THERE IS NO DEBT CRISIS:

After the Great Depression and in the lead up to World War II, the United States debt to GDP ratio was over 100%. And what did we get for that? Not only the resolution of a major world conflict but the New Deal, a package of government stimulus programs that rebooted the economy and created two generations of broadly shared prosperity in America.

Today, the debt to GDP ratio is 60%. So what exactly is the crisis?</blockquote>
Huh? The U.S. Debt Clock shows $16,358.2 billion (8 pm EST, 12/8/12). A simple Google search gives me a GDP estimate of $15,797.4 billion (3Q, 2012). That, my friends, is a debt-to-GDP ratio of 103.6% (I can do simple math).

Here's some more debt-to-GDP data to consider.

President George W. Bush (first term):

President George W. Bush (second term):

President Barack Obama (first term):

President Barack Obama (second term, second order polynomial prediction):

Now explain to me why I should trust the rest of the article....