Debt 100% of GDP

This morning I awakened to the sight of a headline on Fox News: Debt now at 100% of the GDP (Gross Domestic Product). Way to go, America. You have nowhere to go but down. We can sincerely hope that the "Super Committee" gets a brain and stops the spending, but it sincerely may be too late. Have you ever ridden on a teeter-totter? When a heavier person gets on one side, you go up in the air and you either fall off or stay stuck with no progress. That's where we're at, folks. Our debt is on one end, and we are up in the air and can't reach the ground to get going again. Unless the debt side "loses a lot of weight" (Weight Watchers won't help), we going to stay stuck or we're going to go down hard. It's not the ride, it's the landing.

I'd say by now Ben Franklin is yanking on Jesus' robe, yelling "Do something! Do something!" He used to say that "a penny earned is a penny saved." Yep, we're out of pennies, Ben. And even gold is too expensive for normal people to hoard at this point.

I'm not an economist, and I'm no expert in the ways of Wall Street or the government. But I do remember my laws of physics. And we are in for it. Stay tuned.