This is an apt analogy for our nation’s current fiscal crisis. Because of an accounting gimmick where governments pretend future liabilities don’t exist and, therefore, don’t account for them, most Americans don’t know how big the problem really is. The amount typically reported, nearly $16 trillion, is actually only the surface of our debt. According […]
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‘Red states’ should pay off GOP debt
A big national debt and big spending are scary. They sure scare me. But I’m sure most of you have heard the saying, “It’s easier to scare people than to find the facts.” What facts? Well, in 1981, the national debt was almost $1 trillion. This was debt left over from World War II, the […]