The Joy of Going for Broke

By MN Gordon, Economic Prism

One of the fabulous familiarities of living in a fading society is that not a day goes by where something utterly flabbergasting doesn’t occur.  We don’t like it, of course.  But who are we to stand in the way of it.

Naturally there’s nothing we can do about it…except enjoy it as best we can.  Here’s what we mean…

The U.S. federal government has run up $16.8 trillion in debt.  Pencil in household, business, state, and local government debts and you get $59.6 trillion.  You’d think by now something would’ve given way.

No doubt, many things have and are giving way – like Detroit.  Still, as John Maynard Keynes, the messiah of deficit spending once remarked, “There’s a lot of ruin” in a nation.

The ruin, of course, can be enraging…if you let it be.  However, we recommend against that.  Rather, we recommend you find entertainment in it.

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