The Debt Crisis Is A Fake?

I’m Lynn Woolley with your Logic Minute for 3/15/13

A friend emailed me and said, “Frankly, the so-called debt crisis is a fake.” Economist Paul Krugman said on ABC’s “This Week” that President Obama has solved the budget crisis and nobody noticed. The CBO believes Obamacare is going to help bring the budget into balance. In twenty years – we should have a surplus. These are smart people – so what should I think about all this? Well – I simply look at what my eyes see and how my own mind interprets it. The Great Society entitlements were sold to us under a similar umbrella – but they’re now on unsustainable paths. We’re at $17 trillion in debt now – headed toward $21 trillion before Obama’s done. The President wants to spend even more money as evidenced by the Patty Murray budget. We have entire cities like Detroit and states like Illinois and California broke and of course, there’s Greece. But the debt crisis is a fake? Not exactly.
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