Stark Doubts From A High-Wattage Brain

Luminaries in economics and business have been expressing concerns about America's financial future recently. They may not be household names, but they are well known in their fields. Among them are Carmen Reinhart, Ken Rogoff, Bill Gross, Mohamed El Arian, Stephanie Pomboy and, of course, Nouriel Roubini.


Now another high-wattage brain, who happens to be a global media billionaire, is expressing doubts about America's future, too.  Starkly.

When the Wall Street Journal interviewed John Malone recently and asked about risks in the cable business he responded; "The concerns really tend to be much more macro: Is America going to make it, rather than are we going to make it? It's pretty hard. If the country doesn't make it, do any of us make it?"

He goes on to muse about illegally fleeing to Canada on a snowmobile trail.

This sounds a bit wacko. But this is not a man known for rash judgment

The Other National Debt

Kevin Williamson of National Review Online has sharpened his pencil toted up the national debt numbers.  He finds "the other national debt" to be 10 times the official $14 trillion.

Why?  Because no one holds government to accounting standards remotely as stringent as those that business uses.  Like so many entities; it can fudge, so it does.

His piece is both entertaining and sobering. Read The Other National Debt.

Or listen to him talk about the article in this radio interview on Mike Rosen's 850 KOA Denver. 

These numbers are starting to sink in.  Let's hope we take action before they sink us.