Blogging With Ike

"Men give me some credit for genius. All the genius I have lies in this: When I have a subject in hand, I study it profoundly. Day and night it is before me. I explore it in all its bearings. My mind becomes pervaded with it. Then the effort which I make, the people are pleased to call the fruit of genius. It is the fruit of labor and thought." - Alexander Hamilton

Wednesday, March 31, 2010

Debt Future

One of the nice things about security cameras is that you can see what happened. History is like that.

With history we can see what has happened and make a prediction on where the future is going. Right now the US debt is out of control.

This year for the first time Japan is going to take in 50% of what it needs to run the place. This is what happens when socialized domacracy comes into play. Look at Greece and all the problems there with the 14% of debt to GDP. The US will be there next year. Within in 10 years with all the spending there will be nearly 50% of debt. We cannot live like that.

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