Wednesday, August 03, 2011

Looking at how the US increase the debt limit time and again, it really makes me worry for our next generation. I would rather that the US press the reset button, and default this time round, rather than accumulating the debt until it's "too big to fail". Its debt is already a few trillions now. 1 trillion is 1,000,000,000,000. 1 trillion seconds is 32,000 years...

Of course, if it default, it will cause ripples across the world. It is also a wake up call for countries. In the first place, everyone is to blame for the whole situation now. It takes 2 hands to clap. Y do they buy US debts in the first place?

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