Our own @kwright39 unloads on Halliburton and the Neocons. Rave on sister! (h/t Ken)
Executive Summary
National debt is widely and falsely feared. Prudent use of debt can be a tool of national greatness. Using debt to overhaul the current tax code and transi- tion Social Security into pre-funded private accounts would significantly enhance the nation’s economic well being. The misguided consensus to “pay down the debt” will inevitably result in surpluses squandered and missed op- portunities for future generations.
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WHO’S AFRAID OF THE NATIONAL DEBT? The Virtues of Borrowing as a Tool of National Greatness
Lawrence A. Hunter and Steve Conover
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July 2001

