NPR doing the Economic Dirty Work of Right Wing Deficit Crazies

http://www.alternet.org/economy/how-npr-doing-right-wings-economic-dirty-work-debt?akid=13149.294211.Ookz29&rd=1&src=newsletter1037039&t=17

I am bothered that NPR and Public Broadcasting is being bought up by Billionaires.  The Koch Brothers are funding Science Programs which means there will be little/no discussions of Climate Change.  Now, Pete Peterson, Billionaire is getting his Right wing Reduce Deficit with subtitle (never mentioned) of NEVER RAISE TAXES ON US BILLIONAIRES message out on NPR now.

 NPR Is Doing Right-Wing's Economic Dirty Work on Debt

There's no crisis. A progressive economist explains.

By Dean Baker / Beat the Press

May 28, 2015

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Billionaire Peter Peterson is spending lots of money to get people to worry about the debt and deficits rather than focus on the issues that will affect their lives.

National Public Radio is doing its part to try to promote Peterson's cause with a Morning Edition piece that began by telling people that the next president "will have to wrestle with the federal debt." This is not true, but it is the hope of Peter Peterson that he can distract the public from the factors that will affect their lives, most importantly the upward redistribution of income, and obsess on the country's relative small deficit. (A larger deficit right now would promote growth and employment.)

According to theprojections from the Congressional Budget Office, interest on the debt will be well below 2.0 percent of GDP when the next president takes office. This is lower than the interest burden faced by any pre-Obama president since Jimmy Carter. The interest burden is projected to rise to 3.0 percent of GDP by 2024 when the next president's second term is ending, but this would still be below the burden faced by President Clinton when he took office.