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Wednesday, June 13, 2012

lost in a fog and in the mud


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on june 2, 2009, a great fog settled over our area, but it had been coming for quite some time....
spain's  public debt burden as a % of GDP is 69%.
this country's  public debt vs. GDP is 96%.
pointing fingers at spain's economy is an interesting exercise.
our fullblown unemployment would seem to be 14 or 15%.
our debt ceiling is about 15 trillion $.
our annual gdp is about 15 trillion $.
this country has $13 trillion in personal mortgage debt.
this country has $870 billion in student load debt.
we  in this country have $15 trillion in other personal debt.
u.s. total debt is $56 trillion.
that is a real number
the states total debt is $1.1 trillion.
total municipal debt is &1.7 trillion.
we are still in the fog, and stuck in the mud, too.
there's no way this will end well.
we are what we are.
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u.s. debt clock.org
both parties and you and i are to blame.
indebtedness has been the drug of choice for our culture for some time.
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NO ANSWER
the words of samuel beckett.
composition michael mantler, carla bley

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