Five weeks ago, I wrote a letter to the Deseret News
(published 13 Oct 2011) in which I said "Sometime
within the next 5 weeks,the federal government's
debt load will advance to the 15 trillion dollar
level.
And wouldn't you know it I hit the nail on the head
right to the day (November 16, the last day of the
full 5 weeks.
Wow, how did I do that. By putting massive numbers
together with a small dose of quantitative easing?
Reading tea leaves? Crunching a fortune cookie?
Brilliant sluething? A highly educated guess?
Who knows? Who Cares? The really important facts
to consider are these: We have passed 15 trillion,
and it ain't (pardon my French) coming back. Next
up, 16 trillion. We can't stop this freight train
from barrelling forward. One of these days, it will
slip off the rails and make the evening news.
(published 13 Oct 2011) in which I said "Sometime
within the next 5 weeks,the federal government's
debt load will advance to the 15 trillion dollar
level.
And wouldn't you know it I hit the nail on the head
right to the day (November 16, the last day of the
full 5 weeks.
Wow, how did I do that. By putting massive numbers
together with a small dose of quantitative easing?
Reading tea leaves? Crunching a fortune cookie?
Brilliant sluething? A highly educated guess?
Who knows? Who Cares? The really important facts
to consider are these: We have passed 15 trillion,
and it ain't (pardon my French) coming back. Next
up, 16 trillion. We can't stop this freight train
from barrelling forward. One of these days, it will
slip off the rails and make the evening news.
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