Saturday, March 10, 2012

Greece Now Completely "Vapor Locking"

First here is the link which describes the absolute meltdown that is Greece.

Can you name two countries with worse debt problems than Greece? As a matter of fact, Japan and the United States.

Here is a little article that details the 9 trillion dollars in debt that is kept off U.S. balance sheets and concealed on purpose. Were that 9+trillion actually accounted for and added to the existing 15.5 trillion debt that is counted, it brings our total debt to GDP to around 175%. Worse than Greece.

Imagine what happens when the pent up demand of millions of people seeking health care occurs in 2013 if Obamacare stands? DEBTZILLA. 

How long can this American fantasy of economic health continue? How has it continued this long? Smoke and mirrors.


Jones said...

Smoke n mirrors n fear. Everyone is invested, so no one gets out. House of cards my man, and we're all living in it.

Jim at Conservatives on Fire said...

I am confused. The entire amount of loan guarantees shouldn't be booked as debt, should it?

Brian said...

I think the best way to put it is this.

If I cut twelve inches off the measuring tape, can I say I grew a foot? That's how politicians massage things. They can't stand the scrutiny that comes with debt so they call it something else.

We are every bit as bad as Greece except that we have the reserve currency and the printing press...