I personally believe that U.S. debt is not a “crisis,” particularly with the economy now expanding. It would be crazy to derail the expansion, which will do much to mitigate debt, by sharply cutting government spending.

But as you can see from the graphic at Fix The Debt., the debt is an issue that’s not going away. Plenty of opportunities (speed bumps) for mischief between now and 2014 elections.

Just my opinion.  — John Hayden

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