For 81 years, the debt-nuts have been predicting the imminent doom of the U.S. government and U.S. taxpayers, because the so-called federal "debt" (which isn't even a "federal debt") supposedly is too big. And in the following article, the doom-sayers do it, again.
A good summary of the major pronouncements of when the debt-hawks said the debt was about to "blow up" the economy, and why it doesn't matter how large debt or interest payments are. Particularly timely when Congress is debating the largest spending package ever.
Read the rest of the story HERE:
Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a former blogger for Huffington Post, Daily Kos, and Global Economic Intersection.
His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
Scott is a former and current President of Common Ground-NY (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of (more...)