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
- Economists See No Crisis With U.S. Debt as Economy Gains (bloomberg.com)
- ‘Mischief Week’ comes at heavy cost to homeowners (gateway-homes.co.uk)
- HARRY POTTER Fan Art – Mischief Managed (geektyrant.com)
- What Would The U.S. Debt Be If An Accountant Was In Charge? (cpamerica.org)