Friday, August 12, 2011
US Debt Crisis for Dummies.
While my financial expertise is limited to that required to run a manufacturing business this simplified analysis of the US debt seems reasonable to me ,if somewhat scary. I guess at some time a country must pay it's bills but I'm not looking forward to the time the debt collectors arrive at the door of the White House. If this was a business, shareholders ( or the receiver) would immediately remove the existing incompetent management and replace them with capable people to get the budget back into the black and put the nation back to work.