All Commentary
Friday, September 2, 2011

White House Projects Lower Deficit

“But the report says that the national debt, which stands at $14.6 trillion, would still continue to climb if a budget proposed by President Obama in February were enacted. The debt would rise to $24 trillion by 2021 — or 99 percent of the nation’s entire annual economic output.

White House budget director Jacob J. Lew said that the report, released Thursday, “underscores that we need to get back on a sustainable fiscal path and that we need to invest in economic growth and job creation.” (Washington Post)

We need to “invest” even more?  Like trying to get out of the hole by digging up?

FEE Timely Classic

The Threat Is in the Spending” by Christopher Lingle