Framing the Dialogue

Posts Tagged ‘boetcker’

The Ten Cannots

There was a news item a few days ago that got very little attention yet was perhaps the story of 2012 less than two weeks into the new year.  It should have been front page above the fold with a bold, red headline.  The total debt of the United States now exceeds our Gross Domestic Product, or

“The 100% mark means that your entire debt is as big as everything you’re producing in your country.”

“Economist Mark Zandi of Moody’s Analytics says reaching the 100% mark shows ‘the grave need to address our long-term fiscal problems.”