Deficits are bad, but the real problem is spending

Another great featured video from the Cato Institute. Dan Mitchell uses an analogy I’ve used myself when discussing the United States deficit and debt, comparing it to a family getting a mortgage for a home. Mitchell is even using my “symptom of the disease” theme. I’m honored Dan …   😉

It’s our featured video in the sidebar now, but here now for future reference. For the really good videos we highlight in the sidebar, we’ll try to create a post in the future so we have it as long as the video is still posted on You Tube.

Here is the executive summary for the video below.

Huge deficits and skyrocketing debt levels are creating considerable worry. This Center for Freedom and Prosperity Foundation video explains that that government borrowing is excessive – and will get worse in coming decades. But this mini-documentary explains that deficits and debt are merely the symptoms, and a rising burden of government spending is the real problem.

1 reply
  1. Dimsdale
    Dimsdale says:

    Paying off out debts with borrowing, and subsequently creating more and greater debt in the process.

     

    When does it become treason?  Or at least something worthy of kicking the bums out?

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