Tag Archives: wars

The 6 Biggest Lies About the U.S. Debt

As Congress nears a vote on the various debt ceiling deals, let’s look at the lies and misinformation that got us into this mess. By Arun Gupta AlterNet, July 28, 2011 There is one simple truth about the discussion of the looming U.S. debt crisis: it is largely a compendium of half-truths, distortions, myths and outright lies. For example, is it true that the U.S. debt is unsustainable, which is spurring the budget-cutting fever? Far ... Read more

Interest Payments Are At Historic Lows, Paying Debt is Not the Problem

In this interview on Real News, Robert Pollin makes the point that interest payments on U.S. debt well below average because the cost of money is so inexpensive.  As a result there is no immediate debt crisis, there is time to deal with long-term debt. <iframe width=”640″ height=”390″ src=”http://www.youtube.com/embed/SIK9HilJa7s” frameborder=”0″ allowfullscreen></iframe>   Read more