America is in better shape than most other places, except perhaps Canaday or Norway.
But things can change fast enough, that even if you were in great shape, so many things can go wrong very fast.
That’s why it’s important to stay away from the abyss, if possible.
I think we’re right there. We’re 105% of GDP debt and climbing. That’s really, really bad.
If we were to stop overspending AND simultaneously get the economy growing at 4%+ we’d have a path out.
It looks not good.