Time to revisit the dirty little secret in Washington everyone knows (but has done nothing about)

Yes the economy is booming.

However, while the economy is experiencing its longest sustained expansion in American history, the federal deficit is ballooning. Normally in strong economic times, it shrinks.

The US national debt as of this posting is a record $22.5 trillion.

Meanwhile the US deficit is just over $1 trillion.

FLASHBACK. Nobody has paid attention since this segment from CBS’ “60 Minutes” in 2007.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s