Send a Tweet
Most Popular Choices
Share on Facebook 3 Share on Twitter 2 Share on LinkedIn Share on Reddit Tell A Friend Printer Friendly Page Save As Favorite View Favorites
Exclusive to OpEdNews:
OpEdNews Op Eds

Stop the Fiscal Policy Illiterates.

By   Follow Me on Twitter     Message Robert Bostick       (Page 1 of 5 pages)     Permalink    (# of views)   5 comments

Related Topic(s): ; ; ; ; ; ; ; , Add Tags
Add to My Group(s)

Valuable 3   Must Read 2   Well Said 2  
View Ratings | Rate It Headlined to H2 9/6/16

Author 13111
Become a Fan
  (4 fans)
- Advertisement -

On September 2, 2016, Maya MacGuineas authored an article for Wa-Po's, "The Missing Debate" titled

"The first step: to stop digging."

She spouts the same misinformation as most other FPIs sponsored by the Peterson Foundation. Oh, FPIs are Fiscal Policy Illiterates. These are the folks who think the Federal government, issuing its currency, can run out of that fiat currency, thereby, rendering it broke. These same FPIs believe as if it were gospel, that America has "debt" in its own currency. This is illogical since Congress legislates authorizations and appropriations which the Executive Branch needs to incur obligations which are then paid for in the Federal government's currency, the dollar and not in a foreign currency.

- Advertisement -

MacGuineas wrongly asserts that,

1. national debt is " ... a huge problem";

- Advertisement -

2. deficit spending poses significant fiscal challenges:

3. entitlement programs need updating;

4. interest payments are the fastest growing part of the budget;

5. debt growth will slow wage growth, increase costs, and

crowd out important government investments.

- Advertisement -

Her solutions:

1. no spending or tax reductions without offsets;

Next Page  1  |  2  |  3  |  4  |  5


- Advertisement -

Valuable 3   Must Read 2   Well Said 2  
View Ratings | Rate It

Retired ('92)after working for every Administration since Truman, with the exception of the last 3 administrations. Mainlining golf is a major addiction, along with grandchildren, travel, great books and the leisure to really absorb it all. A (more...)

Robert Bostick Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Follow Me on Twitter     Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
   (Opens new browser window)

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Did This Really Happen?

Money Is Not a Physical Thing

What Should We Know About Methane Hydrate Explosions?

Stop the Fiscal Policy Illiterates.

Federal Taxes Don't Pay For Anything