The national debt is high, but it is by no means out of control; that's just a myth.
And "austerity" programs at this point will only make it worse, not better. What we need is *more* government spending, not less, to get the economy moving again. *Then* we can take measures to reduce the deficit without risking a double-dip recession and vastly greater human suffering. Or we could have, if it weren't for the scare stories about the deficit that made it possible for the GOP to hold the debt ceiling hostage until they got the spending cuts they wanted. --- In FairfieldLife@yahoogroups.com, "John" <jr_esq@...> wrote: > > The debt is estimated to be now at $13.4 trillion. This is equivalent to > three times the national debt when the US was involved in WWII. We are now > at war with our own inability to manage the national financial affairs. > > http://en.wikipedia.org/wiki/File:USDebt.png >
