links for 2009-12-20

  • National debt in Europe and the United States has reached levels that will significantly hurt the economies. It may cause capital flight – effectively causing assets and/or money rapidly to flow out of a country. The entitlement society, war waging, endless debt society we now live in is unsustainable unless taxes are raised significantly higher further hurting our chances of growth. Our politicians have dug ourselves into a deep hole.
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