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November 13, 2012

Reality can get 1.3 percent of the popular vote and still trump everything else.

In the course of his first term, Obama increased the federal debt by just shy of $6 trillion and in return grew the economy by $905 billion.

So, as Lance Roberts at Street Talk Live pointed out, in order to generate every dollar of economic growth the United States had to borrow about five dollars and 60 cents. There’s no one out there on the planet — whether it’s “the rich” or the Chinese — who can afford to carry on bankrolling that rate of return. -- The Edge of the Abyss - Mark Steyn - National Review Online

Posted by gerardvanderleun at November 13, 2012 10:16 AM. This is an entry on the sideblog of American Digest: Check it out.

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