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 department said."
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".