2024)

The Big Lie in economics is: “Federal taxes fund federal spending.” The truth is that federal taxes fund nothing. They are destroyed upon receipt by the Treasury. The U.S. federal government is not like state/local governments, not like euro governments, not like businesses, and not like you and me. It uniquely is Monetarily Sovereign. It … Continue reading Historical claims the Federal Debt is a “ticking time bomb.” OK, it’s just a week after the last update, but you simply must read the last entry (2/8/2024) →

Historical claims the Federal Debt is a “ticking time bomb.” This version updated 11/3/2023

The U.S. federal government is not like state/local governments, not like euro governments, not like businesses, and not like you and me. It uniquely is Monetarily Sovereign. It cannot, unwillingly, run short of its own sovereign currency, the U.S. dollar. As real experts have said: Alan Greenspan: “A government cannot become insolvent with respect to … Continue reading Historical claims the Federal Debt is a “ticking time bomb.” This version updated 11/3/2023 →

Well, at least he didn’t call it a “ticking time bomb.”

The Debt Crisis Is Getting Real Rising bond yields mean the national debt will be much more expensive in the next few years, and we keep adding to it. ERIC BOEHM | 10.4.2023 There is no “debt crisis.” The fact that the so-called, misnamed “national debt” will be more expensive is a good thing. As … Continue reading Well, at least he didn’t call it a “ticking time bomb.” →

An updated reference of “federal debt is a ticking time bomb” lies.

The U.S. federal government is not like state/local governments, not like euro governments, not like businesses, and not like you and me. It uniquely is Monetarily Sovereign. It cannot, unwillingly, run short of its own sovereign currency, the U.S. dollar. / Periodically, we publish yet another shrieking claim that the U.S. federal debt is “unsustainable” … Continue reading An updated reference of “federal debt is a ticking time bomb” lies. →