An Open Letter to President-Elect Obama: The U.S. "Family Budget" and a Nation of Debt-Serfs

Before we get down to business, let me observe that I lived just around the corner from you (on Clark Street) during the first years you attended our alma mater, Punahou School; I was working my way through the University of Hawaii at the time. I lived literally in the shadow of your apartment building. Do you recall a skinny red-haired kid with a battered VW Beetle? Probably not....READ MORE