Eric Blankenstein: A Trillion Here, and a Trillion There . . .

The first step to solving any problem is admitting that you have one. And the United States definitely has a spending problem. Sadly, no one in Washington wants to admit it. But refusing to accept reality does not make it go away; reality has a tendency to reassert itself at inconvenient times. And the reality is this: The United States is the most indebted entity in the history