Tuesday, March 12, 2013

Potemkin country

Zero Hedge: "Let's stop fooling ourselves: Americans can't afford the future."
More profoundly, the big picture numbers just don't add up. A nation that's collectively in hock to the tune of 373% of GDP – not including entitlement liabilities  which launch that figure to more than 1000% – needs to seriously face the fact that it cannot make good on its current promises, let alone entertain making them larger.
Not to worry: there's an unlimited pot of savings by not fighting wars we've already stopped fighting and counting the interest savings for money we would have borrowed.

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