Former Senator Alan Simpson (co-chair of the Simpson-Bowles commission on debt) says if the U.S. doesn’t cut its debt, the markets will eventually demand higher interest rates and the “little guy” will get the “green weenie”.(green is a curious color choice here to be sure, LOL). But I always appreciate Simpson’s candor.” Here is a direct link.
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I think his “green weenie” analogy is bang on ……check the urban dictionary for reference.
We’re getting the big weenie alright, but it ain’t a green one.