Andrew Sullivan asks…

who owns the debt?

Jason Peters relays facts collected by Harper’s Index:

— Seventy-one percent of current U.S. debt was accumulated during Republican presidential terms.

— Two-thirds of debt-ceiling elevations since 1960 have been signed into law by Republican presidents.

— In 1961 the percentage of corporate profits paid in taxes was nearly forty-one; now it is less than eleven.

— Seventy-five percent of the increase in corporate profit margins since 2001 has come from depressed wages.

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