RTAmerica | January 06, 2011
The United States is in serious debt but the latest numbers show the US national debt has surpassed $14 trillion. From June, 2010 until the end of the year the US racked up another trillion dollars worth of debt. Economist Michael Hudson says the important thing to realize is the government doesn’t borrow money it creates it, the whole issue of whether the US has a debt problem is largely fictitious.
Michael Hudson: US debt is largely fictitious
- Michael Hudson: Higher Taxes on Top 1% Equals Higher Productivity (dandelionsalad.wordpress.com)
- Michael Hudson: World Tired of Paying Bill for US Military (dandelionsalad.wordpress.com)
- Michael Hudson: America is about to slide into third world status (dandelionsalad.wordpress.com)
- Michael Hudson: Why Government is More Afraid of Debt than Depression (dandelionsalad.wordpress.com)