Friday, April 26, 2013

At the precipice...

The Debt to GDP is approaching 105% in the United States, up more than 25% in the last 5 years.  Its only a matter of time before our creditors won't lend to us anymore.  For Greece, it was a Debt to GDP of 120%... and even with huge bailouts by the rest of Europe, they had 25% unemployment.  And just who is going to bail us out?  Wouldn't count on Germany for that one... and you weren't holding out hope China would lend us a big hand.

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