Debt crisis?

Editor,

U.S. debt as a percentage of GDP was increasing 10% a year at the height of the Great Recession. It is increasing 4.4% a year now because although GDP is growing at an anemic pace, it is growing.

By 2020 the U.S. debt as a percentage of GDP will be increasing at 1.7% a year at the current rate of growth of GDP.

The U.S. does not have a debt crisis.

It has a jobs crisis. And a wealth inequality crisis.

1% of the U.S. population owns 40% of the wealth.

Social Security and Medicare did not crash the American economy. Deregulated, undercapitalized, reckless banks caused the Great Recession.

Making seniors, sick people, disabled veterans, the working poor, and everybody else besides the people who caused it -- and people hoarding the nation's wealth in offshore accounts -- pay for it is insane.

Re: "The President’s Budget" (4/11/2013)