Cato’s Allison: Deficit Ills are Treatable, but must act soon

With video at link below via Newsmax. This is our generations defining problem – ok, along with Islamic terrorism – but if we don’t solve this one, the other won’t matter quite as much. We’ll be toast any way.

Gaping U.S. deficits are treatable conditions but not without some pain, and the sooner Washington acts, the less painful treatment will be, said John Allison, president and CEO of the Cato Institute.

via Cato’s Allison to Moneynews: Deficit Ills are Treatable if We Act Soon.