Friday, September 2, 2011

Debt of 15 Trillion = No Big Deal

Cross posted from a Focus.com Discussion (yes, I wrote this)

It may seem counter-intuitive to say that 15 TRILLION in public debt is "no big deal", but the causes of it are an interesting slice of politics, and the solution (to reducing the debt as a percentage of GDP) is relatively simple.

You see back about a decade ago, we elected one of the good old boys from Texas and the folks that crafted his public image and got him elected were the ones who benefited from his administration and t

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