Economist: civilization may not survive "death spiral"

[RedInker]

richardhutnik said:

RedInker said:
16 trillion Dollars!!! Fuck me thats a lot of money. Time to seriously tighten the purse srrings.

Good luck trying to get the public to vote for a platform of getting less money from the government, and also have their taxes raised.  You are seeing in American politics a fracture between the budget cuts and tax increases going on.  

I agree that Budget cuts and Tax rises are not vote winners. But there will be a time when the cost of borrowing is going to rise. Even the largest economy can run out of credit. When that will be remains to be seen