Saturday, November 29, 2008

What Happens When The Debt Grows Too Large?

Tuna Melt intends to do lots of research and make some predictions about where things are headed now that the US government is putting itself into an unprecedented amount of debt. Perhaps in the big scheme of things, all this debt will only be a drain on the economy that can be overcome with a few good years (by the mid-80's, there was lots of fear that the US would never get out of the Reagan debt, but after the arms race ended, it happened rather quickly, maybe we'll be so lucky again).

Or, perhaps we're just a few more sandbags away from sinking this balloon. What happens if that's the case?

I don't know. That's why we have the Internet. Let's all figure this out together. For starters, let's take a few moments to learn what we can about the Latin American debt crisis of the 80s

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