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.

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3 Comments for 'Going for broke'

  1.  
    old44
    6/1/2013 | 8:05 pm
     

    You can always sell Alaska to the Chinese, or Canada.

  2.  
    John
    6/1/2013 | 11:33 pm
     

    The Global economy will collapse when the US economy collapses. The next GFC will be horrendous.

  3.  
    Harry
    11/1/2013 | 8:00 pm
     

    Karma, I hope the Americans fall on their sword. Their corrupt war mongering leaders such as Obama and Bush are going to burn in Hell next to Hitler and Bin laden.

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