U.S. public sector debt is 100% of U.S. GDP.
Why are the Tea Party and Mitt Romney crying about public sector (government) debt? Clearly the problem with our economy is the enormous private sector (individuals & businesses) debt.
What is the Right's solution? According to Mitt Romney "freer markets, and ending regulations "mainly on banks", "more energy" (despite the fact we are producing more than ever before? Excuse me Mitt? Did you just suggest returning our country to the same rules and play book that lead us into this recession? You need a better solution on private sector debt. All GOP solutions mean more private sector risk and borrowing. This is at a time of record private sector debt - it makes no sense. Sometimes the Government is needed to stimulate the economy. Think more like FDR righties.
Edited by BiggieScooby, 10 May 2012 - 01:41 AM.