Have things become simpler?

Submitted by David W. Lincoln (Canada), Nov 1, 2013 at 13:36

Since the interview http://ca.news.yahoo.com/turkey-iran-signal-thaw-ties-amid-mutual-concern-112642813--finance.html showed up, and frankly Professor, I see this more as a complication, than making things more clearer.

Am I correct?

As for the US being stronger 20 years from now, I have my doubts, Professor. One reason is a facebook posting from the Iranian American Conservative Party, on October 24.

Here it is:

We don't have to worry about a fight over raising the debt limit again, at least not until February. But just to give you something to think about until then, the GOP side of the Senate Budget Committee offered a fun fact. They report that over the past two years, the national debt rose by $2.4 trillion. At the same time, US GDP rose by less than $1.2 trillion. That means the national debt actually grew twice as fast as the entire US economic output. So people who complain that American manufacturers don't create anything anymore are wrong. They just can't create things as fast as Washington can go into debt.

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