Could America Go Broke?

That's the question that Washington Post columnist Robert Samuelson asks in today's column. The very idea of the likes of the United States, Japan or Great Britain defaulting on their sovereign debt once seemed preposterous, he writes. It still seems far fetched. But it's not so far fetched that people haven't begun asking whether it's possible.

Samuelson makes much the same case that I have:

The...

Original article from http://baconsrebellion.blogspot.com/2009/11/could-america-go-broke.html