Two of our nation’s most influential progressive journalists — Slate’s Matt Yglesias and Business Insider’s Joe Weisenthal — just took on two powerful economic myths.
1. The Myth that The US Government is Out of Money
2. The Myth that A Government Surplus is a Sign of Fiscal Responsibility
It’s hard to imagine a more empowering message. As word spreads, elected officials in both parties will lose their primary excuse for inaction on on a whole range of neglected and underfunded programs. “I’d love to help, but I’m all tapped out,” simply won’t sell.
Nor will the desperate calls for “shared sacrifice” and “entitlement reform” in the name of fiscal responsibility.
A very big thank you to these men, who will undoubtedly suffer the slings and arrows of many of their progressive followers, who have long considered the Clinton surpluses the crowning achievement of modern Democratic governance.