Wednesday, August 14, 2013

The U.S. is Bankrupt

Detroit has acknowledged its bankruptcy.

Washington D.C. has not.

"Official" acknowledgement does not change reality.

Detroit Today, Washington Tomorrow - Prof. Laurence Kotlikoff @ PBS NewsHour

The United States is Bankrupt because Americans believe they are "entitled" to other people's wealth.

h/t Gary North

1 comment:

Bungalow Bill said...

I hear that entitlement in peoples voices every day.