The Bogus Debate on America’s Debt

The US and world economies continue to struggle. Image: ScottThroughout the 2012 US election campaign, Mitt Romney and Barack Obama have each tried to style themselves as a competent steward of the US economy, and to brand the other as fiscally irresponsible. However, as is often the case with election debates, history and context are forgotten or dismissed entirely, and long-unaddressed, fundamental underlying issues are clothed in the deceptive gowns of illusory, short-term rhetoric. This is exactly what has happened in the central debate on America’s debt and the US government’s deficit.

By Scott Sutherland