LynRobison Wrote:
Jan 31, 2013 1:23 PM
The sad truth is that with $16 trillion in sovereign debt and another $200 trillion in unfunded financial obligations, we can not afford our superpower status. Do you realize how much a trillion is? It is a million million. And the federal government is in the hole for 216 of those, and still digging. The only way for the US government to get hundreds of trillions of dollars it needs is to print them. And that won't work for very long, because it will destroy the value of the US dollar. So, what makes you think we can maintain our superpower status?