures that don’t evenly … Continue reading It’s Time Everyone Change Their Stories About the Deficit
Our Washington correspondent gives two reasons: No. 1, borrowing can be a costly way to raise money and 2, the U.S. must constantly repay its debts. Almost everything about this article is … Continue reading ‘Why Should We Worry About the National Debt?’
If you are trying to make sense of Trump’s tax plan, don’t worry about it… it will increase the deficit, but deficits don’t matter to the United States. Source: Donald Trump Is … Continue reading Donald Trump Is Right: Deficits Don’t Matter
It’s a big deal. This article is a complete failure. It tries to equate the US National Debt with high student debt, going so far as to say the increasing national debt … Continue reading Voices: College students should be very worried about the national debt. Here’s why.
Great snippet on how the nations debt never needs to be paid off and never will be actually. Source: Former Treasury Staffer: US National Debt Never Needs To Be Paid Down Continue reading Former Treasury Staffer: US National Debt Never Needs To Be Paid Down
I’m intrigued by Modern Monetary Theory, which maintains governments can create (or ‘print’) money to fill public needs and can’t go into debt to themselves, though they should … Continue reading Can we come out now that deficit hysteria is over?
A running clock of the tally of lost economic output/income of the United States aggregately since the greed-fueled 2008 financial crisis spawned the Lesser Depression (or Great Recession). Great tool, showing the … Continue reading United States Lost Output Clock
We’re still paying for his polices. Government surpluses mean that the government is taking money away from the people. Not a good thing. Source: How Bill Clinton’s Balanced Budget Destroyed The Economy Continue reading How Bill Clinton’s Balanced Budget Destroyed The Economy
Michael Hudson provides an MMT perspective on why governments are avoiding deficits. It hurt’s their banking donors profitability. The aim of neoliberals is to prevent governments from spending money to revive growth … Continue reading Why Deficits Hurt Banking Profits
Why? What has Greece been doing all along? Hasn’t it been “reforming” to death? You mean you want more privatizations so German PUBLIC companies can buy Greece’s assets for less than nothing? … Continue reading Greece must reform or leave eurozone, says German minister | The Guardian
All of the original justifications offered for austerity have collapsed. Great article, touches on the fact that the “deficit fetish” has been proven to be a false justification for any of the … Continue reading The deficit fetish is over
Well… He was speaking in front of bankers in Frankfurt, so had to pay his allegiance to the banks, which the Greek people have been bailing out over and over again at … Continue reading Schaeuble: Greece is living beyond its means