
Pity we didn't learn our lesson from the late 70's and early 80's. I have a hunch the learning is going to be a bit more painful now.
There's nothing common about common sense.
To see how the national debt has changed over time, check-out this graphic (from this website). Unsettling. Who was watching the shop when those administrations racked-up all that debt? Have you told your kids/grandkids how lucky they are to have to pay-off our debts? They may not be thrilled.