I can't emphasize enough how important it is that everyone read Steven Malanga's new piece in City Journal, which will certainly not uplift you but will enlighten you concerning the true nature of public debt in this country. While you're focused on the borrowing that goes on in Washington D.C., a lot of it is happening in your state capital or right down the street at your city hall. How much? Try in excess of $6 trillion, much of it in spite of the fact that state constitutions and city charters say all debt is supposed to be approved by voters.
