Saturday, June 5, 2010

Point of No Return

Today I found a message floating
In the sea from you to me
Wrote that, when you could see it
You cried with fear, the point was near
--Kansas

While some of the assumptions/projections in this type of work can be debated, the general finding seems clear. We're rapidly approaching, or already past, the point of no return w.r.t. debt.

Note the per capita estimates toward the end of the missive. (Public debt + private debt + unfunded liabilities)/US population = multiple sixe$ per citizen.

The real scary thing is that we're doing little, if anything to reverse course. By most measures, it seems to be full speed ahead.

No comments: