As we all plan for 2012 and view our income and “to pays,” some feel confident and others shiver in fear.  First step, gather data and analyze.  But what if the data you gather is mis-interpreted  by you?  Can you really plan?  Details and effect are critical for planning.

Today, noble winner economist, Paul Krugman, points out in detail the fallacious analysis of the USA debt issue.  Fact for fact, historical information and context is so needed.  The barkers of anti-debt, who want only the middle-class and poor to pay the government, scare the public and mis-guide the politicians.

The propaganda of the yellers does us no service.  It only perpetuates fear.

The Santelli’s of the world get increase in pay and more time on TV to spew their logical but incorrect rhetoric.  I hope this article helps to lessen the burdens on those most burdened.

http://www.nytimes.com/2012/01/02/opinion/krugman-nobody-understands-debt.html?src=ISMR_AP_LO_MST_FB