Business news without the bullshit

"US Addicted to Budgetary Crystal Meth"

Bill Gross lays it out

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60 Trillion Dollars owed

Bill Gross runs the biggest private bond portfolio in the world, so he is not some random nay sayer.

He's the guy who has to figure out where to put billions and billions of dollars.

It's not an easy problem to solve.

End of the world?

Not soon, but the arithmetic is not happy.

I don't agree with Bill Gross' specific recommendations in this particular video. They're dated. But on the general points, he's spot on.