Source: CounterPunch
by Dean Baker
“Media outlets are filled with stories about how AI is taking all the jobs. There are also plenty of stories telling us that soaring deficits and rising debt are going to bankrupt the government. These problems are 180-degree opposites, sort of like saying that someone is seriously overweight, but needs to put on a few pounds. Either can be true, but they can’t both possibly be true. There is zero recognition of this fact in elite intellectual circles. To make the logic clearer, the AI taking all the jobs story is one of abundance. … The out-of-control debt and deficit story is one of scarcity.” (05/28/26)
https://www.counterpunch.org/2026/05/28/four-reasons-were-being-lied-to/