Niall Ferguson: Will Debt Trigger US Collapse?
This layes it out in a very straight forward manner of where we are heading. While the republicans and democrats are deadlock we continue to overspend.
Subscribe to:
Post Comments (Atom)
Subscribe To
Posts
Comments
Popular Posts
-
There was a problem with erosion of the Washington Monument. The Monuments rate of erosion had increased. The initial cause was do to hars...
-
If being left-handed is wrong, I don’t want to be right. http://www.beinglefthanded.com/ is a great resource for us outcast lefthanders. ... -
taken from: http://www.mnn.com/earth-matters/wilderness-resources/blogs/cool-math-trick-converting-between-miles-and-kilometers Too great ...
-
1. What are your reasons for undertaking graduate study at the University of Maryland? Indicate, if appropriate, any specific areas of resea...
-
Now here is an intriguing idea: an all commercial plan to colonize Mars. And funded as reality show! I love it. I will definitely be t...
-
I got an email from a friend at work showing a building fallen over on its side. Of course, my spepical nature had me go to truthorfiction... -
As I wrote two weeks ago- stand-desk-i-now-have-heel-pain-i-am - I have been sitting at my desk during work again and I am happy to report m...
-
I love blogging. I also reading a number of other blogs. One site I enjoy is elephantjournal.com . Today I read this article coconut-oil-...
-
At work this morning, the day began with a discussion about acronyms and how confusing they get. I actually relayed a story I remember abou...
-
The Mcgual Effect? Try it. Look away while watching the video and you can notice the sound change when you are not looking to the ori...
2 comments:
I don't find his reasoning to be particularly compelling. All I heard was the typical China Red Alert of which I am very skeptical of. He attempts to oversimplify a situation and direct your attention to make it seem as though he is making a point, but there is nothing I heard in that clip that holds water.
Really, I find it extremely simple: interest on government debt is now in the five top contributors to the budget (along with social security, medicare, and the military). We are still overspending. Each year the potion of the budget that for interest will grow. At some point we won't be able to continue borrowing.
Thanks for the comment.
Post a Comment