Another warning about our U.S. Debt

The recent debt payment default in Portugal should be a warning to the U.S. with the kind of stress it is causing in Europe. Check prime minister Merkel of Germany comments at Bloomberg  http://www.bloomberg.com/news/2014-07-12/merkel-warns-of-euro-fragility-citing-portugal-turmoil.html   Portugal’s debt is 293 billion Dollars and has grown to 129 % of GDP and has gotten  to that level since year 2000 when it was 48% of GDP, let this be a warning to our country, do we really think we will escape the repercussions that will come when our interest payment grows out of our control and we have to restructure our debt to be able to handle it. Let the People Think!

 

Portugal’s Debt Clock  http://www.nationaldebtclocks.org/debtclock/portugal 

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