"Simple charts vividly demonstrate the immensity of the exploding debt problem now faced by the United States. The large expansion of debt in World War II looks like a small blip compared to what's coming if we do not change policy. Click here to see the charts I used to compare U.S. debt history with CBO projections in my Economics lectures at Stanford today. The source is the spreadsheet for CBO's alternative fiscal scenario in its June Long-Term Budget Outlook."Of course the senarios are not sustainable in real life, so some sort of economic "adjustment" will have to occur. At the levels predicted, the adjustment will undoubtedly be painful, unless the adjustments take place now to prevent the ultimate collapse. That is not what we are seeing from the Leftist government now in place.
A former 40 year Atheist analyzes Atheism, without resorting to theism, deism, or fantasy.
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If You Don't Value Truth, Then What DO You Value?
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If we say that the sane can be coaxed and persuaded to rationality, and we say that rationality presupposes logic, then what can we say of those who actively reject logic?
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Atheists have an obligation to give reasons in the form of logic and evidence for rejecting Theist theories.
Thursday, September 24, 2009
Stanford Economics Professor John B. Taylor charts the CBO long-term debt data for the US government. Says Prof. Taylor,
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