Jul 21, 2011 by Lorne Blackman
For 30 years I have watched with astonishment as our nation has sunk ever deeper into debt, even during times of peace and prosperity. A long, sorry procession of so-called “debt ceilings,” pay-as-you-go rules, and balanced budget proposals have all failed miserably, with each being promptly discarded the moment it threatens to actually reduce spending. Today, having achieved the shameful distinction of world’s greatest debtor nation, we project massive trillion dollar federal deficits to continue indefinitely. Yet every effort to trim deficits, even by just a few percent, generates a national political crisis. Our president ignores...