Quote:
Originally Posted by paranoya32
I always get confused when I hear run away spending, but it always seems like any examples I read are always puny amounts of money compared to the GDP.
Therein lies the problem, when real GDP is goes negative for any amount of time, it's game over with this kind of federal debt. If interest rates were to normalize to something other than ZIRP, it would be game over. The only hope, the only way out, is absurd growth rates, which is not in the cards. Game over man. Only question is when.