Time and the Pelosi-Reid-Obama Debt

On April 25 at the Media Research Center, Tom Blumer reported on President Obama’s recent trip to England. At a town hall in London, Obama was asked: “After eight years, what would you say you want your legacy to be?” After some preliminaries, Obama offered this: “Saving the world economy from a Great Depression -- that was pretty good.” Right; and Obama himself personally killed bin Laden and stopped the oceans from rising. But, did Mr. Obama really save the world from a Great Depression, or did he merely push the next depression off into the future? (Spreading trillions of borrowed bucks all over the place ought to buy a brother something.) At my local library, the cover story of the April 25 issue of Time caught my eye; it listed the U.S. debt as “$13.9 trillion.” That’s more than $5 trillion less than the figure of $19+ trillion folks see on TV. The article explains (italics added): The Treasury gets by paying an...(Read Full Article)