“Washington has suspended it way into a $5.7 trillion increase in the public debt in just six years since October 2011. That is, during a period which supposedly constitutes the third longest business expansion in US history.  At the end of the day, you can’t borrow your way to prosperity. That’s the oldest rule in the book of sound money and sustainable finance.  And it’s about ready to be learned all over again.”

Read more: http://davidstockmanscontracorner.com/the-black-swan-in-plain-sight-debt-out-the-wazoo/

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