Banketeering, Debt & Holy Wealth

Serialization of the 3rd Edition (first published in 1987) will begin next week, and I'm sure the ongoing news will give us something to laugh about, that is in between the groans and tears. As Everett Dirksen (deceased), former Senator from Illinois use to say in his pithy remarks, "A million here and a million there, it all starts to add up to "serious money!" Now we are up in the billion here, a billion there, a trillion... and that folks really does add up to serious money. And the worst feature of the scenario is this: it's all borrowed money, IOUs issued to anyone figuring to get their hand in the U.S. public treasury. The problem with debt-money as James Baker, former Secretary of the Treasury so pointedly put it: "The deficit will be financed...!" Even if every citizen has to be squeezed for the last dollar! So join the discussion as each excerpt is published.