Wednesday, May 11, 2011

Victor Davis Hanson: US Could Pay Down Trillions of Debt in 4-5 Years

Victor Davis Hanson sees a bright US future--even on debt.
"Our great crisis — astronomical debt — is one of will, not resources. We have the capital but not yet the sense of urgency to pay down our trillions, something we could do in a mere four or five years, without a traumatic loss of lifestyle, should the country find the courage to."
"[W]ithout a traumatic loss of lifestyle, should the country find the courage".

How?

Step 1:
"In terms of energy, never have America’s fossil-fuel reserves been known to be more vast. For the first time in a half-century, inspired leadership really could make America 'energy independent' by full use of natural gas and methane, combined with increased oil, nuclear, and coal production."
Sounds like a job for "drill, baby, drill" President Palin.

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