- a 'must' read - , page-4

This excerpt from the article says it all DUB. When the crunch comes it will be scary.

All the facts in the world won’t stir the investment world until something goes awry. Everything is perfectly acceptable until one day when enough people decide it isn’t. That “tipping point” is unknowable, but when it arrives the markets will likely react too quickly for an investor to calmly ponder his next move. Debt of this magnitude is like a tattoo; fun to have at first, but one day you realize it’s a huge mistake. And while painful and expensive, tattoo removal may be easier than eradicating a debt burden that is on an exponential growth curve. Can the debt bomb be defused without wreaking havoc on our future way of life? That is the question that should be urgently addressed by our leaders and policy makers.