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.
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.
the words of samuel beckett.
composition michael mantler, carla bley