Thinking morally about the economy with Stephanie Kelton
There's a budget shortfall. What's the congregation going to do?
It's official: Congress passed a debt-ceiling deal, and the president signed it. While this is certainly preferable to the country defaulting on its obligations, it's not an inspiring piece of legislation.
"In these tough times, Americans are tightening their belts—and their government needs to do the same." This bipartisan applause line is pithy, full of populist empathy and easy to understand. It's also exactly wrong.