Other people’s money

One thing’s for sure, we now have 100 trillion or more, much more in debt or unfunded fed, state and local government liabilities, and even debauching the currency has limits–I would expect some more bankruptcies and broken promises.

http://www.city-journal.org/2015/25_2_snd-entitlement.html

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2 responses to “Other people’s money

  1. Even now, the EU is plotting to make Greece pay up on it’s bad debts. When they did that with Germany (after that big, expensive ‘war to end all wars’) the Weimar Republic figured out how to do it – devalue the currency to the point of worthlessness and pay their huge debt (Europe wanted Germany to foot the bill for the whole war – *everybody’s* expenses!) with money that was literally not worth the paper it was printed on.
    Keep watching…

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