We are always days away from some unspecified horror because the debt-to-GDP ratio is slightly higher than some other countries, yet data doesn’t support it. But we have to slash social spending. To prevent the thing from happening. Whatever it is.
But there’s always money for military and tax cuts for millionaires.
Oh look, a paper that “proves” national debt leads to disaster, frequently cited to justify extreme austerity (cuts to social services). Except, it doesn’t. The data they use shows that high debt leads to economic growth. They were too stupid, sloppy, and motivated by their conclusion to actually show the evidence that supported it. They half-assed some excel formula, it showed what they wanted it to show, and they hit “publish.” Now people are poorer, sicker, or plain dead because of them.
THANK YOU FOR YOUR ATTENTION IN THIS MATTER.
-DJT