No, it isn't -- and I think over time this is a substantial threat for us. It is folly to assume these interest rates are going to continue forever, and when they pop it will be devastating.
I heard a conservative radio talk show host last week quoting a Democrat -- I can't remember who the quote was attributed to -- but he said, "When you start talking about a number bigger than $25,000,000, you lose essentially the entire American public". I think this is true to a large extent.
Most people just have no idea what it means when you say, "Our debt is $17,000,000,000,000." It might as well be $25,000,000 to them. Same thing. |
