Will Debt Sink the American Empire?
After growing for decades, this year the U.S. debt
will roughly match its GDP. Throughout history, nations that blithely piled up
their obligations have eventually met unhappy ends.
The Real Reason to Worry About the Huge US Budget
Deficit
Don’t fret about the immediate effect on money
markets. Do fear that the bond vigilantes will reawaken.
US borrowing binge risks market strains, analysts
warn