By fcb on 12-27-09
The punishing hangover of borrowed money is a real problem. . The ballooning national debt once looked like a long-term problem. Now, the long-term has become the middle-term, fast-forwarded by the immense government spending .
In the space of a single fiscal year, 2009, the debt soared from 41 percent of the gross domestic product to 53 percent. By way of comparison, the average for the past half-century has been 37 percent.
This sum, which does not include what the government has borrowed from its own trust funds like Social Security, is on track to rise to a crushing 100 percent.
By dsrobins on 12-28-09
Take a moment to notice the contrast between this story and the ten stories that the little country editor over at the Daily Interlake thought should be the top ten stories in his petulant little editorial today. The Beacon may have smaller circulation, but it’s far more mainstream and accurate than the Interlake ever has been, is or will be.
By Kalispell Native on 12-28-09
Yeah, fcb. It’s a shame that the hidden debt of war costs from the Bush admin has been rolled into the real numbers. It was so much easier to be lied to by the G No P.
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