U.S. Public Debt is in ‘Overhang’ Turf

Econoblog has published an informative piece on the public debt ‘overhang’-something like an avalanche snow cornice I suppose, that may account for the slow economic growth.


There is also an ecosphere degradation overhang-its much more than just global atmospheric heating. The mass extinction of species is in a sense a loss of a data bank and library of critters that could be helpful for populating exo-planets with life (it ought to be more than just humans and robots).

The nation needs to transition to ecological economics, yet that requires intelligent government leadership, so I suppose it is only a joke to consider.