November 3, 2011

SandBox Comments: Aspen Times "Charlie Leonard: Greece is falling — are we next?"

"...Let's put the work of the Supercommittee in perspective. If you total up all the federal budgets of the next 10 years, we are on course to spend more than $40 trillion and borrow another $15 trillion to pay for it all. Yet we have a Supercommittee that is struggling to find ways to cut $1.2 trillion, or about 2 percent, of federal spending over the next 10 years. Even if the committee succeeds, we are still on a Greek-like path to financial ruin — we just buy ourselves a couple of more years...."
(Charlie Leonard)

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"Truth goes through three stages. First it is ridiculed. Then it is violently opposed. Finally, it is accepted as self-evident."

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