An article from Brian Wesbury’s team crossed my desk today that caught me scratching my head. I had never thought about the US debt problem this way before. I let you read and ponder…
“…yes, government is growing like crazy and deficits are huge (unbelievably huge). But this does not guarantee collapse. The US still has $150 trillion in assets and more than $15 trillion in annual output. A company of that size could easily afford to carry $10 trillion in debt.”
Source: First Trust Economics Department
