![]() Image uploaded from a quicklink (Image by Unknown Owner) Details DMCA | When I was a young lefty, the ideal form of public debt, sometimes called national debt, was explained to me as labor contributed, today, in excess of immediate compensation, with deferred compensation down the line. In other words, it's not a threatening obligation. It's an investment. That's a simplification, but it makes a lot more sense than deficit terrorists' death-dealing Debt Bomb of Doom scenarios and the lazy Micawberisms of the sensible liberals. {See the 'Popular Culture' heading under Wilkins Micawber at Wiki.} AND {Pictured is Obama, by Martin Schoeller.} |