This “Economist” Says $34 Trillion In Debt Is Definitely Not A Problem

By John Miltimore – QUOTH THE RAVEN

“The federal debt starts the new year at a level that is hard to grasp: $34 trillion,” the New York Times declared in a piece titled “The Debt Matters Again,” and even “…federal deficits now look scarier.”

Yet one media crown jewel informed listeners they had little to fear. NPR’s Leila Fadel asked Stephanie Kelton, a professor of economics at Stony Brook University, if Americans should “be afraid” of this mountain of red ink.

“No. They shouldn’t,” Kelton responded. “It’s the word debt that makes people afraid. And so when I think about this, you know, I look at this number, and I think, well, it’s just keeping track of our savings.”