Tom Matlack writes on The Good Men Project:
The web is abuzz with TED’s decision not to let a former Amazon.com investor make his case for middle-class job creation. Meanwhile Facebook founder Mark Zuckerberg gets ready to watch his $20 or so billion become liquid when his company opens trading this morning. The French and Greeks have elected liberal leaders who campaigned against austerity as the answer to the Euro debt crisis. And here in the United States the general election is kicking into high gear with the Romney campaign releasing this ad yesterday in key swing states.
Let’s try to get a few things straight here before resorting to mud slinging.
1) Any way you slice it we have a debt problem threatening to kill us.
Government spending here in the United States and across much of the developed world is completely out of control. As of March 2012, debt held by the public was $10.85 trillion or approximately 70% GDP, while the intragovernmental debt was $4.74 trillion or approximately 30% GDP.… Read the rest