No big deal

On the day the President declared the 16.7 trillion dollar national debt to be "no big deal", it's nice to know that there's at least some semblance of sanity left out there somewhere.

Fiscal common sense 

 Of course, the prodigal portion of the EU is screaming bloody murder about it.

This link contains a tidbit of information I wasn't aware of.

Interesting info

The US budget would violate the spending rules of the EU, by more than an order of magnitude.