> $700 billion is 5% of GDP. Federal debt is now around 38% of GDP.
> It was almost 50% in 1994, and over 60% in 1952. We can afford it.
Yes, but the actions of the federal government of late--the scrambling to master events that continue to overtake them, the banana republic tenor of it all. Couldn't these undermine the confidence of our foreign sponsors?
Shane