Friday, August 12, 2011
Is the US Debt Investment Bubble Bound to Collapse? At 14+trillion?
It will burst if we continue on the current path of big spending that requires the US to continue to borrow. The path we are on will lead us to have to borrow more than GDP. That is bad really really bad. At that point we are just another Greece. Just wait till all those government payments are not going to welfare people, riots in the streets will be here just like you see in Greece today. I do not care who started us on this path only that we reverse course and get out of so much debt sooner rather than later.
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