Is America bankrupt?

[Guns Guns Guns]

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Over the last few years, too many conservative politicians and commentators have casually thrown around the idea that the United States is “bankrupt” or “insolvent” or that we “can’t afford to pay our bills.”


Unfortunately, this repetition seems to have led many people to actually believe that the United States is broke.




The “we’re broke” mindset simultaneously explains what might seem like a paradox of conservative thinking today: federal deficits are alarming and unsustainable, undermining our national credit, and yet we should not think about raising taxes.



If you have a bad-but-fixable debt problem, tax increases are a logical part of the austerity package to get you on the road to health. Just look at any country in Europe that’s actually implementing an austerity plan. But if things are already too far gone to fix, if we’re really broke, why bother raising taxes? That’s just more money down the hole. Conveniently, this position allows Republicans to conclude that alarming deficits are cause for spending cuts, but not for tax increases.




The markets know the U.S. government isn’t broke. But unfortunately, a lot of politicians have convinced themselves that it is...



http://www.nationalreview.com/agenda/273157/irresponsibility-saying-we-re-bankrupt-josh-barro

 

[apple0154]

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Over the last few years, too many conservative politicians and commentators have casually thrown around the idea that the United States is “bankrupt” or “insolvent” or that we “can’t afford to pay our bills.”


Unfortunately, this repetition seems to have led many people to actually believe that the United States is broke.




The “we’re broke” mindset simultaneously explains what might seem like a paradox of conservative thinking today: federal deficits are alarming and unsustainable, undermining our national credit, and yet we should not think about raising taxes.



If you have a bad-but-fixable debt problem, tax increases are a logical part of the austerity package to get you on the road to health. Just look at any country in Europe that’s actually implementing an austerity plan. But if things are already too far gone to fix, if we’re really broke, why bother raising taxes? That’s just more money down the hole. Conveniently, this position allows Republicans to conclude that alarming deficits are cause for spending cuts, but not for tax increases.




The markets know the U.S. government isn’t broke. But unfortunately, a lot of politicians have convinced themselves that it is...



http://www.nationalreview.com/agenda/273157/irresponsibility-saying-we-re-bankrupt-josh-barro

Repub lies. Nothing more. They're determined to make the poor and ill suffer.

 

[Cancel 2018. 3]

this is hilarious...i get into a disagreement with dune about whether america is bankrupt and legion makes this thread.

dune claims america is bankrupt.

 

[Rune]

this is hilarious...i get into a disagreement with dune about whether america is bankrupt and legion makes this thread.

dune claims america is bankrupt.

Your side is spreading the lie. Funny how you twist it though.