I don’t think that was rude. But maybe I missed something.
In any event, now we are Greece. And there is no German sugar daddy to bail us out. Hold onto your hat.
The sad reality is that our entitlement system is going to not only crush us, it may crush the world economy because the value of the dollar is very important to the health of the world economy as the reserve currency.
We will debase our currency first printing them to meet all of our obligations. The people who will be harmed the most when it collapses are the same people we are “trying to help” now with borrowed/printed money.
Watching our bond sales during the next year will be very interesting.