Here is a financial report on USA, Inc., presented as a slide show, as developed by financial analysts.
Most of us Bookworm Room aficionados know that the economic state of health of our country is not good and getting worse. It is critical, actually. Unfortunately, there are many still wedded to Keynesian mythologies of the Hoover and FDR era who insist on bleeding the patient with leeches when major surgeries are warranted.
Where I see hope is that this devastating report, authored by Morgan Stanley analyst and Silicon Valley venture capitalist Mary Meeker, was supported by famous Liberal Democrat heavyweights such as Laura Tyson, Al Gore and Peter Orzag. Small rays of sunshine are beginning to enlighten the clinicians’ gloom. One can quibble with details (that General Motors has turned the corner, for example), but the core facts presented are solid and irrefutable. Scroll toward the end and visualize how this is not just the United States but the entire western world as we know it that is affected.
To solve a problem, one must first define the problem. Read it, skim it (just the graphs are explanatory enough) bookmark it, and use it to educate as many people as you can. Because the real battles will begin when all of us must decide between surrendering our entitlements to the scalpel and turning off artificial life support altogether.
Our era is ending and we are seeing the first birth pangs of the new. Birth is a painful, bloody process.
H/T Richard Fernandez and Ace of Spades HQ.
Some people have had trouble with the link above, so here is another link to the article.