Sunday, October 13, 2013

Addicted to Debt


The US is addicted to debt as can be seen by Planet Money's terrific graphic showing the breakdown of same. Needless to say, it's a big deal, particularly if the US punts on raising the debt ceiling, something Eisenhower never had to do as president. When looking at this, the question to ask is, could Apple, Microsoft, IBM, Google et al survive carrying a load like this? I think not. Something needs to be done to rectify this shameful situation and soon because time is running out because nothing is infinite, save the multiverse, a reality too big for us chickens  to ever fully understand.

Seen below is the Planet Money, NRP app for iPad and iPhone. (no doubt Android will have this as well) filled with very cool articles about the economy including the header info-graphic seen above. Enjoy. 




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