Koch group orchestrated US debt panic (and used Justin Bieber to do it!)

How Shadowy Right-Wing Front Groups Engineered Our National Embrace Of Debt Reduction Over Job Creation
By Lee Fang on Jul 28, 2011

Public Notice, a Koch-connected group, sponsors a debt fear mongering ad featuring Justin Bieber
For the entire year, as a sluggish economy sputters by and states continue to struggle with falling revenue, the conversation in Congress has centered solely on spending reduction. Earlier this year, we witnessed looming government-showdown duels between competing spending reduction plans. Now with the debt ceiling debate, the only two options are a choice between a package of painful cuts and a package of deeply draconian cuts. There has been no lively discussion of new policy ideas for job creation, foreclosure mitigation, or how to spur demand, the key driver of economic recovery.

Earlier this week, Politico published a piece outlining the vast disparity in the ad war over the debt ceiling. Republican-aligned groups have run over $21.2 million in attack ads highlighting Democrats as irresponsible drivers of the national debt, and elevating the debt ceiling as a top priority. Meanwhile, groups on the left have spent about $30,000 on ads calling out Republicans on the debt, with one hitting lawmakers for “recklessly risking default.” Some Democratic leaning groups have even run ads casting Democrats as better at cutting than Republicans.

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