Just heard this outrageous lie on WABC the radio:
U.S. to pay down debt -- first time since 2007
UPI/Roger L. Wollenberg
Published: April 30, 2013 at 2:30 AM
"WASHINGTON, April 30 (UPI) -- Washington plans to pay down part of
the national debt for the first time since before the global economic
crisis, the Treasury Department said.
The government's ability to pay back $35 billion from April through
June, by retiring bonds, notes and bills, comes from increased tax
revenues and greater spending cuts, which are improving Washington's
finances and helping the government ratchet down the deficit, the
This is what journalism has come to in the USA. The press is
supposed to be an important part of keeping govenment honest
and the American people free. Instead, they've become nothing
but mouthpieces and apologists for a big govt on the way to
bankruptcy. Are they really this
stupid or do they know this is pure crap, but repeat it anyway?
There is a real story here. And that story is that when you're
running a $900bil deficit for the year, just because you temporarily
take in $35bil more during a three month perios, that does not
equate to "paying down the debt".