So?........

As long as we can find enough suckers we can continue. Period. We've been doing it since the 1930's.

However, shipping our middle class jobs overseas and retiring millions of us will put an end to it.

It's only a matter of time. I'm still betting between 5 and 10 more years. My generation leaves the work force and collectively by then we will have bankrupted our creditors of federal debt.

In the mean time, we'd be better off worrying about banks taking our tax dollars at 0% and lending it out at 30% on your credit cards.

Guaranteeing, counting all the future taxes, fees, and "fines", we have nothing left for our future.

Of course,  we still have enough firepower to take over anyone we want to pay for our shit.

And we will! Just give it time.

It Can Happen Here.  It Might Be Happening Now.

The best sign at my hometown "tea party" was a giant banner that spelled out in huge letters: $12,000,000,000,000. It took at least ten people standing in a long line along the highway to hold it.

The 12 trillion number is new federal obligations assumed since the economy began to unravel in 2008. It's enough money to pay off nearly every home mortgage in America .

Here's another number for you: $101 trillion.

That's the amount of unfunded Medicare and Social Security liabilities going forward through the end of the boomer retirement (1).

Well before the economic crisis was in full swing, Russian blogger Dmitri Davydov put together a presentation about the similarities between the USA now and the USSR as it neared its end. Here were three distinct similarities he cited: