2013년 11월 28일 목요일

오후 12:11

By Ardella Hawks

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About 'what is the us debt today'|...this is what gives us our leverage. The US prints currency that is not backed...this excessive debt does not...drastically. In fact, today, the existence...







About 'what is the us debt today'|...this is what gives us our leverage. The US prints currency that is not backed...this excessive debt does not...drastically. In fact, today, the existence...








               Ｄｉｄ               ｙｏｕ               ｋｎｏｗ               ｔｈａｔ               ｔｈｅ               ＵＳ               Ｎａｔｉｏｎａｌ               Ｄｅｂｔ               ｉｓ               ａｌｍｏｓｔ               $17               ｔｒｉｌｌｉｏｎ               ａｎｄ               ｇｒｏｗｉｎｇ               ａｔ               ａ               ｒａｔｅ               ｏｆ               ｈｕｎｄｒｅｄｓ               ｏｆ               ｂｉｌｌｉｏｎｓ               ｏｆ               ｄｏｌｌａｒｓ               ａ               ｙｅａｒ?

Ｏｒ               ｗａｉｔ,               ｍａｙｂｅ               ｔｈｅ               ｄｅｂｔ               ｉｓ               ａｔ               $70               ｔｒｉｌｌｉｏｎ.

Ｏｒ               ｉｓ               ｉｔ               $86.8               ｔｒｉｌｌｉｏｎ?
               Ｒｅｇａｒｄｌｅｓｓ,               ｗｈａｔ'ｓ               ｉｍｐｏｒｔａｎｔ               ｉｓ               ｔｈａｔ               ｏｕｒ               ｃｏｕｎｔｒｙ               ｏｗｅｓ               ａ               ｚｉｌｌｉｏｎ               ｂａｊｉｌｌｉｏｎ               ｄｏｌｌａｒｓ               ａｎｄ               ｔｈａｔ               ｇｒｏｗｉｎｇ               ｎｕｍｂｅｒ               ｗｉｌｌ               ｌｅａｄ               ｔｏ               ｔｈｅ               ｆｅｄｅｒａｌ               ｇｏｖｅｒｎｍｅｎｔ               ｇｏｉｎｇ               ｂａｎｋｒｕｐｔ               ｌｉｋｅ               ｔｈｅ               Ｃｉｔｙ               ｏｆ               Ｄｅｔｒｏｉｔ,               ｔｈｅ               Ｃｈｉｎｅｓｅ               ｍａｒｃｈｉｎｇ               ｉｎ               ｗｉｔｈ               ｔｈｅｉｒ               ＵＳ               ｄｅｂｔ               ｈｏｌｄｉｎｇｓ               ａｎｄ               ｔａｋｉｎｇ               ｏｖｅｒ,               ｏｒ               ｗｏｒｓｅ!

Ｅｖｅｎ               ｉｎ               ｔｈｅ               ｓｈｏｒｔ               ｔｅｒｍ,               ｙｏｕ               ｈａｖｅ               ｐｅｏｐｌｅ               ｌｉｋｅ               Ｄｏｎａｌｄ               Ｔｒｕｍｐ               ｓｔａｔｉｎｇ               ｔｈａｔ               "Ｗｈｅｎ               ｙｏｕ               ｈａｖｅ               [ｄｅｂｔ]               ｉｎ               ｔｈｅ               $21-$22               ｔｒｉｌｌｉｏｎ               [ｒａｎｇｅ],               ｙｏｕ               ａｒｅ               ｔａｌｋｉｎｇ               ａｂｏｕｔ               ａ               [ｃｒｅｄｉｔ]               ｄｏｗｎｇｒａｄｅ               ｎｏ               ｍａｔｔｅｒ               ｈｏｗ               ｙｏｕ               ｃｕｔ               ｉｔ."               Ａ               ｃｒｅｄｉｔ               ｄｏｗｎｇｒａｄｅ!

Ｔｈａｔ               ｍｅａｎｓ               ｔｈｅ               ＵＳ               ｗｏｕｌｄ               ｈａｖｅ               ｔｏ               ｐａｙ               ｅｖｅｎ               ｈｉｇｈｅｒ               ｒａｔｅｓ               ｏｎ               ｔｈｅ               ｍｏｎｅｙ               ｉｔ               ｂｏｒｒｏｗｓ,               ｍｅａｎｉｎｇ               ｔｈｅ               ｄｅｂｔ               ｗｏｕｌｄ               ｉｎｃｒｅａｓｅ               ｅｖｅｎ               ｆａｓｔｅｒ!

Ａｎｄ               Ｄｏｎａｌｄ               Ｔｒｕｍｐ               ｉｓ               ｒｅａｌｌｙ               ｒｉｃｈ,               ｓｏ               ｙｏｕ               ｋｎｏｗ               ｈｅ'ｓ               ｓｍａｒｔ               ａｎｄ               ｗｏｕｌｄｎ'ｔ               ｂｅ               ｍａｋｉｎｇ               ｌｕｄｉｃｒｏｕｓ               ｃｌａｉｍｓ               ｗｉｔｈ               ｎｏ               ｂａｓｉｓ               ｉｎ               ｒｅａｌｉｔｙ.
               
               Ａｒｅ               ｙｏｕ               ｔｅｒｒｉｆｉｅｄ               ｙｅｔ?

Ｒｅａｄｙ               ｔｏ               ｄｅｍａｎｄ               ｔｈａｔ               ｔｈｅ               ｇｏｖｅｒｎｍｅｎｔ               ｂａｌａｎｃｅ               ｔｈｅ               ｂｕｄｇｅｔ               ｏｒ,               ｂｅｔｔｅｒ               ｙｅｔ,               ｐａｙ               ｏｆｆ               ｏｕｒ               ｄｅｂｔ               ｅｎｔｉｒｅｌｙ?

Ｒｅｌａｘ.

Ｉ               ｗａｓ               ｏｎｃｅ               ｌｉｋｅ               ｙｏｕ,               ｗｏｒｒｉｅｄ               ｔｈａｔ               ｔｈｅ               ＵＳ               Ｇｏｖｅｒｎｍｅｎｔ               ｗａｓ               ｏｖｅｒｓｐｅｎｄｉｎｇ               ａｎｄ               ｕｎｄｅｒｔａｘｉｎｇ               ｏｕｒ               ｗａｙ               ｔｏ               ｆｉｎａｎｃｉａｌ               ｃｏｌｌａｐｓｅ               ａｎｄ               ｐｕｔｔｉｎｇ               ａｎ               ｕｎｄｕｅ               ｂｕｒｄｅｎ               ｏｎ               ｆｕｔｕｒｅ               ｇｅｎｅｒａｔｉｏｎｓ.

Ｉ               ｃｒｉｎｇｅｄ               ａｔ               ｔｈｅ               ｔｈｏｕｇｈｔ               ｏｆ               ｔｈｅ               ＵＳ               ｇｏｖｅｒｎｍｅｎｔ               ｐａｙｉｎｇ               ｎｅａｒｌｙ               $3               ｔｒｉｌｌｉｏｎ               ｉｎ               ｉｎｔｅｒｅｓｔ               -               ａｌｍｏｓｔ               $10ｋ               ｐｅｒ               Ａｍｅｒｉｃａｎ               -               ｗｈｉｌｅ               Ｉ               ｒｅｓｐｏｎｓｉｂｌｙ               ｐａｉｄ               ａｌｌ               ｍｙ               ｃｒｅｄｉｔ               ｃａｒｄｓ               ａｎｄ               ｄｅｂｔ               ｐａｙｍｅｎｔｓ               ｉｎ               ｆｕｌｌ               ｅａｃｈ               ｍｏｎｔｈ.

Ｉ               ｇｏｔ               ａ               ｗａｒｍ,               ｆｕｚｚｙ               ｆｅｅｌｉｎｇ               ｆｒｏｍ               ｐｏｌｉｔｉｃｉａｎｓ               ａｎｄ               ｊｏｕｒｎａｌｉｓｔｓ               ｗｈｏ               ｔａｌｋｅｄ               ｏｆ               ｂａｌａｎｃｉｎｇ               ｔｈｅ               ｆｅｄｅｒａｌ               ｂｕｄｇｅｔ               (ｔｈａｔ               ｗｏｕｌｄ               ｐｒｏｂａｂｌｙ               ｉｎｃｌｕｄｅ               ａｌｍｏｓｔ               ｅｖｅｒｙ               ｐｏｌｉｔｉｃｉａｎ               ｔｈｅｓｅ               ｄａｙｓ).

Ｂｕｔ               Ｉ,               ｌｉｋｅ               ｍａｎｙ               ｏｔｈｅｒｓ,               ｂｏｕｇｈｔ               ｉｎｔｏ               ａ               ｃｒｉｔｉｃａｌ               ｍｉｓｕｎｄｅｒｓｔａｎｄｉｎｇ               ｏｆ               ｈｏｗ               ｔａｘａｔｉｏｎ,               ｓｐｅｎｄｉｎｇ,               ａｎｄ               ｐｕｂｌｉｃ               ｄｅｂｔ               ｗｏｒｋ               ｗｉｔｈ               ｆｉａｔ               ｃｕｒｒｅｎｃｙ               ｌｉｋｅ               ｔｈｅ               ＵＳ               Ｄｏｌｌａｒ.

Ｉｎ               ｒｅａｌｉｔｙ,               ｔｈｅｒｅ               ｉｓ               ｎｏ               ｃｏｈｅｒｅｎｔ               ｐｏｓｓｉｂｉｌｉｔｙ               ｆｏｒ               ｔｈｅ               ＵＳ               ｇｏｖｅｒｎｍｅｎｔ               ｔｏ               ｇｏ               ｂａｎｋｒｕｐｔ,               ｅｘｐｅｒｉｅｎｃｅ               ａ               ｃｒｅｄｉｔ               ｄｏｗｎｇｒａｄｅ,               ｏｒ               ｂｅ               ｃｏｅｒｃｅｄ               ｂｙ               ｆｏｒｅｉｇｎ               ｄｅｂｔ-ｈｏｌｄｅｒｓ               ｄｕｅ               ｔｏ               ｅｘｃｅｓｓｉｖｅ               ｄｅｂｔ.

Ｔｈｅｓｅ               ａｒｅ               ａｌｌ               ｌｏｇｉｃａｌｌｙ               ａｂｓｕｒｄ               ｏｕｔｃｏｍｅｓ               ｔｈａｔ               ｄｏｎ'ｔ               ｅｖｅｎ               ｍｅｒｉｔ               ａｃｋｎｏｗｌｅｄｇｍｅｎｔ.

Ｉｎ               ｆａｃｔ,               ｊｕｓｔ               ｔｈｅ               ｎｏｔｉｏｎ               ｏｆ               ａｎｙ               ｇｏｖｅｒｎｍｅｎｔ               ｂｅｉｎｇ               ｉｎ               ｄｅｂｔ               ｏｆ               ｔｈｅ               ｃｕｒｒｅｎｃｙ               ｉｔ               ｉｓｓｕｅｓ               ｉｓ               ｒａｔｈｅｒ               ａｂｓｕｒｄ               ａｓ               ｗｅｌｌ.
               Ｃｈｕｃｋ               Ｅ.

Ｃｈｅｅｓｅ'ｓ               ａｎｄ               ｔｈｅ               Ｎｅｖｅｒ-Ｅｎｄｉｎｇ               Ｓｕｐｐｌｙ               ｏｆ               Ｆｉａｔ               Ｃｕｒｒｅｎｃｙ
               Ａｎｙｏｎｅ               ｆａｍｉｌｉａｒ               ｗｉｔｈ               ｔｈｅ               ｔｅｒｍ               "ｆｉａｔ               ｃｕｒｒｅｎｃｙ"               ｉｓ               ａｗａｒｅ               ｔｈａｔ               ｔｈｅ               ＵＳ               ｇｏｖｅｒｎｍｅｎｔ               ｈａｓ               ａｎ               ｉｎｆｉｎｉｔｅ               ｓｕｐｐｌｙ               ｏｆ               ｄｏｌｌａｒｓ               ａｔ               ａｌｌ               ｔｉｍｅｓ.

Ｅｖｅｒｙ               ｄｏｌｌａｒ               ｉｎ               ｃｉｒｃｕｌａｔｉｏｎ               ｔｏｄａｙ               ｗａｓ               ｃｒｅａｔｅｄ,               ａｎｄ               ｄｉｓｔｒｉｂｕｔｅｄ,               ｂｙ               ｔｈｅ               ＵＳ               ｇｏｖｅｒｎｍｅｎｔ               ａｔ               ｏｎｅ               ｐｏｉｎｔ               ｏｒ               ａｎｏｔｈｅｒ.

Ｎｏｔｅ               ｔｈａｔ               Ｉ               ｕｓｅｄ               ｔｈｅ               ｔｅｒｍ               "ｄｉｓｔｒｉｂｕｔｅｄ"               ｉｎｓｔｅａｄ               ｏｆ               "ｓｐｅｎｔ,"               ｂｕｔ               ｔｈｏｓｅ               ｗｏｒｄｓ               ａｒｅ               ｅｑｕｉｖａｌｅｎｔ               ｉｎ               ｔｈｉｓ               ｃｏｎｔｅｘｔ               ｓｉｎｃｅ               ｔｈｅ               ｄｉｓｔｒｉｂｕｔｉｏｎ               ｏｆ               ｄｏｌｌａｒｓ               ｆｒｏｍ               ｔｈｅ               ＵＳ               ｇｏｖｅｒｎｍｅｎｔ               ｔｏ               ｏｔｈｅｒ               ｐａｒｔｉｅｓ               ｉｓ               ｔｈｅ               ｖｅｒｙ               ｄｅｆｉｎｉｔｉｏｎ               ｏｆ               ｇｏｖｅｒｎｍｅｎｔ               ｓｐｅｎｄｉｎｇ.

Ｏｎｃｅ               ａ               ｄｏｌｌａｒ               ｉｓ               ｉｎ               ｃｉｒｃｕｌａｔｉｏｎ,               ｉｔ               ｃａｎ               ｂｅ               ｕｓｅｄ               ｔｏ               ｐａｙ               ｔａｘｅｓ               ｏｒ               ｅｘｃｈａｎｇｅｄ               ｆｏｒ               ｇｏｏｄｓ               ａｎｄ               ｓｅｒｖｉｃｅｓ               ｉｎ               ｔｈｅ               ｆｒｅｅ               ｍａｒｋｅｔ.
               Ｔｈｅ               ＵＳ               ｇｏｖｅｒｎｍｅｎｔ'ｓ               ｃａｐａｃｉｔｙ               ｔｏ               ｐｒｏｄｕｃｅ               ｄｏｌｌａｒｓ               ｉｓ               ｑｕｉｔｅ               ｓｉｍｉｌａｒ               ｔｏ               Ｃｈｕｃｋ               Ｅ.

Ｃｈｅｅｓｅ'ｓ               ｃａｐａｃｉｔｙ               ｔｏ               ｐｒｏｄｕｃｅ               ｉｔｓ               ｔｉｃｋｅｔｓ.

Ｉｔ               ｃａｎ               ｃｒｅａｔｅ               ｔｈｅｍ               ａｎｄ               ｄｉｓｔｒｉｂｕｔｅ               ｔｉｃｋｅｔｓ               ｈｏｗｅｖｅｒ               ｉｔ               ｌｉｋｅｓ,               ａｎｄ               ｉｔ               ａｌｓｏ               ｃｏｌｌｅｃｔｓ               ｔｈｅｍ               ａｔ               ｔｈｅｉｒ               ａｒｃａｄｅ               ｓｔｏｒｅｓ.

Ｂｕｔ,               ｔｈｅ               ｐｒｏｃｅｓｓ               ｏｆ               ａｗａｒｄｉｎｇ               ｔｉｃｋｅｔｓ               ｔｈｒｏｕｇｈ               ｉｔｓ               ｍａｃｈｉｎｅｓ               ｄｏｅｓｎ'ｔ               ｄｅｐｅｎｄ               ｏｎ               ｈｏｗ               ｍａｎｙ               ｔｉｃｋｅｔｓ               ａｒｅ               ｃｏｌｌｅｃｔｅｄ               ａｔ               ｔｈｅｉｒ               ｓｔｏｒｅｓ.

Ｑｕｉｔｅ               ｓｉｍｐｌｙ,               Ｃｈｕｃｋ               Ｅ.

Ｃｈｅｅｓｅ'ｓ               ｃａｎ               ｎｅｖｅｒ               ｒｕｎ               ｏｕｔ               ｏｆ               ｔｉｃｋｅｔｓ               ｏｒ               ｅｖｅｒ               ｈａｖｅ               ａ               ｃｏｍｐｅｌｌｉｎｇ               ｎｅｅｄ               ｔｏ               ａｃｑｕｉｒｅ               ｔｈｅｍ.
               
               Ｎｏｗ,               ｉｍａｇｉｎｅ               ａ               ｗｏｒｌｄ               ｗｈｅｒｅ               Ｃｈｕｃｋ               Ｅ.

Ｃｈｅｅｓｅ'ｓ               ｉｓ               ｄｕｌｙ               ｅｌｅｃｔｅｄ               ｔｏ               ｒｅｐｒｅｓｅｎｔ               ｔｈｅ               ｐｅｏｐｌｅ,               ａｎｄ               ａ               ｎｅｗ               ｃｏｎｓｔｉｔｕｔｉｏｎ               ｉｓ               ｄｒａｆｔｅｄ               ｇｉｖｉｎｇ               ｔｈｅｍ               ｐｏｗｅｒｓ               ｏｆ               ｔａｘａｔｉｏｎ               ａｎｄ               ｄｅｃｌａｒｉｎｇ               ｔｈｅ               ｔｉｃｋｅｔ               ａｓ               ｔｈｅ               ｎａｔｉｏｎａｌ               ｃｕｒｒｅｎｃｙ.

Ｌｅｔ'ｓ               ａｓｓｕｍｅ               ｔｈａｔ,               ｏｎ               ｄａｙ               ｏｎｅ               ｏｆ               ｔｈｉｓ               ｎｅｗ               ｏｒｄｅｒ,               ｔｈｅ               ｇｏｖｅｒｎｍｅｎｔ               ｈａｓ               ｎｏｔ               ｙｅｔ               ｄｉｓｔｒｉｂｕｔｅｄ               ａｎｙ               ｔｉｃｋｅｔｓ.

Ａｌｔｈｏｕｇｈ               ｔｈｅｙ               ｓｔｉｌｌ               ｈａｖｅ               ｉｎｆｉｎｉｔｙ               ｏｆ               ｔｈｅｍ,               ａｓ               ｔｈｅｙ               ａｌｗａｙｓ               ｄｏ,               ｔｈｅ               ｐｅｏｐｌｅ               ｈａｖｅ               ｎｏｎｅ               ａｎｄ               ａｒｅ               ｕｓｉｎｇ               ａ               ｂａｒｔｅｒ               ｓｙｓｔｅｍ               (ｏｒ               ｍａｙｂｅ               ＳＯＪｓ               ａｎｄ               Ｂｉｔｃｏｉｎｓ)               ｆｏｒ               ｔｒａｄｅ.
               Ｉｔ'ｓ               ｎｏｔ               ｒｅａｌｌｙ               ａ               ｇｏｖｅｒｎｍｅｎｔ               ｗｉｔｈｏｕｔ               ａｎｙ               ｇｏｖｅｒｎｍｅｎｔ               ｓｐｅｎｄｉｎｇ,               ｓｏ               Ｐｒｅｓｉｄｅｎｔ               Ｃｈｅｅｓｅ               ｈｉｍｓｅｌｆ               ｄｅｃｌａｒｅｓ               ｔｈａｔ               ｔｈｅｙ               ａｒｅ               ｈｉｒｉｎｇ               ｐｏｌｉｃｅｍｅｎ,               ｔｅａｃｈｅｒｓ,               ｒｏａｄ               ｂｕｉｌｄｅｒｓ,               ａｎｄ               ｍｉｓｃｅｌｌａｎｅｏｕｓ               ｐａｐｅｒ               ｐｕｓｈｅｒｓ               ｔｏ               ｂｅ               ｐａｉｄ               ｉｎ               ｔｉｃｋｅｔｓ.

Ｔｏ               ｈｉｓ               ｄｉｓｍａｙ,               ｈｅ               ｇｅｔｓ               ｅｘａｃｔｌｙ               ｚｅｒｏ               ａｐｐｌｉｃａｔｉｏｎｓ.

Ｎｏｂｏｄｙ               ｉｓ               ｔｒａｄｉｎｇ               ｔｉｃｋｅｔｓ,               ｎｏｂｏｄｙ               ｈａｓ               ａ               ｎｅｅｄ               ｆｏｒ               ｔｈｅｍ,               ａｎｄ               ｉｎ               ｆａｃｔ               ｔｉｃｋｅｔｓ               ｄｏｎ'ｔ               ｅｖｅｎ               ｂｕｒｎ               ｗｅｌｌ               ｅｎｏｕｇｈ               ｔｏ               ｈｅａｔ               ｏｎｅ'ｓ               ｈｏｕｓｅ.

Ｌｉｋｅｗｉｓｅ,               ｎｏｂｏｄｙ               ｉｓ               ｗｉｌｌｉｎｇ               ｔｏ               ｔａｋｅ               ａ               ｊｏｂ               ｔｈａｔ               ｐａｙｓ               ｉｎ               ｔｉｃｋｅｔｓ.
               Ｂｕｔ               Ｐｒｅｓｉｄｅｎｔ               Ｃｈｅｅｓｅ               ｉｓ               ａ               ｒｅｓｏｕｒｃｅｆｕｌ               ｍｏｕｓｅ               ａｎｄ               ｈｅ               ｆｉｇｕｒｅｓ               ｏｕｔ               ａ               ｓｏｌｕｔｉｏｎ.

"Ａｌｌ               ｃｉｔｉｚｅｎｓ               ｗｉｌｌ               ｂｅ               ｒｅｑｕｉｒｅｄ               ｔｏ               ｐａｙ               ａ               ｔａｘ               ｏｆ               10               ｔｈｏｕｓａｎｄ               ｔｉｃｋｅｔｓ               ａｔ               ｔｈｅ               ｅｎｄ               ｏｆ               ｔｈｅ               ｙｅａｒ,               ａｎｄ               ｖｉｏｌａｔｏｒｓ               ｗｉｌｌ               ｂｅ               ｔｈｒｏｗｎ               ｉｎ               ｊａｉｌ               ｆｏｒ               ｔａｘ               ｅｖａｓｉｏｎ!"               ｈｅ               ｄｅｃｒｅｅｓ.

Ｎｏｗ               ｔｈａｔ               ｍａｙ               ｎｏｔ               ｂｅ               ｔｈｅ               ｆａｉｒｅｓｔ               ｗａｙ               ｔｏ               ａｌｌｏｃａｔｅ               ｔａｘ               ｂｕｒｄｅｎｓ               ｔｏ               ｔｈｅ               ｐｏｐｕｌａｔｉｏｎ,               ｂｕｔ               ｉｔ               ｄｏｅｓ               ｔｈｅ               ｊｏｂ.

Ｐｅｏｐｌｅ,               ｎｏｗ               ｃｌａｍｏｒｉｎｇ               ｆｏｒ               ｔｉｃｋｅｔｓ               ｔｏ               ａｖｏｉｄ               ｊａｉｌ               ｔｉｍｅ,               ｓｉｇｎ               ｕｐ               ｔｏ               ｂｅｃｏｍｅ               ｇｏｖｅｒｎｍｅｎｔ               ｅｍｐｌｏｙｅｅｓ               ｉｎ               ｄｒｏｖｅｓ.

Ｔｈｏｓｅ               ｔｈａｔ               ｄｏｎ'ｔ               ｊｏｉｎ               ｔｈｅ               ｐｕｂｌｉｃ               ｓｅｃｔｏｒ               ｉｎｓｔｅａｄ               ｔｒａｄｅ               ｔｈｅｉｒ               ｇｏｏｄｓ               ａｎｄ               ｓｅｒｖｉｃｅｓ               ｔｏ               ｇｏｖｅｒｎｍｅｎｔ               ｅｍｐｌｏｙｅｅｓ               ｉｎ               ｅｘｃｈａｎｇｅ               ｆｏｒ               ｔｉｃｋｅｔｓ.

Ｓｏｏｎ,               ｅｖｅｒｙｔｈｉｎｇ               ｆｒｏｍ               ａａｒｄｖａｒｋ               ｍｅａｔ               ｔｏ               ｚｕｃｃｈｉｎｉ               ｂｒｅａｄ               ｃａｎ               ｂｅ               ｂｏｕｇｈｔ               ａｎｄ               ｓｏｌｄ               ｆｏｒ               ｔｉｃｋｅｔｓ.
               Ｆｏｒ               ｔｈｅ               ｓａｋｅ               ｏｆ               ｔｈｉｓ               ｅｘａｍｐｌｅ,               ｓｕｐｐｏｓｅ               ｔｈａｔ               10               ｂｉｌｌｉｏｎ               ｔｉｃｋｅｔｓ               ａｒｅ               ｐａｉｄ               ｔｏ               ｇｏｖｅｒｎｍｅｎｔ               ｅｍｐｌｏｙｅｅｓ               ｉｎ               ｔｈｅ               ｆｉｒｓｔ               ｙｅａｒ,               ｗｈｉｌｅ               9               ｂｉｌｌｉｏｎ               ｔｉｃｋｅｔｓ               ａｒｅ               ｃｏｌｌｅｃｔｅｄ               ｉｎ               ｔａｘｅｓ.

Ｗｉｔｈ               10               ｂｉｌｌｉｏｎ               ｔｉｃｋｅｔｓ               ｇｏｉｎｇ               ｉｎｔｏ               ｅｃｏｎｏｍｙ,               ａｎｄ               9               ｂｉｌｌｉｏｎ               ｃｏｍｉｎｇ               ｏｕｔ,               ｔｈａｔ               ｌｅａｖｅｓ               1               ｂｉｌｌｉｏｎ               ｔｉｃｋｅｔｓ               ｉｎ               ｃｉｒｃｕｌａｔｉｏｎ.

Ｉｔ               ａｌｓｏ               ｍｅａｎｓ               ｔｈａｔ               ｔｈｅ               ｇｏｖｅｒｎｍｅｎｔ               ｓｐｅｎｔ               ａ               ｂｉｌｌｉｏｎ               ｍｏｒｅ               ｔｉｃｋｅｔｓ               ｔｈａｎ               ｉｔ               ｃｏｌｌｅｃｔｅｄ,               ａｌｔｈｏｕｇｈ               ｓｔｒａｎｇｅｌｙ               ｔｈｅｒｅ               ｉｓ               ｓｔｉｌｌ               ｎｏ               ｇｏｖｅｒｎｍｅｎｔ               ｄｅｂｔ.

Ａｔ               ｔｈｅ               ｅｎｄ               ｏｆ               ｔｈｅ               ｄａｙ,               ｔｈｅ               ｇｏｖｅｒｎｍｅｎｔ               ｌｅｖｅｒａｇｅｄ               ｉｔｓ               ｐｏｗｅｒ               ｏｆ               ｔａｘａｔｉｏｎ               ｔｏ               ｔａｋｅ               ｓｏｍｅ               ｏｆ               ｔｈｅ               ｗｏｒｋｆｏｒｃｅ               ａｎｄ               ｐｕｔ               ｉｔ               ｔｏｗａｒｄｓ               ｐｒｏｖｉｄｉｎｇ               ｒｏａｄｓ,               ｐｏｌｉｃｅ,               ａｎｄ               ｔｅａｃｈｅｒｓ.

Ｔｈｅ               ｇｏｖｅｒｎｍｅｎｔ               ｃａｎ               ｃｏｎｔｉｎｕｅ               ｏｐｅｒａｔｉｎｇ               ｗｉｔｈ               ｔｈｉｓ               ｂｕｄｇｅｔ               ａｓ               ｌｏｎｇ               ａｓ               ｉｔ               ｗａｎｔｓ.

Ｔｈｅ               ｏｎｌｙ               ｄｉｒｅｃｔ               ｉｍｐａｃｔ               ｏｆ               ｔｈｅ               ｄｅｆｉｃｉｔ               ｉｓ               ｔｈａｔ               ａ               ｂｉｌｌｉｏｎ               ｔｉｃｋｅｔｓ               ａｒｅ               ｐｕｔ               ｉｎｔｏ               ｃｉｒｃｕｌａｔｉｏｎ               ｅａｃｈ               ｙｅａｒ.

Ｓｏｕｎｄｓ               ａｌｌ               ｗｅｌｌ               ａｎｄ               ｇｏｏｄ,               ｒｉｇｈｔ?
               Ｄｏｅｓ               ｔｈｅ               Ｄｅｆｉｃｉｔ               Ｍａｔｔｅｒ               ａｔ               Ａｌｌ?
               Ｒｅｍｅｍｂｅｒ               ｔｈａｔ               ｇｏｖｅｒｎｍｅｎｔ               ｓｐｅｎｄｉｎｇ               ｉｎｊｅｃｔｓ               ｍｏｎｅｙ               ｉｎｔｏ               ａｎ               ｅｃｏｎｏｍｙ,               ｗｈｉｌｅ               ｇｏｖｅｒｎｍｅｎｔ               ｔａｘｉｎｇ               ｔａｋｅｓ               ｉｔ               ａｗａｙ.

Ｉｆ               ｙｏｕ               ｈａｖｅ               ｔｏｏ               ｍｕｃｈ               ｏｆ               ｔｈｅ               ｆｏｒｍｅｒ,               ｂｕｔ               ｎｏｔ               ａ               ｌｏｔ               ｏｆ               ｔｈｅ               ｌａｔｔｅｒ,               ｔｈｅ               ｓｕｐｐｌｙ               ｏｆ               ｍｏｎｅｙ               ｇｒｏｗｓ               ａｔ               ａ               ｖｅｒｙ               ｆａｓｔ               ｐａｃｅ.

Ｗｈｅｎ               ｉｔ               ｇｒｏｗｓ               ｆａｓｔｅｒ               ｔｈａｎ               ｔｈｅ               ｏｕｔｐｕｔ               ｏｆ               ｔｈｅ               ｅｃｏｎｏｍｙ,               ｔｈｅ               ｃｕｒｒｅｎｃｙ               ｉｎ               ｑｕｅｓｔｉｏｎ               ｅｘｐｅｒｉｅｎｃｅｓ               ｉｎｆｌａｔｉｏｎａｒｙ               ｐｒｅｓｓｕｒｅ.

Ｉｎｆｌａｔｉｏｎ               ｉｓ               ｎｏｔ               ａｌｗａｙｓ               ａ               ｂａｄ               ｔｈｉｎｇ               -               ｉｔ               ｉｓ               ｅｆｆｅｃｔｉｖｅｌｙ               ｅｑｕｉｖａｌｅｎｔ               ｔｏ               ａ               ｔａｘ               ｏｎ               ｔｈｏｓｅ               ｗｈｏ               ｈｏｌｄ               ｍｏｎｅｙ               -               ｂｕｔ               ｌａｒｇｅ               ｏｒ               ｕｎｐｒｅｄｉｃｔａｂｌｅ               ａｍｏｕｎｔｓ               ｏｆ               ｉｔ               ｕｓｕａｌｌｙ               ａｒｅ               ｕｎｄｅｓｉｒａｂｌｅ.

Ｙｅｔ,               ｓｏｍｅｔｉｍｅｓ               ｉｎｆｌａｔｉｏｎａｒｙ               ｐｒｅｓｓｕｒｅ               ａｎｄ               ｐｕｔｔｉｎｇ               ｍｏｎｅｙ               ｉｎｔｏ               ａｎ               ｅｃｏｎｏｍｙ               ｃａｎ               ａｃｔｕａｌｌｙ               ｒｅｓｕｌｔ               ｉｎ               ａ               ｍｏｒｅ               ｐｒｏｄｕｃｔｉｖｅ               ａｎｄ               ｐｒｏｓｐｅｒｏｕｓ               ｓｏｃｉｅｔｙ.

Ｔｈｉｓ               ｉｓ               ｇｅｎｅｒａｌｌｙ               ｔｒｕｅ               ｄｕｒｉｎｇ               ｒｅｃｅｓｓｉｏｎｓ,               ｉｎｃｌｕｄｉｎｇ               ｔｈｅ               ｒｅｃｅｎｔ               2008               ｃｒａｓｈ               ｔｈａｔ               ｗｅ'ｒｅ               ｓｔｉｌｌ               ｒｅｃｏｖｅｒｉｎｇ               ｆｒｏｍ.

Ｉｎ               ａ               ｒｅｃｅｓｓｉｏｎ,               ｂｕｓｉｎｅｓｓｅｓ               ｌｏｓｅ               ｒｅｖｅｎｕｅ               ａｎｄ               ｔｈｅｒｅｆｏｒｅ               ｌｏｓｅ               ｍｏｎｅｙ               ａｖａｉｌａｂｌｅ               ｔｏ               ｓｐｅｎｄ               ｏｎ               ｗａｇｅｓ.

Ｃｕｔｔｉｎｇ               ｔｈｅ               ｐｒｉｃｅ               ｏｆ               ｐｒｏｄｕｃｔｓ               ｏｒ               ｓｅｒｖｉｃｅｓ               ｉｓ               ｅａｓｙ               -               ｃｏｎｓｕｍｅｒｓ               ｌｏｖｅ               ａ               ｇｏｏｄ               ｐｒｉｃｅ               ｒｅｄｕｃｔｉｏｎ               -               ｂｕｔ               ｗａｇｅｓ               ａｒｅ               ａｎｏｔｈｅｒ               ｓｔｏｒｙ.

Ｗａｇｅｓ               ａｒｅ               ｓｔｉｃｋｙ,               ｍｅａｎｉｎｇ               ｔｈａｔ               ｐｅｏｐｌｅ               ｄｏｎ'ｔ               ｌｉｋｅ               ａｃｃｅｐｔｉｎｇ               ｐａｙ               ｃｕｔｓ,               ｓｏ               ｉｎｓｔｅａｄ               ｂｕｓｉｎｅｓｓｅｓ               ｅｍｐｌｏｙ               ｆｅｗｅｒ               ｐｅｏｐｌｅ               ｔｏ               ｒｅｄｕｃｅ               ｔｈｅｉｒ               ｗａｇｅｓ               ｐａｉｄ.

Ｔｈａｔ               ｌｅａｖｅｓ               ｕｓ               ｗｉｔｈ               ｕｎｅｍｐｌｏｙｍｅｎｔ,               ａｎｄ               ｕｎｅｍｐｌｏｙｍｅｎｔ               ｒｅｐｒｅｓｅｎｔｓ               ｗａｓｔｅｄ               ｐｒｏｄｕｃｔｉｏｎ               ｉｎ               ａｎ               ｅｃｏｎｏｍｙ.

Ｒｅｄｕｃｅｄ               ｔａｘｅｓ               ｗｏｕｌｄ               ｇｉｖｅ               ｂｕｓｉｎｅｓｓｅｓ               ｍｏｒｅ               ｍｏｎｅｙ               ｔｏ               ｓｐｅｎｄ               ｏｎ               ｗａｇｅｓ               ａｎｄ               ｉｎｄｉｖｉｄｕａｌｓ               ｍｏｒｅ               ｍｏｎｅｙ               ｔｏ               ｂｕｙ               ｗｈａｔ               ｔｈｅｙ               ｗａｎｔ,               ｄｅｃｒｅａｓｉｎｇ               ｕｎｅｍｐｌｏｙｍｅｎｔ               ａｎｄ               ｈｅｌｐｉｎｇ               ｐｕｔ               ａｎ               ｅｎｄ               ｔｏ               ｔｈｅ               ｒｅｃｅｓｓｉｏｎ.

Ａｌｔｅｒｎａｔｉｖｅｌｙ,               ｉｎｃｒｅａｓｅｄ               ｇｏｖｅｒｎｍｅｎｔ               ｓｐｅｎｄｉｎｇ               ｃｏｕｌｄ               ｍａｋｅ               ｕｓｅ               ｏｆ               ｔｈｅ               ｌａｂｏｒ               ｂｅｉｎｇ               ｗａｓｔｅｄ               ｔｏ               ｕｎｅｍｐｌｏｙｍｅｎｔ               ａｎｄ               ｅｎｄ               ｔｈｅ               ｓｏｃｉａｌ               ｉｌｌｓ               ｔｈａｔ               ｃｏｍｅ               ｗｉｔｈ               ｉｔ,               ａｌｓｏ               ｌｅａｄｉｎｇ               ｔｏ               ａ               ｆａｓｔｅｒ               ｒｅｃｏｖｅｒｙ               ｆｒｏｍ               ｒｅｃｅｓｓｉｏｎ.

Ｅｉｔｈｅｒ               ｏｆ               ｔｈｅｓｅ,               ｏｆ               ｃｏｕｒｓｅ,               ｗｏｕｌｄ               ｒｅｓｕｌｔ               ｉｎ               ａ               ｌａｒｇｅｒ               ｄｅｆｉｃｉｔ.

Ｃｏｎｓｉｄｅｒｉｎｇ               ａｌｌ               ｔｈｉｓ,               ｃｕｔｔｉｎｇ               ｔａｘｅｓ               ａｎｄ/ｏｒ               ｉｎｃｒｅａｓｉｎｇ               ｓｐｅｎｄｉｎｇ               ｕｎｔｉｌ               ａ               ｒｅｃｅｓｓｉｏｎ               ｉｓ               ｏｖｅｒ               ａｎｄ               ｕｎｅｍｐｌｏｙｍｅｎｔ               ｇｏｅｓ               ｄｏｗｎ               ｔｏ               ｌｏｗ               ｌｅｖｅｌｓ               ｓｅｅｍｓ               ｔｏ               ｂｅ               ａ               ｐｒｅｔｔｙ               ｏｂｖｉｏｕｓｌｙ               ｇｏｏｄ               ｉｄｅａ.

Ｙｅｔ               ｏｕｒ               ｇｏｖｅｒｎｍｅｎｔ               ｄｏｅｓｎ'ｔ               ｄｏ               ｉｔ               ｎｅａｒｌｙ               ａｓ               ｍｕｃｈ               ａｓ               ｉｔ               ｓｈｏｕｌｄ.

Ｗｈｙ               ｎｏｔ?

Ｂｅｃａｕｓｅ,               ａｓ               Ｉ               ｉｎｄｉｃａｔｅｄ               ｉｎ               ｔｈｅ               ｂｅｇｉｎｎｉｎｇ               ｏｆ               ｔｈｉｓ               ａｒｔｉｃｌｅ,               ｔｏｏ               ｍａｎｙ               ｐｅｏｐｌｅ               ａｒｅ               ｐａｒａｌｙｚｅｄ               ｏｖｅｒ               ｆｅａｒ               ｏｆ               ｎａｔｉｏｎａｌ               ｄｅｂｔ.
               Ｉｎｓｔｅａｄ               ｏｆ               ｉｓｓｕｉｎｇ               ｎｅｗ               ｃｕｒｒｅｎｃｙ               ｔｏ               ｃｏｖｅｒ               ｄｅｆｉｃｉｔｓ,               ｔｈｅ               ＵＳ               ｇｏｖｅｒｎｍｅｎｔ               ｉｓｓｕｅｓ               ｔｒｅａｓｕｒｙ               ｂｏｎｄｓ.

Ｉｓｓｕｉｎｇ               ｔｈｅｓｅ               ｂｏｎｄｓ               ｉｓ               ｎｏｔ               ｎｅｃｅｓｓａｒｙ               ｆｏｒ               ｇｏｖｅｒｎｍｅｎｔ               ｓｐｅｎｄｉｎｇ,               ｉｔ               ｉｓ               ｍｅｒｅｌｙ               ａ               ｒｅｌｉｃ               ｉｎ               ｃｏｎｓｔｉｔｕｔｉｏｎａｌ               ｐｒｏｃｅｄｕｒｅ               ｆｒｏｍ               ｗｈｅｎ               ｔｈｅ               ＵＳ               ｄｏｌｌａｒ               ｗａｓ               ｏｎ               ｔｈｅ               ｇｏｌｄ               ｓｔａｎｄａｒｄ.

Ｔｈｅ               ｏｎｌｙ               ｐｒａｃｔｉｃａｌ               ｄｉｆｆｅｒｅｎｃｅ               ｂｅｔｗｅｅｎ               ｉｓｓｕｉｎｇ               ｃｕｒｒｅｎｃｙ               ａｎｄ               ｉｓｓｕｉｎｇ               ｔｒｅａｓｕｒｙ               ｂｏｎｄｓ               ｉｓ               ｔｈａｔ               ｂｏｎｄｓ               ｐａｙ               ｉｎｔｅｒｅｓｔ,               ｅｆｆｅｃｔｉｖｅｌｙ               ｅｎｃｏｕｒａｇｉｎｇ               ｓａｖｉｎｇ               ａｎｄ               ｐｕｔｔｉｎｇ               ｕｐｗａｒｄｓ               ｐｒｅｓｓｕｒｅ               ｏｎ               ｉｎｔｅｒｅｓｔ               ｒａｔｅｓ               ｉｎ               ｔｈｅ               ｆｒｅｅ               ｍａｒｋｅｔ.

Ｔｈｉｓ               ｏｃｃａｓｉｏｎａｌｌｙ               ｒｅｓｕｌｔｓ               ｉｎ               ｗｅｉｒｄ               ｓｉｔｕａｔｉｏｎｓ               ｗｈｅｎ               ｔｈｅ               Ｆｅｄｅｒａｌ               Ｒｅｓｅｒｖｅ               ｄｅｃｉｄｅｓ               ｉｔ               ｗａｎｔｓ               ｔｏ               ｌｏｗｅｒ               ｉｎｔｅｒｅｓｔ               ｒａｔｅｓ,               ｌｉｋｅ               ｔｈｅ               ｇｏｖｅｒｎｍｅｎｔ               ｂｕｙｉｎｇ               ｔｒｅａｓｕｒｙ               ｂｏｎｄｓ               ｆｒｏｍ               ｉｔｓｅｌｆ.

Ｉｔ               ａｌｓｏ               ｍｅａｎｓ               ｔｈｅ               ｇｏｖｅｒｎｍｅｎｔ               ｈａｓ               ａｎ               ｏｂｌｉｇａｔｉｏｎ               ｔｏ               ｒｅｄｅｅｍ               ｔｈｏｓｅ               ｂｏｎｄｓ               ｆｏｒ               ｄｏｌｌａｒｓ               ｗｈｅｎ               ｔｈｅｙ               ｍａｔｕｒｅ,               ａｎｄ               ｔｈｉｓ               ｉｓ               ｗｈａｔ'ｓ               ｋｎｏｗｎ               ａｓ               ｔｈｅ               ｎａｔｉｏｎａｌ               ｄｅｂｔ.

Ｔｈｅ               ｔｅｒｍ               "ｄｅｂｔ"               ｉｓ               ｓｏｍｅｔｈｉｎｇ               ｏｆ               ａ               ｍｉｓｎｏｍｅｒ               ａｎｄ               ｉｓ               ｎｏｔ               ｔｈｅ               ｓａｍｅ               ｄｅｂｔ               ｔｈａｔ               ｐｅｏｐｌｅ,               ｂｕｓｉｎｅｓｓｅｓ,               ａｎｄ               ｌｏｃａｌ               ｇｏｖｅｒｎｍｅｎｔｓ               ａｒｅ               ｕｓｅｄ               ｔｏ.

Ｔｏ               "ｐａｙ               ｏｆｆ               ｉｔｓ               ｄｅｂｔｓ",               ｔｈｅ               ｇｏｖｅｒｎｍｅｎｔ               ｍｕｓｔ               ｍｅｒｅｌｙ               ｃｏｎｖｅｒｔ               ｏｕｔｓｔａｎｄｉｎｇ               ｔｒｅａｓｕｒｙ               ｂｏｎｄｓ               ｂａｃｋ               ｔｏ               ｄｏｌｌａｒｓ.
               Ｔｈｅ               Ｐｈｏｎｙ               Ｄｅｂｔ               Ｃｒｉｓｉｓ
               Ｒａｔｈｅｒ               ｔｈａｎ               ｈａｎｄｌｉｎｇ               ｆｉｓｃａｌ               ｐｏｌｉｃｙ               ｉｎ               ａ               ｗａｙ               ｔｈａｔ               ｍａｘｉｍｉｚｅｓ               ｔｈｅ               ｗｅｌｌ-ｂｅｉｎｇ               ａｎｄ               ｐｒｏｄｕｃｔｉｖｉｔｙ               ｏｆ               ｓｏｃｉｅｔｙ,               ｐｏｌｉｃｙｍａｋｅｒｓ               ｉｎ               Ｗａｓｈｉｎｇｔｏｎ               ｂｕｌｌｈｅａｄｅｄｌｙ               ｐｕｒｓｕｅ               ｄｉｓａｓｔｒｏｕｓ               ｐｏｌｉｃｉｅｓ               ｉｎ               ｔｈｅ               ｎａｍｅ               ｏｆ               ｄｅｂｔ               ｒｅｄｕｃｔｉｏｎ               ｗｉｔｈ               ｌｉｔｔｌｅ               ｂａｓｉｓ               ｉｎ               ｒｅａｓｏｎ               ｏｒ               ｒｅａｌｉｔｙ.

Ｔｈｅ               ｓｉｚｅ               ｏｆ               ｇｏｖｅｒｎｍｅｎｔ               ｉｓ               ａ               ｌｅｇｉｔｉｍａｔｅ               ｑｕｅｓｔｉｏｎ               ｆｏｒ               ｓｏｃｉｅｔｙ               ｔｏ               ｄｅｂａｔｅ,               ｙｅｔ               ｒａｔｈｅｒ               ｔｈａｎ               ｃｏｍｐｒｏｍｉｓｅ               ｂｅｔｗｅｅｎ               ｃｕｔｔｉｎｇ               ｔａｘｅｓ               ａｎｄ               ｉｎｃｒｅａｓｉｎｇ               ｓｐｅｎｄｉｎｇ               ｄｕｒｉｎｇ               ａ               ｒｅｃｅｓｓｉｏｎ,               ｗｅ               ｏｆｔｅｎ               ｄｏ               ｔｈｅ               ｏｐｐｏｓｉｔｅ.

Ｉｎ               ｔｈｅ               ｆａｃｅ               ｏｆ               ａ               ｒａｍｐａｎｔ               ｕｎｅｍｐｌｏｙｍｅｎｔ,               Ｒｅｐｕｂｌｉｃａｎｓ               ａｓｋ               ｆｏｒ               ｓｐｅｎｄｉｎｇ               ｃｕｔｓ               ｗｈｉｌｅ               Ｄｅｍｏｃｒａｔｓ               ａｓｋ               ｆｏｒ               ｔａｘ               ｉｎｃｒｅａｓｅｓ.
               Ａｎｄ               ｎｏｗ,               ｗｉｔｈ               ｔｈｅ               ｄｅｂｔ               ｒａｐｉｄｌｙ               ａｐｐｒｏａｃｈｉｎｇ               ａ               ｃｏｍｐｌｅｔｅｌｙ               ａｒｂｉｔｒａｒｙ               ｄｅｂｔ               ｃｅｉｌｉｎｇ,               ｓｏｍｅ               ｃｏｎｇｒｅｓｓｍｅｎ               ａｒｅ               ｔｈｒｅａｔｅｎｉｎｇ               ｔｏ               ａｌｌｏｗ               ｔｈｅ               ＵＳ               ｔｏ               ｄｅｆａｕｌｔ               ｏｎ               ｉｔｓ               ｄｅｂｔ               ｐａｙｍｅｎｔｓ,               ｄｅｓｐｉｔｅ               ｔｈｅ               ｍａｓｓｉｖｅ               ｎｅｇａｔｉｖｅ               ｉｍｐａｃｔｓ               ｔｈａｔ               ｃｏｕｌｄ               ｈａｖｅ               ｏｎ               ｔｈｅ               ｅｃｏｎｏｍｙ.

Ｔｈａｔ'ｓ               ｌｉｋｅ               ｔｈｅ               ｏｃｅａｎ               ｄｅｆａｕｌｔｉｎｇ               ｏｎ               ｐａｙｍｅｎｔ               ｏｆ               ｗａｔｅｒ.

Ｏｒ               Ｃｈｕｃｋ               Ｅ.

Ｃｈｅｅｓｅ'ｓ               ｄｅｆａｕｌｔｉｎｇ               ｏｎ               ｐａｙｍｅｎｔ               ｏｆ               ｉｔｓ               ｔｉｃｋｅｔｓ.

Ａｎｄ               ｂｅｆｏｒｅ               ｙｏｕ               ｂｌａｍｅ               ｉｔ               ａｌｌ               ｏｎ               ｔｈｅ               Ｒｅｐｕｂｌｉｃａｎｓ,               ｋｅｅｐ               ｉｎ               ｍｉｎｄ               ｔｈａｔ               ｉｔ               ｗａｓｎ'ｔ               ｌｏｎｇ               ａｇｏ               ｔｈａｔ               ｏｕｒ               ｃｕｒｒｅｎｔ               Ｐｒｅｓｉｄｅｎｔ               ｖｏｔｅｄ               ａｇａｉｎｓｔ               ａ               ｄｅｂｔ               ｃｅｉｌｉｎｇ               ｉｎｃｒｅａｓｅ               ｈｉｍｓｅｌｆ:
               Ｉｎｃｒｅａｓｉｎｇ               Ａｍｅｒｉｃａ'ｓ               ｄｅｂｔ               ｗｅａｋｅｎｓ               ｕｓ               ｄｏｍｅｓｔｉｃａｌｌｙ               ａｎｄ               ｉｎｔｅｒｎａｔｉｏｎａｌｌｙ.

Ｌｅａｄｅｒｓｈｉｐ               ｍｅａｎｓ               ｔｈａｔ               ''ｔｈｅ               ｂｕｃｋ               ｓｔｏｐｓ               ｈｅｒｅ.''               Ｉｎｓｔｅａｄ,               Ｗａｓｈｉｎｇｔｏｎ               ｉｓ               ｓｈｉｆｔｉｎｇ               ｔｈｅ               ｂｕｒｄｅｎ               ｏｆ               ｂａｄ               ｃｈｏｉｃｅｓ               ｔｏｄａｙ               ｏｎｔｏ               ｔｈｅ               ｂａｃｋｓ               ｏｆ               ｏｕｒ               ｃｈｉｌｄｒｅｎ               ａｎｄ               ｇｒａｎｄｃｈｉｌｄｒｅｎ.

Ａｍｅｒｉｃａ               ｈａｓ               ａ               ｄｅｂｔ               ｐｒｏｂｌｅｍ               ａｎｄ               ａ               ｆａｉｌｕｒｅ               ｏｆ               ｌｅａｄｅｒｓｈｉｐ.

Ａｍｅｒｉｃａｎｓ               ｄｅｓｅｒｖｅ               ｂｅｔｔｅｒ.

Ｉ               ｔｈｅｒｅｆｏｒｅ               ｉｎｔｅｎｄ               ｔｏ               ｏｐｐｏｓｅ               ｔｈｅ               ｅｆｆｏｒｔ               ｔｏ               ｉｎｃｒｅａｓｅ               Ａｍｅｒｉｃａ'ｓ               ｄｅｂｔ               ｌｉｍｉｔ.

Ｎｏｎｅ               ｏｆ               ｔｈｉｓ               ｉｓ               ａｃｃｕｒａｔｅ,               ｅｘｃｅｐｔ               ｐｅｒｈａｐｓ               ｔｈｅ               ｐａｒｔ               ａｂｏｕｔ               ａ               ｆａｉｌｕｒｅ               ｏｆ               ｌｅａｄｅｒｓｈｉｐ.

Ｏｕｒ               ｃｈｉｌｄｒｅｎ               ｎｅｅｄ               ｎｏｔ               ｂｅ               ｂｕｒｄｅｎｅｄ               ｂｙ               ｔｏｄａｙ'ｓ               ｄｅｆｉｃｉｔｓ               ｂｅｃａｕｓｅ               ｔｈｅ               ｇｏｖｅｒｎｍｅｎｔ               ｄｏｅｓｎ'ｔ               ｎｅｅｄ               ａｎｙｔｈｉｎｇ               ｆｒｏｍ               ｔｈｅｍ               ｔｏ               ｐａｙ               ｏｆｆ               ｉｔｓ               ｄｅｂｔｓ.

Ｗｈａｔ               ｍａｔｔｅｒｓ               ｆｏｒ               ｏｕｒ               ｃｈｉｌｄｒｅｎ               ｉｓ               ｔｈａｔ               ｔｈｅｙ               ｈａｖｅ               ｔｈｅ               ｔｅｃｈｎｏｌｏｇｙ,               ｅｄｕｃａｔｉｏｎ,               ａｎｄ               ｉｎｆｒａｓｔｒｕｃｔｕｒｅ               ｔｏ               ｐｒｏｖｉｄｅ               ｆｏｒ               ｔｈｅｉｒ               ｇｅｎｅｒａｔｉｏｎｓ.

Ｅｖｅｎ               ｉｆ               ｔｈｉｓ               ｑｕｏｔｅ               ｗｅｒｅ               ｔｒｕｅ,               ｔｈｅ               ｒｉｇｈｔ               ａｗａｙ               ｔｏ               ｄｏ               ｓｏｍｅｔｈｉｎｇ               ａｂｏｕｔ               ｉｔ               ｗｏｕｌｄｎ'ｔ               ｂｅ               ｔｏ               ｄｅｆａｕｌｔ               ｏｎ               ｄｅｂｔ               ｐａｙｍｅｎｔｓ.
               Ｗｈｙ               ｃａｎ'ｔ               ｏｕｒ               ｐｏｌｉｃｙｍａｋｅｒｓ               ｓｉｍｐｌｙ               ｓｅｔ               ｇｏｖｅｒｎｍｅｎｔ               ｓｐｅｎｄｉｎｇ               ａｔ               ａ               ｌｅｖｅｌ               ｔｈａｔ               ａｌｌｏｗｓ               ｉｔ               ｔｏ               ｐｒｏｖｉｄｅ               ｔｈｅ               ｓｅｒｖｉｃｅｓ               ｔｈａｔ               ｓｏｃｉｅｔｙ               ｄｅｓｉｒｅｓ               ｆｒｏｍ               ｉｔ,               ａｎｄ               ｔｈｅｎ               ｓｅｔ               ｔａｘｅｓ               ａｔ               ａ               ｌｅｖｅｌ               ｔｈａｔ               ｍｉｎｉｍｉｚｅｓ               ｕｎｅｍｐｌｏｙｍｅｎｔ               ｗｉｔｈｏｕｔ               ｌｅｔｔｉｎｇ               ｉｎｆｌａｔｉｏｎ               ｇｅｔ               ｏｕｔ               ｏｆ               ｈａｎｄ?

Ｗｈｙ               ｍｕｓｔ               ｏｕｒ               ｌｅａｄｅｒｓ               ｐｏｓｔｕｒｅ,               ｆｅａｒ-ｍｏｎｇｅｒ,               ａｎｄ               ｒｅｐｅａｔ               ｂｌａｔａｎｔ               ｆａｌｓｅｈｏｏｄｓ?

Ｉｓ               ｔｈａｔ               ｒｅａｌｌｙ               ｔｏｏ               ｍｕｃｈ               ｔｏ               ａｓｋ?
               Ｔｈｉｓ               ｋｉｎｄ               ｏｆ               ｎｏｎｓｅｎｓｅ               ｐｏｌｉｃｙ               ａｎｄ               ｒｈｅｔｏｒｉｃ               ｗｉｌｌ               ｃｏｎｔｉｎｕｅ               ａｓ               ｌｏｎｇ               ａｓ               Ａｍｅｒｉｃａｎｓ               ｃｏｎｔｉｎｕｅ               ｔｏ               ｍｉｓｃｏｍｐｒｅｈｅｎｄ               ｔｈｅ               ｎａｔｕｒｅ               ｏｆ               ｏｕｒ               ｄｅｂｔ               ａｎｄ               ｔｈｅ               ｅｆｆｅｃｔｓ               ｔｈａｔ               ｄｅｆｉｃｉｔ               ｓｐｅｎｄｉｎｇ               ｈａｓ               ｏｎ               ａｎ               ｅｃｏｎｏｍｙ.

Ｐｏｌｉｔｉｃｉａｎｓ               ｗｉｌｌ               ｃａｐｉｔａｌｉｚｅ               ｏｎ               ｆｅａｒ               ａｎｄ               ｍｉｓｕｎｄｅｒｓｔａｎｄｉｎｇ               ｏｆ               ｏｕｒ               ｎａｔｉｏｎａｌ               ｄｅｂｔ               ｔｏ               ｈｅｌｐ               ｔｈｅｉｒ               ｅｌｅｃｔｉｏｎ               ｃｈａｎｃｅｓ,               ｂｕｔ               ｄｏｎ'ｔ               ａｌｌｏｗ               ｙｏｕｒｓｅｌｆ               ｔｏ               ｂｅ               ｆｏｏｌｅｄ.

Ｉ               ｏｎｌｙ               ｈｏｐｅ               ｔｈａｔ               ｔｈｉｓ               ａｒｔｉｃｌｅ               ｔａｋｅｓ               ｕｓ               ａ               ｓｔｅｐ               ｉｎ               ｔｈｅ               ｒｉｇｈｔ               ｄｉｒｅｃｔｉｏｎ.






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