Our nation's debt is literally indenturing our children to our international debt holders, but most Americans don't care because they are more concerned about the latest saga involving Snooki on Jersey Shore rather than what really matters, our country’s future.

Monday, March 21, 2011

What's Wrong with Government Debt - Robert P. Murphy - Mises Daily

Very good article. 

What's Wrong with Government Debt - Robert P. Murphy - Mises Daily

The news abounds with arguments and even riots over so-called austerity measures. Whether in the Middle East, Europe, or even certain US states, the public is realizing just how deep a hole various governments have dug for themselves. In this article I'll outline Uncle Sam's position and then explain why it's such a problem.

A Shocking Chart

I considered myself fairly conversant with the fiscal trends for the federal government, but I was shocked to see Keith Hennessey's illuminating chart of the trends projected in the Obama administration's February budget report:
 Read more here: What's Wrong with Government Debt
Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)