Debt Ceiling Nonsense: Debt, Debt and More Debt

It’s frustrating when one of my favorite publications supports increasing government debt. This week The Economist blows it. In the early days of the economic crisis the West’s leaders did a reasonable job of clearing up a mess that was only partly of their making. The bailouts were a failure and dramatically increased government debt. …

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More Obama spin on the debt deal

The spin doctoring continues on the new debt deal. Click the following link for the transcript of President Obama’s statement from July 31st. And see here for critique of two recent Obama speeches. The spin starts early: “The first part of this agreement will cut about $1 trillion in spending over the next 10 years …

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