One possibility of where the US is headed. The Seeking Alpha article below should probably be read after reading Spiraling to Bankruptcy
“I’ve been reading quite a bit of handwringing over Greece in the UK papers, and came upon this piece from one of my favorite writers, Ambrose Evans-Pritchard, early this week. … As you read this, feel free to replace the word ‘Greece’ with ‘America’ and ‘2009/2010’ with ‘2022-2025′”… More »
My guess is that the time frame of “2022 – 2025” is way too optimistic. It is difficult to imagine that we can survive that long given our present situation.