"The recent failure of the British Treasury auction, two similar flops in Germany, and a very near miss in the US all prefigure a world with too much debt and too few sugar daddies willing to cover it." -- Mark Steyn
Obama's solution to "too much debt" -- more debt.
When debt is the problem, how can we think that more debt is the solution?
Furthermore, since the West is aborting its future, exactly who do we think we are going to pass the debt on to?
Has the West reached its high-water mark?
Stay tuned...
And that's the way the I-Wish-There-Was-A-Get-Out-Of-Debt-Free-Card Ball bounces.
1 comment:
Let no debt remain outstanding, except the continuing debt to love one another,
Wisdom of the ages
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