Who Owns America's Debt?

>> Watch interview on theAnalysis.news

This is part 2 of a 2-part interview. Watch part 1: Inflation Control and Curbing Workers’ Power in the Neoliberal Era here.

PERI’s Robert Pollin lays out policies to increase workers’ wages and bargaining power and bring down the price of food items. He tackles the issue of U.S. government debt, as well as fiscal conservative and MAGA Republican claims that China owns most of this debt. Pollin asserts that these falsehoods deflect from Trump’s massive tax cuts for the rich and his high military spending, which ran up U.S. debt far more than under the Biden administration. He argues that the best way to reduce high-interest payments on U.S. debt and support social services is to increase government revenue by increasing taxes on the wealthy.