If the Democrats want to get anything done, they need to understand the government deficit like the Republicans do. Source: Democrats Brush Off Deficit Fears in Quest to Bolster Safety Net Continue reading Democrats Brush Off Deficit Fears in Quest to Bolster Safety Net
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
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?’
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
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
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