A certain casualty of the recession: the US Government’s solvency

Summary:  Whatever happens during this recession, one thing is almost certain:  the US government's balance sheet will be trashed.  Wrecked, perhaps beyond repair. This post discusses what we should do to mitigate the damage, and why such extreme spending is necessary. As described in "The most important story in this week’s newspapers" (22 May 2008), the … Continue reading A certain casualty of the recession: the US Government’s solvency