"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
U.S. Treasury Secretary: The Size of the National Debt Is the Problem
Submitted by Melinda L. Secor on Sun, 2013-01-20 01:00
"Taking the two charts together, what Secretary Geithner would seem to be projecting is a national debt death spiral – where interest rates rising above today’s rock-bottom levels make it increasingly necessary to borrow even more money to make interest payments on the national debt."
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