Despite what you might have heard, Uncle Sam remains bankrupt — big time.
If you’re a big spender, there’s good news in Washington. The deficit is down. The budget crisis is over. So Uncle Sam can go back to his wastrel ways!
Indeed, the usual suspects insist, it’s time to spend more. The federal government should provide more stimulus spending to put people back to work. Food Stamps should not be cut despite nearly doubling in cost over the last five years. Every state should expand Medicaid. Social Security benefits should be increased, not reduced. After years of horrible, painful austerity, it’s time to party!
