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Matt Yglesias’ debt tutorial and claim US ‘can’t run out of money’ shredded

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http://twitter.com/#!/JohnEkdahl/status/448953727102509057

Fear not, America, because Matt Yglesias, now executive editor of Ezra Klein’s Vox.com, claims the U.S. debt isn’t that much, and the government can’t run out of money anyway because it can just print more:

http://twitter.com/#!/mattyglesias/status/448902356051451904

Hack-tastic!

At the start of the video, a graphic states that the U.S. debt held by the public is $12.5 trillion, however, Yglesias’ voice-over claims “the United States’ national debt is $12.5 trillion.”

Many took issue:

http://twitter.com/#!/Patterico/status/448947463441756160
http://twitter.com/#!/casuist/status/448941809071185920
http://twitter.com/#!/NolteNC/status/448950944986722304
http://twitter.com/#!/nycconservative/status/448956291499982848

Yglesias then danced around criticism from @Patterico:

http://twitter.com/#!/mattyglesias/status/448951170166702083
http://twitter.com/#!/mattyglesias/status/448954218146430977

Clarifying it by re-cutting and replacing the misleading audio was apparently too much.

http://twitter.com/#!/Patterico/status/448956919508508672

One of Vox.com’s sponsors is General Electric, which is a company that Yglesias and Ezra Klein have lambasted in the past, meaning that turnabout is fair play:

http://twitter.com/#!/exjon/status/448884499871322112

Times sure have changed.

Even assuming the debt is $12.5 trillion, here’s a good question:

http://twitter.com/#!/Gooms/status/448929167967395840

We’ll wait for an answer.



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