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Balanced budget best, but debt default dumb

Government spending is increasing by $2.6 million a minute. The national debt now stands at over $31 trillion. That’s primarily money that people over 40 have spent, and a debt that infants born today will be burdened with, likely for their entire lives. This, in a great nation in which each generation has continually been wealthier than the one before.

That is emphatically not so, now. The future generation has been accurately described as victims of “generational theft.”

Out of deep concern about this, I contacted the wisest and smartest man I have ever known on the subjects of...


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