Tag Archives: Deficit

U.S. debt sinkhole: How did it get so deep and how deep will it get?

Most economists agree that the current pace of U.S. spending is unsustainable in the longrun, but how did it get this bad?

How did the U.S. manage to spend its way out of a surplus and into massive debt inroughly a decade, putting itself 17 trillion U.S. dollars in the hole? Moreover, as nationsworldwide eye Washington's debt nervously, how will the world's largest economy pay itoff?...

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How Crazy Are the Liberals?

The Democrats have achieved a public relations coup that any ministry of propaganda would be proud of. Worried that the United States is $17 trillion in debt? Radical! Unconcerned about deficits that pile up as far as the eye can see? Responsible! Unhappy about an anemic economy in which a generation of young people struggles to find full-time employment? Traitor! Content with record levels of poverty and non-employment? Moderate! Want to get rid of a law that is opposed by most Americans, decimates the economy and is patently unworkable? Crazy! Delighted at the sight of millions of Americans losing their health insurance and being demoted to part-time employment? Public-spirited!...

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