Who’s Afraid of the National Debt?
The Virtues of Borrowing as a Tool of National Greatness
by Lawrence A. Hunter, Steve Conover on 07/25/2001
30 Pages
Press Release (01/31/2002)
Press Release (12/30/2002)
National debt is widely and falsely feared. Prudent use of debt can be a tool of national greatness. Using debt to overhaul the current tax code and transition Social Security into pre-funded private accounts would significantly enhance the nation’s economic well being. The misguided consensus to “pay down the debt” will inevitably result in surpluses squandered and missed opportunities for future generations.
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