Tag Archive for ‘debt’
“It’s time to stop worrying about the deficit—and start panicking about the debt,” the Washington Post editorial began. “The fiscal situation was serious before the recession. It is now dire.”
Alexander Hamilton said debt is a blessing: It oils the wheels of business and enhances national power. Jefferson said debt is a curse: It binds future generations without their consent, striking at the very heart of the Republic—the consent of the governed.