Yes indeed, it’s time for your daily helping.
A new, free-to-play game invites players to keep the USA’s “national debt” in check by choosing policies that “fulfill your vision of what America should be.”
The Fiscal Ship was developed by two right-wing propaganda mills in Washington DC: The Brookings Institution and the Woodrow Wilson Center, and was funded by the Peter G. Peterson Foundation.
Where did they get that “Fiscal Ship” title? Perhaps from this 1967 song…
Actually the debt is 112% of US GDP, if we assume that the World Bank is correct when it says the U.S. GDP is $17.42 trillion.
The “national debt” is simply the amount of money that various parties (including the U.S. government) have deposited in Fed savings accounts. These deposits place no constraint whatsoever on the U.S. government. Nor will any individual, rich or poor, ever have to pay one penny on those deposits, although the Fred creates about $240 billion a year out of thin air to pay the interest on those deposits.
In the game you will learn other meaningless things such as “Unless you act, 25 years from now the debt will be at levels never before seen in this country.”
Actually the amount of money on deposit at the Fed is already at levels never before seen in this country. Fortunately this has nothing to do with the U.S. government’s ability to keep creating money out of thin air.
Unfortunately, private debt will continue to strangle us. When your city, county, or state sells bonds to Wall Street, and must impose austerity in order to pay the debt, that is strangling you.
The game asks you to choose between raising taxes (on average Americans) or cutting spending (on average Americans). Either way increases inequality, which the game refers to as “reducing inequality.”
Of course, the “national debt” has no bearing on the amount of money the U.S. government can create or tax back.
You will learn how to “protect the elderly” by privatizing Social Security so that Wall Street thieves can steal it all.
Here’s a two minute video connected with this bullshit…
And a 90-second video that shows you how to play…