It turns out that on a twelve-month average basis, federal outlays in nominal (constant) dollars have fallen for the first time since rapid demobilization after the Korean War. Here's the story.
Bottom line: there is no federal debt crisis. There is still a jobs crisis.
Our political leadership continues to worry about the wrong thing.
By the way, putting people back to work will bring the deficit down even further and faster.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment