The source of the problem
Posted: December 10, 2012 at 3:49 a.m.
However the current “fiscal cliff” standoff comes out, and whomever is declared the winner by our increasingly infantile media, it probably won’t do much to solve the long-term problem: Our government spends roughly three dollars for every two it takes in; hence all those trillion-dollar deficits adding up to a federal debt exceeding our gross domestic product and climbing.
This story is only available from our archives.
Editorial, Pages 13 on 12/10/2012