The truth about the current U.S. debt limit fight is not just different from the narrative set forth by corporate media\u003B it\u0027s the opposite.
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But the alignment between corporate America, the corporate media and the Democratic Party has grown so strong that there is virtually no dissent. The result is the near unanimity across the country that a clean debt limit increase must happen and those in the way are irresponsibly endangering the country’s financial security.
The debt is now larger than the entire country’s annual output. The obligations for Social Security and Medicare are growing. The interest payments on the debt are crowding out other priorities. It’s no longer the situation that we had until recently, where the debt is just owed back to the U.S. Treasury. A huge chunk of the debt is now foreign-owned. America’s bills are coming due.
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