What’s Different About Today’s Government Deficit and Debt?
As of today, the U.S. government’s current deficit and debt are indeed currently at unprecedented levels for peacetime—once we account for them appropriately.
A review of Higher Education? How Colleges are Wasting our Money and Failing our Kids—And What We Can Do About It by Andrew Hacker & Claudia Dreifus (New York: Time Books, 2010).