Our nation's debt is literally indenturing our children to our international debt holders, but most Americans don't care because they are more concerned about the latest saga involving Snooki on Jersey Shore rather than what really matters, our country’s future.

Thursday, November 5, 2009

It is Japan we should be worrying about, not America- More Doom and Gloom

Japan is drifting helplessly towards a dramatic fiscal crisis. For 20 years the world's second-largest economy has been able to borrow cheaply from a captive bond market, feeding its addiction to Keynesian deficit spending – and allowing it to push public debt beyond the point of no return.


The more economics and financial articles I read the more I feel like we are hurtling towards certain disaster. But the really big problem is that we have inept politicians who don't understand anything about business or economics in charge of our futures. Its going to be a really bumpy ride over the next ten years.

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