WASHINGTON — There is a pathetic quality to our discussion of deficits and fiscal responsibility because we never face up to how much we need government to do.Our debates are also characterized by a politically convenient amnesia. Just a decade ago, we were running surpluses so big that Alan Greenspan, then chairman of the Federal Reserve, worried about what would happen once our national debt was liquidated. We had this problem well in hand until we started waging wars and cutting taxes at the same time.What would a rational approach to the budget look like? It would begin by accepting…
from: http://www.realclearpolitics.com/articles/2010/03/11/good_debt_bad_debt_104730.html
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