Looks like the new Debt Clock still hasn’t convinced everyone that there’s a different and arguably more objective, less emotional way to view our debt situation.
For example, Mr. David M. Walker, Comptroller General of the United States, among others, has been predicting “doomsday soon.” (In my judgment, over the last two decades the doom peddlers seem to have been trying harder to sell books than to save the country; they’ve predicted fifty out of the last two recessions. Makes me wonder whether Mr. Walker has a book in the works.)
In any case, the Americans who publish this newspaper obviously agree with Mr. Walker’s rhetoric; they, too, think our country is on the edge of bankruptcy. Here’s an excerpt from a recent article in that newspaper:
Right now, America is suffering from a budget deficit, a cash flow deficit, a savings deficit, an investment deficit, a trade deficit, a moral deficit and a leadership and competency deficit. Is there anything left that we are not deficient in?
I disagree with the doom peddlers, of course; so I’ll keep hammering away at the side of the argument they never seem to acknowledge. And if you spot any aspect of the debate that needs a little more coverage from this side, send me an email and let me know.
