The last 3 paragraphs of this are tremendously important.
It also clearly shows yet another negative effect of the Federal Reserve....our current BS low interest rates should be the buffer (at best) to get all this debt under control....instead like a addict because we are being coddled and not feeling the full force of the US debt we are steamrolling toward never ending servitude as a debtor nation.
http://www.theblaze.com/stories/2013/04/29/cnbc-harvard-business-school-prof-rip-new-york-times-over-pro-tax-editorial-either-dishonest-or-they-dont-get-economics/
'via Blog this'
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