from here where expected 2025 numbers can be found as well. In the long run, we're all dead. John Maynard Keynes
But I think way too many people (including libertarians, Republicans, and Democrats) categorize too much government spending as burning-the-money. Well, to put it mildly: I disagree with that. I am far less concerned with the money than I am with what we get for the money: if it's a bad investment, we should refuse to spend any money on it--neither taxpayer money, nor borrowed money; if, however, it's a good investment that falls into one of the green smiley-face boxes above, we should spend the money without hesitation, regardless of whether we finance that spending by taxing money from ourselves or by borrowing it from willing lenders. I've said that a hundred times before, and I'll keep saying it again and again.
Looks like the debat2007 folks should read this guy blog more often.
Measuring gov debt without private and corporate debt and without measuring what we get for the government debt is idiotic.
May be we need to spread the word in France ...
