It’s not like the Republicans are much better, Dems complain of “Debt Clock” in Congressional hearing room
This number is much worse, and getting worse.
Many times we have mentioned that the actual debt number exceeds over $100 trillion.That number comes from Bill Gross; PIMCO, who also includes contingent and off-balance sheet liabilities in the total. If this number doesn't scare you, maybe the trend chart in the linked article will - shooting straight upwards? What you don't see is the other side - that is the resource assets required to repay this debt running in the inverse direction.
So here's a question for those high IQ types - how do you repay all this debt when the resource side is depleted? Realistically, major problems will start to occur long before complete resource exhaustion occurs.
Sleep well, while you can.
Dr Peter G Kinesa
February 28, 2013
