Thursday, March 12, 2009

United States poised for Zimbabwe-style economic collapse, sez governor

If the United States keeps "spending a bunch of money we don't have", it faces a collapse of its economy much like what has happened in Zimbabwe, South Carolina Governor Mark Sanford predicts.

In case you haven't heard, the financial hyper-inflation which has rocked Zimbabwe has led that country to issue a one trillion dollar bill as part of its currency. For one of those legal tender notes, you can currently buy a hamburger or two.

Sanford gets what's really going on. Too bad there doesn't seem to be many other elected officials who are likewise calling for fiscal sobriety right now.

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Thursday, March 12, 2009

United States poised for Zimbabwe-style economic collapse, sez governor

If the United States keeps "spending a bunch of money we don't have", it faces a collapse of its economy much like what has happened in Zimbabwe, South Carolina Governor Mark Sanford predicts.

In case you haven't heard, the financial hyper-inflation which has rocked Zimbabwe has led that country to issue a one trillion dollar bill as part of its currency. For one of those legal tender notes, you can currently buy a hamburger or two.

Sanford gets what's really going on. Too bad there doesn't seem to be many other elected officials who are likewise calling for fiscal sobriety right now.

No comments: