I think I wrote about the reason why in my lost post, but I think it's worth noting here that politicians really don't seem to care.
In fact, I was reading where Timothy Geitner was saying that not raising the debt ceiling to something like $15 trillion immediately will have disastrous consequences.
Think of the kids turning 18 and entering the workforce strapped with $100,000 of government debt. I can't imagine any parent would consent to saddling a child with debt like that, yet it's happening and getting worse.
Whose country is it?
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