What servicing our debt has really cost us

Monday morning and America cringes at another week of misdirection, distractions, lies, smears, half-truths, fibs, deception, fictions, slander, evasion and statistical fabrications emitted by the most transparent Administration in US history.  Yes, there are substantive issues that should demand some of our attention: the steep rises in food and gas prices, Keystone XL, the ascension of the Muslim Brotherhood in Egypt, and the faux overreaction to an ESPN headline that allowed the MSM to yell "racism" in a crowded theater.  But there is one overriding issue that drains the our nations vitality, that will not appear on the thirty second sound bites this week; our unfathomable Federal debt. In B-School, do you remember that nasty test question on opportunity costs? Investopedia has a practical definition and example. The cost of an alternative that must be forgone in order to pursue a certain action. Put another way, the benefits you could have received by taking an...(Read Full Post)