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Actually, most of the worsening debt situation is due to the financial crisis started 3 years ago, but this would not fit into a story which benefit any politic
by cdavid 15y ago
Actually, most of the worsening debt situation is due to the financial crisis started 3 years ago, but this would not fit into a story which benefit any political side (http://www.cepr.net/index.php/blogs/beat-the-press/president-obama-doesnt-understand-the-origins-of-the-deficit http://www.cepr.net/index.php/blogs/beat-the-press/president...). Framing it as tax cut, spending cut and other morally-loaded terms unfortunately works well in most countries facing this issue...