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<p>[QUOTE=&quot;InfleXion, post: 1304336, member: 29012&quot;]Here&#039;s where the rubber meets the road though - The reason stocks went down today is because Fitch warned that continued Euro zone debt issues could impact the US banking system, which is because of counter party risk and all the European sovereign debt that our banks own. While our debt situation is not the same as Greece or Italy (we actually have much more total debt, although the debt/GDP ratio isn&#039;t as bad) that doesn&#039;t mean that our financial system isn&#039;t impacted by what happens in Europe. As to whether the debt is unmanageable, I can&#039;t say one way or the other, however on a long enough timeline that will be the case as compounding interest begins to grow at a greater rate than it is possible to pay off. There is a point of no return somewhere, but I don&#039;t know specifically where it is. My point is that the way debt works is geared in a way that puts the debtor at a disadvantage.[/QUOTE]</p><p><br /></p>

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