The Deficit Myth is Hanging On for Dear Life — Stephanie Kelton

Summary:
For months, Speaker McCarthy has been telling the American people that republicans wouldn’t agree to raise the debt limit without a plan to get the nation’s “fiscal house back in order.” Never mind that he and most of his republican colleagues voted—without any preconditions—to lift the debt ceiling on three separate occasions when Donald Trump was president. To retain his gavel McCarthy needed to cut a deal that his members could get behind....In response, President Biden said, “Speaker McCarthy and I have a very different view of who should bear the burden…to get our fiscal house in orde…...The LensThe Deficit Myth is Hanging On for Dear LifeStephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S.

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