By Thornton Parker
People who understand how this country’s financial system works know the American dream doesn’t have to die. They know why the federal budget is not like a family’s budget or the budgets of companies and states. They know why the government can’t run out of money, default, or go bankrupt; and why Europe’s financial troubles won’t come here. They know the government can afford to do more to help educate young people, improve everyone’s health, provide income assistance as people age, foster a sound economy with good jobs, modernize the infrastructure, and protect the environment. And they also know that popular myths and deliberate misrepresentations of the system are hurting America. Continue reading
