Okay, I have to start posting more frequently. I've been scooped again! I've been giving talks on the "Five things you Don't Know about the US Economy" to various groups over the last several months and guess what fact number 3 is? The actual level of US indebtedness is much higher than the current "trigger level" of 90+%. Some estimate it to be closer to $200 trillion, not $86 trillion as this economist says (and gets international coverage for saying it!)
The problem? Too much government spending....see earlier posts. Anyway, expect more frequent posting in the near future.