|
It's amazing to think that it took nearly 50 yrs to run up our first $8T debt in 2007, but only another 5 yrs to double it. It's good people got the debt "religion", but it is now far too late. Few can afford their debt portion, and those who can can't afford those who can't. I haven't heard a single economist say this debt (including entitlements, state, and municipal) can be repaid w/o destroying our currency. The patient is terminal. Hope for soft landing and rebirth.
|
Threaded Mode
