Video: Niall Ferguson on the American Empire -- May 14, 2010
Harvard Historian Niall Ferguson on China, pre-WWI Germany, and the coming U.S. Debt Crisis. Solid clip, brief and to the point.
The same points we've been making since the day we've launched. Accumulated government debt and new trillion-dollar annual deficits will bring a sovereign debt crisis to the U.S. much sooner than most think. Don't look now, but we're about to cross over the $13 trillion mark in total national debt. Just 8 months ago we crossed $12 trillion. The Deficit President (the Obankster) could care less. Oh sure, he admitted that we're broke LIVE on C-Span, appointed a deficit commission headed by Erskine Bowles and Alan Simpson, but he has no plan. For the Deficit President, it's all politics. And his only hope at victory is to borrow, spend, extend and pretend his way into 2012, the fiscal future of this country be damned.
Mini-archive of Daily Bail National Debt Stories:
A dozen more short clips from Ferguson can be found at: