America's True Crisis

This actually talks a lot about healthcare, but here is the tie-in to the big picture -- ``The odds are that U.S. government debt will rise five percentage points above nominal GDP. In a decade, total government debt would surpass 200 percent of GDP, similar to Japan today. While Japan's high level of government debt is entirely funded by domestic savings, the same cannot be said about the United States. The United States imports 4 percent of GDP in capital per year. When its government debt reaches 200 percent of GDP, foreign capital is likely to panic. A currency-cum-debt crisis is likely to follow. Basically, the United States' current trend is not sustainable.''