Why Are Conservatives So Dishonest About the National Debt?

debt

Conservatives tout that the US inhabitant debt is an emerging crisis that will soon bankrupt the United States. What they don’t say is that a small less than half is intragovernmental debt. That is, money the US government owes itself. After WWII the US owed 120% of its GDP in public debt. At this time it only owes about 84% and that map includes the money the government owes itself. Public debt, what money the govermenet owes others, is about 60% of GDP or half the GDP to debt ratio after WWII.
Why do conservatives try to scare people about a problem that does not exist?

How to Destabalize Countries Legally.Economic Hitman Part 1

Today, we spend the hour with a man who claims to have worked deep inside the forces pouring corporate globalization. In his first book, Confessions of an Economic Hit Man, John Perkins told the tale of his work as a highly paid consultant hired to strong-arm leaders into making policy favorable to the US government and corporations, what he calls the “corporatocracy.” John Perkins says he helped the US cheat poor countries around the sphere out of trillions of dollars by lending them more money than they could possibly repay and then taking over their economies. John Perkins has just come out with his following book on this issue. It’s called The Secret History of the American Empire: Economic Hit Men, Jackals and the Truth about Global Corruption. John Perkins joins us now in the firehouse studio. Well, before we go further, “economic hit men”—for those who haven’t heard you clarify this, let alone clarify yourself as this, what do you mean? JOHN PERKINS: Well, really, I reckon it’s honest to say that since World War II, we economic hit men have managed to make the world’s first truly global empire, and we’ve done it primarily without the services, unlike other empires in history. We’ve done it through economics very subtly. We work many different ways, but perhaps the most common one is that we will identify a third world country that has resources our corporations covet, such as oil, and then we orchestrate a huge loan to that country from the World Bank or one of its