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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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Debt magically goes away one way or another? We have bin pilin up the debt for quiet a few decades now..... with no end in sight. Further the Baby Boomers are coming on line for their entitlement..Social Security and Medicare.
Basically the thrust of my rant was a reiteration of what Paul Volcker and Allan Greenspan have expressed. I tend to take a look at the worst case scenario...what you'll probably see is a gradual worsing of the situation...eventually the cupboard will be bare, unless something changes in the way the USA does bizness.
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"Some Observer"
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