Saturday, March 12, 2011

The Threat of Debt

Charlie Rangel (generally a bad source), Paul Krugman (mostly a terrible source), and Michael Moore (Moore is always an awful source) all claim that the government has plenty of money to go around, as this mantra fits their modus operandi of dividing and conquering by inciting class warfare.

Meanwhile - in the real world - Admiral Mike Mullen, Chairman of the Joint Chiefs of Staff, has stated that our national debt  poses the greatest threat to our national security.  Our politicians are not getting the message and continue to gamble with our future as wasteful spending has shown no sign of abatement.

2 comments:

Amarant said...

This is a threat no longer. The debt crisis is real, and it will take a decade or so to bring the US economy back on top. Not like China is just going to sit back and let that happen.

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Lydia said...

Understanding national debt can be more challenging than dealing with personal debts. I know I can turn to my loan modification attorney for my financial problems. It's not as easy for national problems, though.

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