Soon There Won't Be Enough Money in the World to Fund US Debt

I just started reading After America by Mark Steyn which I highly recommend to anyone.  It is probably the most humorous book on the economic apocalypse you'll ever read.  Anyway, Mark Steyn refers to a paper called "Financing US Debt:  Is There Enough Money in the World - and At What Cost?" by US Treasury official (and former Chief Economist of the Office of Management & Budget) John Kitchen and Menzie Chinn of the Robert M. La Follete School of Public Affairs at the University of Wisconsin.  Using estimates from the CBO, they calculate how much US Treasury debt foreign governments will have to buy over the coming years to keep funding our government at current interest rates.  The results are simply not pretty.  It is becoming increasingly evident that the US debt is just so enormous that we will eventually not have enough people around to actually buy our debt from us.  Check out this key chart:

Read more: http://libertarian-neocon.blogspot.com/2012/11/soon-there-wont-be-enough-money-in.html