One of the black marks against Pres. Bush is the fact that the national debt has increased so much on his watch (something I'm less than thrilled about myself). Heather, however, offers us some perspective:
According to The Skeptical Optimist, an optimist is "one who believes that humans, on net balance, are builders rather than destroyers." In support of that theory, he has produced The Best Debt Clock in the USA. Everyone knows that the the national debt is rising so fast the number has to be updated several times a second. But did you know (I didn't) that the GDP is rising at pretty much the same rate. Thus the debt-to-GDP ratio remains the same. Yes, we're spending fast, but we're creating fast, too.
I guess this falls into the "it takes money to make money" category.Email This Post To A Friend
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