I am worried about this"America's debt at 84% of GDP will soon...

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    I am worried about this
    "America's debt at 84% of GDP will soon pass that toxic 90% trigger point."

    does anyone know anything about this 90% trigger point?
    please explain

    things that may help it get to that level are
    defense
    medicare
    pensions
    the bailout is already factored in

    the us needs to reduce spending on defense and put the money into pensions and medicare

    i see two problems
    1. the risk of the government going broke

    2. shadow banking
    3. something in china eg a bursting of the property bubble
    4. another terrorist attack

    3 of these are black swans - low probability, big impact

    gov going broke
    shadow banking
    a terrorist attack

    the most likely will be a bursting of the property bubble in china.

 
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