The Problem is Jobs, not the Debt

And we need to say that every time we open our mouth, for the propaganda war to scare us about the debt will not cease.Stephanie Kelton found that out even on NPR this morning. So you need to read her post here and take the time to understand it.

Remember, the three main drivers of the debt are 1) the economic downturn of 2008, fueled by the Wall Street housing bubble, 2) The Bush tax cuts, and 3) the Bush wars. Without those the debt would still exist and would be so much smaller even our corporate media would turn away from trying to scare the public about it. As Kelton shows, the debt is beginning to take care of itself. What we need are jobs. And even when jobs come back, we need to continue and strengthen the safety net, not give it away to pay for Wall Street’s mistakes and greed. It is as simple as that. Never mind that John of Orange is paid well to repeat lies every time he opens his mouth. That instills in me no obligation to listen to or believe him. I will stick to math and my values.

About JP

We're two guys who met in college, in 1980. We've stayed in touch, and like to talk politics, current events, music and religion. JP is nore liberal than Sid, but not in every way. We figure that dialogue stimulates ideas, moderates perspective, and is in general friendly. These are things we need badly in these dangerous times. The blog name is taken from a song by Bruce Cockburn.
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