 TIME Magazine Runs Pro-Trump Propaganda Cover, Stuns Everyone With Sheer StupidityWhat happened to TIME Magazine? The iconic news periodical has reached what may be an all-time low with a cover so bloated with pro-Trump agitprop that it s astonishing it ever made it off of the editor s desk. Yikes.This week, TIME readers will be greeted with a bright red cover with huge letters proclaiming, as Trump has often said, that America is bankrupt and needs pay off its debt or else face doom. To make the connection to Trump even more explicit, the subtitle is: Make America Solvent Again.The problem, as economists were quick to point out, is that almost everything about this cover is meant to terrify the ignorant and obscure the truth. It s fear-mongering plain-and-simple. It plays right into Trump s hands.New TIME cover addresses the national debt. pic.twitter.com/Ty4wyCBbdV  Joe Perticone (@JoePerticone) April 14, 2016For economists, the cover is mind-numbingly stupid. As Mat Yglesias at Vox carefully explained, there are major problems with every facet of the argument. For starters, given how wealth inequality works, averaging the debt across all Americans is a nonsensical way of calculating how debt-ridden the country is. You don t owe $43,000, and companies and billionaires (like Trump) owe even more.Under the circumstances, it s true that dividing up the debt burden evenly among all households would be an enormous burden on many Americans. But there is no reason to divide the burden up this way. The way the federal government finances things is it collects more money from the people who have more money.There s also the fact that this  debt  is often owed to other Americans. The United States borrows from itself a lot giving the illusion of a deep deficit to foreign powers, when really the money is changing hands within the boundaries of the country the whole time. Part of paying off our debt would include cutting a check to ourselves.But perhaps worst of all,  solvency  doesn t mean what TIME wants you to think it means. The American economy is the most powerful in the world (and has grown a lot since the darkest days of the Great Recession), which means paying our debts hasn t been a problem. In fact, the only time creditors began to panic over America s debt was when Republicans in Congress floated the idea of defaulting on them to prove a political point. The antics earned America a drop in its credit rating   not because creditors believed it couldn t pay, but because they worried Republicans simply wouldn t pay.Unfortunately, none of this is made clear by TIME. Instead, people who glance over to a magazine rack in the coming weeks will see the kind of message that Donald Trump has played up: America is broke and pathetic and needs to be made  great  again with his powers of dealmaking. This is simply not true. And on the flip side, many economists have warned that a Trump presidency would hurl the world into crisis, as he has routinely floated the idea of starting trade wars with countries he doesn t like. An event like that really could have the power to destroy America s economy in a way that would be difficult to ever recover from.By enabling a Trump talking point, TIME owes the country an apology. Scare tactics and misleading information are what Trump does best, and he doesn t need any help from a magazine many people trust.Featured image via TwitterNews
time magazine runs propaganda cover stuns everyone with sheer stupiditywhat happened time magazine the iconic news periodical reached may low cover bloated agitprop astonishing ever made editor desk week time readers greeted bright red cover huge letters proclaiming trump often said america bankrupt needs pay debt else face doom to make connection trump even explicit subtitle make america solvent problem economists quick point almost everything cover meant verify ignorant obscure truth it it plays right trump time cover addresses national debt joe perticone joeperticone april economists cover stupid as mat yglesias vox carefully explained major problems every facet argument for starters given wealth inequality works averaging debt across americans nonsensical way calculating country you owe companies billionaires like trump owe even circumstances true dividing debt burden evenly among households would enormous burden many americans but reason divide burden way the way federal government finances things collects money people also fact debt often owed americans the united states borrows lot giving illusion deep deficit foreign powers really money changing hands within boundaries country whole time part paying debt would include cutting check perhaps worst solvent mean time wants think means the american economy powerful world grown lot since darkest days great recession means paying debts problem in fact time creditors began panic america debt republicans congress floated idea defaulting prove political point the antics earned america drop credit rating creditors believed pay worried republicans simply none made clear time instead people glance magazine rack coming weeks see kind message donald trump played america broke pathetic needs made great powers dealmaking this simply true and flip side many economists warned trump presidency would url world crisis routinely floated idea starting trade wars countries like an event like really could power destroy america economy way would difficult ever recover enabling trump talking point time owes country apology scare tactics misleading information trump best need help magazine many people image via twitternews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT:  TIME Magazine Runs Pro-Trump Propaganda Cover, Stuns Everyone With Sheer StupidityWhat happened to TIME Magazine? The iconic news periodical has reached what may be an all-time low with a cover so bloated with pro-Trump agitprop that it s astonishing it ever made it off of the editor s desk. Yikes.This week, TIME readers will be greeted with a bright red cover with huge letters proclaiming, as Trump has often said, that America is bankrupt and needs pay off its debt or else face doom. To make the connection to Trump even more explicit, the subtitle is: Make America Solvent Again.The problem, as economists were quick to point out, is that almost everything about this cover is meant to terrify the ignorant and obscure the truth. It s fear-mongering plain-and-simple. It plays right into Trump s hands.New TIME cover addresses the national debt. pic.twitter.com/Ty4wyCBbdV  Joe Perticone (@JoePerticone) April 14, 2016For economists, the cover is mind-numbingly stupid. As Mat Yglesias at Vox carefully explained, there are major problems with every facet of the argument. For starters, given how wealth inequality works, averaging the debt across all Americans is a nonsensical way of calculating how debt-ridden the country is. You don t owe $43,000, and companies and billionaires (like Trump) owe even more.Under the circumstances, it s true that dividing up the debt burden evenly among all households would be an enormous burden on many Americans. But there is no reason to divide the burden up this way. The way the federal government finances things is it collects more money from the people who have more money.There s also the fact that this  debt  is often owed to other Americans. The United States borrows from itself a lot giving the illusion of a deep deficit to foreign powers, when really the money is changing hands within the boundaries of the country the whole time. Part of paying off our debt would include cutting a check to ourselves.But perhaps worst of all,  solvency  doesn t mean what TIME wants you to think it means. The American economy is the most powerful in the world (and has grown a lot since the darkest days of the Great Recession), which means paying our debts hasn t been a problem. In fact, the only time creditors began to panic over America s debt was when Republicans in Congress floated the idea of defaulting on them to prove a political point. The antics earned America a drop in its credit rating   not because creditors believed it couldn t pay, but because they worried Republicans simply wouldn t pay.Unfortunately, none of this is made clear by TIME. Instead, people who glance over to a magazine rack in the coming weeks will see the kind of message that Donald Trump has played up: America is broke and pathetic and needs to be made  great  again with his powers of dealmaking. This is simply not true. And on the flip side, many economists have warned that a Trump presidency would hurl the world into crisis, as he has routinely floated the idea of starting trade wars with countries he doesn t like. An event like that really could have the power to destroy America s economy in a way that would be difficult to ever recover from.By enabling a Trump talking point, TIME owes the country an apology. Scare tactics and misleading information are what Trump does best, and he doesn t need any help from a magazine many people trust.Featured image via TwitterNews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: time magazine runs propaganda cover stuns everyone with sheer stupiditywhat happened time magazine the iconic news periodical reached may low cover bloated agitprop astonishing ever made editor desk week time readers greeted bright red cover huge letters proclaiming trump often said america bankrupt needs pay debt else face doom to make connection trump even explicit subtitle make america solvent problem economists quick point almost everything cover meant verify ignorant obscure truth it it plays right trump time cover addresses national debt joe perticone joeperticone april economists cover stupid as mat yglesias vox carefully explained major problems every facet argument for starters given wealth inequality works averaging debt across americans nonsensical way calculating country you owe companies billionaires like trump owe even circumstances true dividing debt burden evenly among households would enormous burden many americans but reason divide burden way the way federal government finances things collects money people also fact debt often owed americans the united states borrows lot giving illusion deep deficit foreign powers really money changing hands within boundaries country whole time part paying debt would include cutting check perhaps worst solvent mean time wants think means the american economy powerful world grown lot since darkest days great recession means paying debts problem in fact time creditors began panic america debt republicans congress floated idea defaulting prove political point the antics earned america drop credit rating creditors believed pay worried republicans simply none made clear time instead people glance magazine rack coming weeks see kind message donald trump played america broke pathetic needs made great powers dealmaking this simply true and flip side many economists warned trump presidency would url world crisis routinely floated idea starting trade wars countries like an event like really could power destroy america economy way would difficult ever recover enabling trump talking point time owes country apology scare tactics misleading information trump best need help magazine many people image via twitternews