From 'Decline of the Empire'
by Dave Cohen
"Let me tell you some things I hope already know. One day this irresponsible (and mounting) government debt accrual and the current low borrowing rates are going to come to an end. The longer the government waits to do something about future bills it can't pay, the greater the reversal will be. The government will have to run, not walk, in the other direction, making dramatic cuts to this program or that program. All of this budget slashing will undoubtedly decimate programs ordinary Americans count on to get by. It will be a massacre."
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Greetings,
ReplyDeleteI bet it would make everyone uncomfortable as I've seen numbers as high as 200 trillion. What can not go on forever wont and we're all about to find out exactly what that looks like.