Going for broke 6/1/2013
Mark Steyn looks at the post-fiscal cliff US economy. And it’s not a pleasant sight.
We’re already broker than anyone has ever been ever. But this is America, where we can always do better — or anyway bigger, and broker: Under the “deal,” the federal debt of the United States in 2022 is officially projected to be $23.9 trillion. That’s in today’s dollars, as opposed to whatever we’ll be loading up the wheelbarrow with in 2022. With “deals” like this, who needs total societal collapse? By 2050, the federal debt will be $58 trillion. But you won’t have to worry about a United States of America by then: It’ll just be one big abandoned Chevy Algaerado plant.