Tuesday, October 30, 2012

America Almost in Bankruptcy...


http://news.investors.com/economy/103012-631384-economic-charts-show-weak-gdp-lei-investment.htm?src=HPLNews&p=2

Generation X, Y and beyond are going to be burned by high debt and high inflation if we keep on this path to bankruptcy. We have already borrowed money we don't have and will never be able to pay off since we are only trying to pay the interest on the money borrowed, but we are not paying anything (zero) to the Principal amount owed. Very serious indeed. 

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JFK; Bush; LBJ; Nixon