Are we broke?

posted by
March 23, 2011
Cato Institute
by Michael D. Tanner  
Posted in Commentary

"With the United States running a $1.65 trillion budget deficit and getting ready to hit the $14.3 trillion national-debt limit, a strange new mantra has surfaced among advocates of big government: We're not really facing a budget crisis. 'We're not broke,' writes E. J. Dionne in the Washington Post. 'We're not broke, and Boehner shouldn't say that we are,' echoes the Washington Monthly. 'The nation is not, in fact, broke,' agrees Paul Krugman, obviously having gotten the memo. Oh, really?" (03/23/11)  

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