Back in the day, my bank wanted to charge me a fee for online banking. Within a couple of years, they wanted to charge me a fee for talking to a human.
Digital Domain – Zero-Liability Policy Protects Bank Customers From Phishing – NYTimes.com.
I’d like to charge our anointed leaders with a dumb-ass fee. Bob Mueller? Falling for a Phishing Scam? and his wife knew was a scam from his verbal description of the event?
And they wonder why a couple of losers sneak in to see the Prez…
Excellent rebuttal of the sturm und drang echoing in the media about the national debt.
So, to review: to make the debt look scary, you have to dismiss the post-World -War II experience, even though it turns out that the 50s offer a quite good lesson; assume that in the future the federal government will have to amortize debt over a quite short period, even though it never had to in the past; compare this inflated debt burden with a narrow piece of the federal tax base; and ignore the likely growth in the tax base over the next decade.
The Burden of Debt – Paul Krugman