Damage Already Done

From Zerohedge.


...And even if we did wake up today, the damage is already done. The US total debt (federal, state, local, consumer, business) now comes to nearly $1 million per family of four. And that’s not counting a similar amount for unfunded Medicare benefits and who knows how much in derivatives liabilities. So a painless fix is no longer possible. Our choices have narrowed to only two: a crash that will dwarf the Great Depression or a hyperinflation that wipes out a whole generation’s savings...