The Cheat or the U.S. Debt Bomb
So I read an article in the Times today about the ”U.S. Debt. Bomb.
“What a good country or a good squirrel should be doing is stashing away nuts for the winter. The United States is not only not saving nuts, it’s eating the ones left over from the last winter.” -WILLIAM H. GROSS
Ok, I’m bummed, how about you? I mean I was so looking forward to going Christmas Shopping on Friday. But that’s not going to happen now because the financial world is going to blow up.
Here’s a chart to depress you further from the New York Times:
Multimedia
Graphic The Debt Buildup
Okay, this is all very complicated, but of course it is all very simple. Basically, we owe money. Lots. And we borrowed from other places to pay, oh….never mind… Tallulah?
Here’s a great Pre-Code film to help wrap your head around all of this.
The Cheat with Tallulah Bankhead (1931). The Shelia Variations has a spectacularly detailed description of this “EEEEFED UP” film.
Basically it is about a woman who has a gambling problem, tries to cover it up, and tries to get money business man who has a strange Japanese Fetish. Okay, the U.S. financial system may not have a Japanese fetish, but we have a very strong dependance on China’s purchasing of our debt. We have become Tallulah Bankhead at a foriegn fundraiser. And the costumes are just not as good. At least Tallulah had a glittering head dress for her international humiliation.
Don’t you think we should be more fabulous for our downfall?
Categories: The Cheat Tags: Tallulah Bankhead, The Cheat, The Debt Buildup, The New York Times, The Shelia Variations, William H. Gross