The idea that we’re “running out of money” and have to “tighten our belts" is a common trope in US media; the premise that the US government is like a household that must balance its books, largely taken for granted by liberal and right-wing outlets alike.

But is this premise correct? Is it true that the United States is over-budget and ready to explode with insolvency? Where does this conventional wisdom come from and whom does it benefit? 

On this and next week's show we seek to answer some of the questions. In Part I: Single Payer Propaganda War, we examine the primary talking points against Single Payer and other big government programs and how to combat them with guest Stephanie Kelton.

MMT

Jerimiah Ham