Bipartisan support is growing in Congress for action to stabilize the nation's bulging debt, which is now $12.1 trillion. Influential experts from former Federal Reserve Board chairman Alan Greenspan to former comptroller general David Walker have joined the cause.
With so many off balance sheet items the real figure is a lot higher than $12.1 Trillion. But real numbers don't matter. Out of sight, out of mind. Besides, TCMD as % GDP suggests that Greenspan, Fed chairman between 1987-2001, is just the man to join the cause to control the bulging debt burden.
Source: USA Today
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