One of the big questions I always want to know is "Why is it different this time?"
We've gone decade after decade with people explaining why the debt can't be sustained. Keynes' great line "The market can stay irrational longer than you can stay solvent." seems to apply to these analyses.
Is it different this time? If so, how? If not, what's the way out this time?
Why the National Debt is Now Threatening the Regime
Ryan McMaken | Tho Bishop | Peter St. Onge
"With the costs of financing the national debt now exceeding the costs of military spending and major social programs, Peter explains why government spending is now a crisis the regime can't ignore."