RHSimard Wrote:
Feb 15, 2013 5:55 AM
"Elected officials, who want to buy what they can’t afford, and the public, who don’t want their taxes raised, are complicit in passing on huge debt to generations that aren’t even born yet. " Which brings us to a point that Dan Mitchell makes here regularly: debt and deficits are not the real problem; they are symptoms of it. The real problem is spending. Whether by taxation, borrowing or monetizing, spending has to be covered somehow, and this article points out the damage done by one of those ways. The others have their drawbacks too.