RealClearMarkets - Deficits Bother You? The Real Problem Is Inept Governance: "....The silence from the White House and Congress on the long-term debt is a sign that politicians are tired of dealing with a tough problem. They know that solving the debt will require Republicans to accept increased taxes and Democrats to accept reductions in the projected spending on entitlements for the elderly. Neither party is willing to compromise on these basic elements of their political agenda. It's enough to make a person think that we have an even more fundamental problem than growing debt. Maybe the real underlying problem is inept governance."
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