Dear Time Magazine: Cut the Crap, Okay?

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Sigh. Matt Yglesias draws my attention to this week’s cover of Time, a Trump-friendly warning that we’re all doomed thanks to the national debt. Matt takes apart this inane argument just fine, but I’ll do it more quickly: You will never have to pay down this debt. Nor will your children. Or your grandchildren. Just forget about it.

And if we ever do have to pay some of it down? We’ll get to pay it off over decades, just like any other debt. And the rich will pay a bigger share than you. But I guess “You might someday owe $145 per year” doesn’t make a very good magazine cover.

I know the doomsayers don’t care, but at the moment we’re paying about 2 percent of GDP to service the national debt. The chart below shows how that’s skyrocketed since—um, I mean, declined steadily since its height during the Reagan era. Pretty scary, isn’t it?

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We've never been very good at being conservative.

And usually, that serves us well in doing the ambitious, hard-hitting journalism that you turn to Mother Jones for. But it also means we can't afford to come up short when it comes to scratching together the funds it takes to keep our team firing on all cylinders, and the truth is, we finished our budgeting cycle on June 30 about $100,000 short of our online goal.

This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

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