By Jon N. Hall
On April 25 at the Tom Blumer reported, Tom Blumer reported on President Obama’s recent trip to England. At a town hall in London, Obama was asked: “After eight years, what would you say you want your legacy to be?” After some preliminaries, Obama offered this: “Saving the world economy from a Great Depression -- that was pretty good.”
Right; and Obama himself personally killed bin Laden and stopped the oceans from rising. But, did Mr. Obama really save the world from a Great Depression, or did he merely push the next depression off into the future? (Spreading trillions of borrowed bucks all over the place ought to buy a brother something.)
At my local library, the cover story of the April 25 issue of Time caught my eye; it listed the U.S. debt as “$13.9 trillion.” That’s more than $5 trillion less than the figure of $19+ trillion folks see on TV. The article explains....The last (and only) year the federal debt was entirely paid off was 1835.......To Read More....
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