"Anyone that thinks that the U.S. economy can keep going along like this is absolutely crazy. We are in the terminal phase of an unprecedented debt spiral which has allowed us to live far, far beyond our means for the last several decades. Unfortunately, all debt spirals eventually end, and they usually do so in a very disorderly manner."
Recommended reading:
Explaining the Obama Ecomomy to Sixth Graders
The $17 trillion Dollar Party
If Your Outgo Exdeeds Your Income, Your Upkeep Will Be Your Downfall
