In defense of deficits.

Editor,

The federal government raided the Social Security trust fund and replaced workers' retirement security with IOU's. It is time to pay that back.

And don't say there isn't enough money. We print and borrow trillions to fight stupid, horrible wars and trillions more to bail out stupid, horrible banks. As long as U.S. debt is incurred in U.S. dollars, we can run up as much debt as we want -- despite Republicans' blather whose only purpose is to incite people who don't know anything -- because the U.S. controls this currency.

Read this article by James K. Galbraith: "In defense of deficits."

re: "Social Security to See Payout Exceed Pay-In" (3/25/2010)