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5 Misconceptions About the National Debt

Posted By Todd Thurman On September 12, 2008 @ 5:24 pm In Economics | Comments Disabled

There is a lot of information about the national debt, but misconceptions cloud the debate. There are five common misconceptions about the national debt. This video explains them, as well as why they are not accurate guides to measure the debt. Heritage’s Brian Reidl also mentions the real threat to the National Debt – unfunded entitlement programs.

Reidl closely examines [1] the myths on how the debt was created, and what can be done to reduce the burden.

[youtube]http://www.youtube.com/watch?v=YabLqJ0RwPQ [/youtube]

Article printed from The Foundry: Conservative Policy News from The Heritage Foundation: http://blog.heritage.org

URL to article: http://blog.heritage.org/2008/09/12/5-misconceptions-about-the-national-debt/

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[1] examines: http://www.heritage.org/Research/Budget/bg2178.cfm

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