FOX, Conservative Media Promote Bogus Chart On National DebtQuicklink submitted by Amanda Lang Permalink
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|Fox News and right-wing blogs have promoted a chart that purports to show the "alarming" fact that national debt per person is higher in the United States than in several crisis-stricken European countries. This comparison is flawed because these countries' economies are fundamentally different -- a fact demonstrated by the substantially higher interest rates that the crisis countries using the euro must pay on their debt, compared to countries that can borrow in their own currency.|
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