Showing posts with label National Debt. Show all posts
Showing posts with label National Debt. Show all posts

Monday, March 18, 2013

Stop Freaking Out About the Debt! 5 Reasons There Is No Debt Crisis | Alternet

Stop Freaking Out About the Debt! 5 Reasons There Is No Debt Crisis | Alternet
"In conclusion: the “debt crisis” is a mere phantom — only one of many possible futures, and far from a certainty. The interest America is paying on its debt  is currently lowerthan it was in the 1990s, despite a lower debt-to-GDP ratio then. When inflation is factored in, current real interest rates on our debt  are negative. Financial markets are willing to pay us to borrow from them.
Meanwhile, every dollar we cut — nay, every dollar we fail to borrow — is a dollar that isn’t going to shore up the safety net, to rebuild the country’s infrastructure, or to support struggling Americans while their livelihoods remain on the line. That we’re passing on this opportunity to repair our country, much less even considering the monstrosity that is the Ryan budget, really is absurd."

Republicans: There's No Debt Crisis, We Just Want to Screw the Poor | Alternet

Republicans: There's No Debt Crisis, We Just Want to Screw the Poor | Alternet
"Admitting that there’s no immediate crisis illustrates that the GOP’s proposed monstrous cuts to social welfare programs are more an attempt to push through their ideology than save the country from collapse. As the media continues to hyperbolize the deficit, the need for compromise and the instantaneous dangers that will occur if we don’t impose austerity cuts, Republicans are happily using the spin to quickly demand these absurd cuts. But now, especially with both parties acknowledging that there’s no immediate debt crisis, we must demand an honest, smart budget from Congress."

Saturday, March 16, 2013

Five Reasons Washington Shouldn’t Panic About The Debt

Five Reasons Washington Shouldn’t Panic About The Debt: Once again, the March budget season has arrived, and Rep. Paul Ryan (R-WI) has engineered another draconian fiscal vision for the House Republicans. The plan would radically remake Medicare, decimate Medicaid, grant a huge tax cut to the wealthy, and slash support for the poor, investments, and civic infrastructure. Ryan and his cohorts justify these [...]/p

Thursday, March 14, 2013

Memo to Washington: Private Debt Threatens Our Economy, Not Government Deficits | Alternet

Memo to Washington: Private Debt Threatens Our Economy, Not Government Deficits | Alternet
"The debt we are talking about is private-sector debt. But most officials this afternoon focus on government debt and budget deficits as the problem – especially social spending such as Social Security, not bailouts to the banks and Federal Reserve credit to re-inflate prices for real estate, stocks and bonds."

Monday, February 25, 2013

Guess What? The Debt Everyone Is Freaking Out About Does Not Exist | Alternet

Guess What? The Debt Everyone Is Freaking Out About Does Not Exist | Alternet
"Refusing to tackle that all-too-real crisis with the full range of economic resources at our disposal is a shameful moral and political failure. Especially when the reason we’re refusing is fear of shadows cast on the wall."