Most of us realize that our government in D.C. has been out of control for over a decade (perhaps much longer).
According to this interview with Pete Stark, Congressman from California it makes sense that the more debt the government has, the wealthier the country is.
I am not certain of the rationale of this statement but perhaps it alludes to the ability of our government to borrow money reflects upon our income, ability and willingness to make payments on that debt. In October 2008 we came to an abrupt ending to that rhetoric. The past 12 months are a witness to the failure of that economic model . We shall call that "Pete Stark Economics". Perhaps in 30 years or so Mr. Stark will be the Nobel Prize winner in Economics. However I am not holding my breath,
No comments:
Post a Comment