Friday, March 15, 2013

What's Not to Like? It Raises Needed Revenues and Curbs the Beasts of Wall Street | Common Dreams

What's Not to Like? It Raises Needed Revenues and Curbs the Beasts of Wall Street | Common Dreams
"Let’s get one thing straight: The United States doesn’t have a public debt problem. Net interest payments on the federal public debt are less than 1 percent of GDP [PDF], which is about as low as they have been in the post-World War II era.  In the long run, projected debt problems are a result of rising health care costs  – driven by the private sector – and would disappear if we were to reduce these costs to the level of other high-income countries."