Mogambo Guru rambles on about Alan Greenspan and the coming disaster for the US economy in his latest posting.


And since we are talking about debt, let's divide the total amount of official debt outstanding, namely $32 trillion, by the mere 110 million non-government workers that we have in the USA. Furiously pounding the keys on the calculator, we get the hard-to-comprehend figure of $290,000 of debt per private-sector worker. The new debt limit, when borrowed over the course of the next sixteen months, will obviously bring the new total to $299,000, if nobody in the country adds another single dime to their debt loads. To which I guffaw with a blatant undertone of stark sarcasm and disrespectful disgust.