Road to 350: What Does the US Navy Do Anyway?

[Randy Daytona]

$40T in debt and counting... I'm thinking government business and bonds aren't great places to be for long-term planning.

The Brits overcame debt at 260% of their GDP after the Napoleonic wars, but it took a century and an industrial revolution, and they still never got back to where they were before.

Some good charts in here:

US debt hits $40 trillion: Who does Washington owe and why does it matter?

Heavy borrowing, increased spending and tax cuts by Democratic and Republican administrations have long raised concern.

www.aljazeera.com

Saw another report from the CATO Institute arguing to let Social Security go broke to force the government to cut benefits by 22%. Unbelievable.