I was just watching a report that the Congressional Budget Office released today. I got up and walked away. What they said, in round numbers, was that in 2008 our debt was 40% of our Gross Domestic Product. Today it’s 60% of our GDP. At current spending levels they predict in 10 – 15 years our debt will be 100% of our GDP.
There’s not much happy crap in that report, but there is one silver lining in the cloud over DC. If they are correct, then it’s possible that we could have a Revolution in my lifetime. Not that I really want one. It would destroy this country as we know it. But if we’re bound and determined to have one and it’s unavoidable, I’d prefer to be able-bodied when it happens. Just saying.
4 weeks ago