Writing On The Wall—America’s Debt Pathologies

On surface, it takes a downright pathological character to go into hock at the rate achieved by U.S. consumers, U.S. corporations, and the U.S. Treasury.  Only mental defectives, Scientologists, and university economics professors can justify it with a clear conscience.  Nonetheless, these debt loads are a symptom of the compulsive effort to hold onto an economic golden age that’s slipping and sliding away.