There is heated debate in Washington about what to do with the runaway debt crisis. And this time it is real. Both halves of the American body politic — the Republicans and the Democrats — have finally been stung by the uncontrollable debt that is officially acknowledged to be around $14.4 trillion.
On June 28, after a hurried transfer of power to a few Iraqi cronies, Paul Bremer, who used to be the undisputed ruler of Iraq, boarded a military airplane without even waiting to receive John Negroponte, the newly appointed American ambassador to Iraq...