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Tag: Federal Debt


Japan Is Writing Off Nearly Half Its National Debt—Without Creating Inflation. We Could, Too.

There is no way the U.S. will ever pay back a $20 trillion federal debt. Maybe the government should sell some of it to our central bank.

Posted on Jun 28, 2017 READ MORE


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‘Print the Money’: Trump’s ‘Reckless’ Proposal Echoes Franklin and Lincoln

It’s been called crazy talk. But the solution of Abraham Lincoln and the American colonials may be the only sane response to a $19 trillion federal debt that has doubled over the last 10 years.

Posted on May 14, 2016 READ MORE


‘Days of Revolt’: Chris Hedges, Michael Hudson Discuss How We Got to Junk Economics (Video)

The federal debt has exceeded $19 trillion. One reason for the record-high figure is a gigantic Ponzi scheme that defines the U.S. and global economies.

Posted on Mar 24, 2016 WATCH & LISTEN



How Obama Could Beat the Debt Ceiling and Go Out a Hero

The debt ceiling is an unconstitutional gimmick that violates the 14th Amendment, and it could be eliminated for good by restoring to the government its constitutional authority to create money.

Posted on Oct 28, 2015 READ MORE



An Accounting Trick Is the Basis of Phony Claim That U.S. Faces a Public-Sector Debt Crisis

Senate Budget Committee Chairman Mike Enzi’s claim that “rapidly growing public sector debt threatens America’s economic future” is based on dishonest accounting rigged by congressional austerity hawks, reports The Nation.

Posted on Oct 15, 2015 READ MORE



Trumping the Federal Debt Without Playing the Default Card

How can the U.S. remain strong, with very little debt, without defaulting on Social Security, Medicare or the federal debt itself? By reducing the debt by buying it and ripping it up.

Posted on Aug 19, 2015 READ MORE



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Forget ‘Fiscal Cliff,’ Call It an ‘Austerity Bomb’

Brian Beutler at Talking Points Memo seems to have coined the term last spring. Paul Krugman thinks it’s a better way to talk about the coming budget crisis, as it asserts that too little spending—rather than too much—is the the cause of the danger.

Posted on Nov 14, 2012 READ MORE



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Ryan Budget Plan Clears House Vote

It’s been quite the eventful week in Washington, no? In case the health care hullabaloo at the Supreme Court didn’t bring enough action to our nation’s capital, over in the halls of Congress there was an equally heated debate about Rep. Paul Ryan’s Republican-backed budget plan, which the GOP-heavy House passed Thursday.

Posted on Mar 29, 2012 READ MORE


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