In “On Borrowed Time,” Barron’s columnist Randall Forsyth further undermines the notion that persistent public profligacy can solve our problems:
Heavy debt loads slow the U.S. economy now and pose threat to the future.
Can a stimulant become a depressant? As with alcohol, government borrowing and spending initially can give a boost, but later becomes a drag. America has hit the downside of that progression.
So says Lacy H. Hunt, chief economist of Hoisington Investment Management … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards