Msg. 39065 of 45651 (This msg. is a reply to
39059 by
Decomposed)
Jump:
Bad times are coming. But I'd be an idiot if I tried to claim I knew WHEN.
I WILL CALL IT DE,,,,,,,,,,,,,,,,,,,,,,,,,It will be after tomorrow for sure..........
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
As I recall, Greek Debt-to-GDP was about 120 percent.
Of course, that's an apples to oranges comparison for a couple of reasons. First, 120 percent of the U.S. GDP is a mind-boggling figure.
But second, and more importantly, the U.S. economy is far more robust than Greece's. A lender can have reasonable confidence that a successful businessman can manage a hefty debt-to-income ratio... and similar confidence that an impoverished family cannot manage any debt whatsoever.
So the U.S. debt-to-GDP may elevate well beyond 120 percent, imo, before it eventually crashes out of control. But that day will eventually come - because there just isn't anything standing in its way.
Bad times are coming. But I'd be an idiot if I tried to claim I knew WHEN.
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