And the former Secretary of State was full of dire warnings about the U.S. becoming like Greece, because the debt was 100% of GDP.
Unspoken, but presumed, was that he was talking about federal debt. But he wasn't! His numbers are wrong too!
We have a debt problem in this country, but most of it isn't the federal government. Most of that debt is private. And maybe it will destroy us, but it won't be the federal government to blame.
Look at that financial sector! Jeesh! All those mortgage securities, and other instruments!
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