Daily Reading
Is it possible to reduce the deficit while increasing spending? Proponents say that growth will spur increased revenues. In my mind, there’s a high burden of proof to accepting that argument, but unfortunately this article doesn’t address that issue.
Why selling our debt to China was riskier for them than for us. It seems to boil down to the adage: “If you owe the bank $1 million, you’re in trouble. If you owe the bank $1 trillion, the bank’s in trouble.”
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