Today’s number is 41X, representing the change in the public debt since early 1981, when Ronald Reagan’s first fiscal challenge, ironically, was the unavoidable need to raise the ceiling on the public debt. That is, right out of the starting blocks he had been compelled to embrace the very bloated ogre he had campaigned against […]
$38 Trillion Of Public Debt—And Now Comes The MOABB (The Mother Of All Budget Busters), Part 1
