Reply to a comment  Reply to this comment  cejensen writes:
Model_94 writes: in response to cejensen:  I'm new to this topic
- economics. Can you help me understand this "looming debt
disaster"? What's going to happen? When? Not the sequestration,
as I think I "get" that, but the larger debt issue - you seem to
be pretty knowledgeable about it based on your recommendation to
cut 10% across the board. Well, see that's the thing. We aren't
really sure there is a debt problem....except on Fox, the Fact
Free network, or talk radio.  The debt calamity is pronounced by
the same group that said that Obama bailouts would cost
trillions and bankrupt the country, when in fact, most of the
expenditures have been paid back, several made money and the
spending saved the economy from certain disaster.  Their
pronouncement that running the printing presses would result in
hyper-inflation and a dollar worth nothing, yet we have the
lowest inflation in recent history and the world has flocked to
the dollar.  Of course they a