“America on Fiscal Suicide Watch” Doug Ross presents infographics from The Chicago Tribune.
The interest alone on the debt is projected to be over $1 trillion — and that’s if interest rates don’t go up significantly, which they will.
The only reason countries like Greece haven’t yet imploded is the promise of a backstop by big brother, AKA the International Monetary Fund, AKA the U.S. But when the U.S. hits these levels, there won’t be anyone to backstop us.
