| | Agree with Steve. Sanction. The marginal increase in the debt adds to the amount the feds have to finance in interest on the national debt, but that marginal increase in interest due is only a couple percentage points worth of federal spending. And, all the legislation Obama signs can be repealed.
I mean, look at Germany, Japan, South Korea, and Hong Kong, all of which started from essentially scratch in the recent historic past and grew vibrant economies.
The problem isn't that all this isn't quickly fixable, the problem is getting enough limited government people in government to be willing to fix it, to hack the federal government back to the minarchy specified in the Constitution. Get to that, and expect stunning, explosive growth and prosperity.
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