The national debt has risen at a blistering pace over recent decades and is now higher than any era of the nation’s history — even when adjusted for inflation, population growth, and economic growth (GDP).
Denying this reality, Nobel Prize-winning economist Paul Krugman recently wrote two columns
for the New York Times in which he claimed that the debt is an
“overhyped issue” and “isn’t all that unusual” from a historical
perspective. His attempts to support these assertions employ the kind of
fraudulent accounting that could land a corporate executive in jail............To Read More....