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The USA: future deadbeat
In this morning's breakfast discussion on U.S. indebtedness (where economist David Li also made some interesting remarks), former Goldman Sachs Asia vice chairman Kenneth Courtis offered this rhetorical question:
"When the current administration leaves office, the U.S. will have an external debt of $6.5 trillion," Courtis said. "Is anyone in this room naive enough to believe the U.S. will ever pay that back?" No one spoke up. Once again, I would like to thank Geroge Bush and his legion of advisors/drinking buddies for ruining America. So many countless mistakes in judgement that it will literally cripple this country for a century...if we're lucky. the country is going to be reduced to something like a dysfunctional family that has a lot of material items, couple cars and a mcmansion but no retirement accounts adn with children who hate their parents.
Posted By : 12:24 PM | Add a Comment
Like your Brainstorm communication of what's going on.
The U.S. will have an external debt of $6.5 trillion, very soon. Debt forgiveness applies to all in need. Will the US put up it's hand as being in need or clench it's fist as being in power? Posted By : 1:58 PM | Add a Comment
QUESTION
"When the current administration leaves office, the U.S. will have an external debt of $6.5 trillion," Courtis said. "Is anyone in this room naive enough to believe the U.S. will ever pay that back?" ANSWER Forgiveness (debt) applies to everybody. Will the US hold out it's hand or will start to tax nations for it's self appointed role as world policeman? Posted By : 11:42 AM | Add a Comment
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