"It doesn't matter how beautiful your theory is, it doesn't matter how smart you are. If it doesn't agree with experiment, it's wrong." Richard P. Feynman
Friday, August 12, 2011
US Debt Crisis for Dummies.
While my financial expertise is limited to that required to run a manufacturing business this simplified analysis of the US debt seems reasonable to me ,if somewhat scary. I guess at some time a country must pay it's bills but I'm not looking forward to the time the debt collectors arrive at the door of the White House. If this was a business, shareholders ( or the receiver) would immediately remove the existing incompetent management and replace them with capable people to get the budget back into the black and put the nation back to work.