Yea what a failure of an administration, it’s like watching a kid start a Harley trying to jump over a grand canyon. Knowing Harleys don’t have the horsepower to make it
The title pretends they care about debt at all.
They don’t care about the debt. They care about the grift.
Instead of outrage, it should be hard and public ridicule. It’s more likely to get their attention.
Yeah, that’ll show em! They totally care about the public - especially now that they’ve grabbed power!
It’s not about public opinion, but opinion of other leaders which matters.
Maybe some big strong man will stop them!
Frankel is a mainstream economist, so I doubt he has much of an idea about US debt, either.
Interest payments, which account for 13% of total spending, cannot be cut either – unless the US wants to default on the national debt.
The United States can pay any debt it has because we can always print money to do that. — Alan Greenspan, 13th chairman of the Federal Reserve
The US doesn’t need austerity, it needs to tax the wealthy. But it doesn’t need to tax them in order to pay for stuff, because it has money in infinite supply. It needs to tax the wealthy to reign in the power of the wealthy and to lessen wealth inequality. But it probably isn’t going to, because the wealthy run the country, and they always have.
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