A big thank you to Mort Zuckerman of U.S. News and World Report for validating MAD’s argument for “sustainable economics.” In his latest article titled “The Most Fiscally Irresponsible Government in U.S. History” Zuckerman argues:
On the national debt, the money the government has spent without the tax revenues to pay for it has produced mind-numbing numbers so large as to be disconnected from reality. Zeros from here to infinity. The sums are hard to describe; it is hard to describe an elephant, but you know one when you see one. The public knows that, shuffle the numbers as you may, the level of debt is unsustainable.
Simple — our “level of debt is unsustainable.” What makes Zuckerman’s article so extraordinary is that he is a big fan of President Obama. He voted for President Obama, his magazine endorsed him, and he helped write one of Obama’s speeches. It seems the only people who think we can and should continue to spend at current levels are members of Congress, President Obama and his administration.
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