Come, sweet debt: Civilizational reset on the horizon

posted by
March 12, 2012
Competitive Enterprise Institute
by Matt Patterson  
Posted in Commentary

"From the presidential inaugurations of George Washington to George W. Bush, our federal government accrued a debt of more than $5 trillion. Thanks to the spending binges of Bush and President Obama, our national debt is now in excess of $15 trillion. It is a sum equal to our entire national gross domestic product. It is a sum greater than the combined economies of China and Japan." (03/09/12)

http://tinyurl.com/7geutd5  

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