IS THERE REALLY LIMITLESS CASH FOR THE US?: Dash for Cash Sends Assets Tumbling - Barrons.com
It's interesting to think about what is really going on - up there somewhere in the political ether of social democracies.
In other words, taxes are high - but, not high enough.
So, we do a double whammy. We borrow to make up for what we can't tax; and, we offer savers no incentive to save (corporations and businesses excepted) with generous safety nets.
So, is it conceivable that we eventually run out of money?
Right now of course things seem to be rosy in the US (not so in - say Italy, where there are lots of savers); but, unless Bernanke keeps printing, it would seem as though the economic hole of Obamanomics keeps getting deeper and at some point, Greek-like things could come to the Treasury market.
Thursday, August 4, 2011
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