The United States as Junkie

In case you haven’t been paying attention, the United States is ill. It has a sickness, a disease of the collective minds. It can’t stop spending. It needs that satisfying fix. It adds nearly $1.63 billion to the national debt each day. Some economists expect the war in Iraq will top $2 trillion. It’s getting worse.

After World War II, the United States was the “dealer” of credit. Now, it is the addict, the junkie, and if you’ve ever known a junkie running dry, you’ve been witness to rather pernicious activity. They are prone to anger. They tend to take uncharacteristic risks. They sell property that isn’t theirs…

Craig

The Daily Reckoning