» Posted by Martin Weil on November 08, 2006

For investors, the magic of compound interest works in their favor. For debtors - and the United States is the world's largest debtor - the magic of compound interest works against them.

David M. Walker, Comptroller General of the United States

Personally, I pray our newly-elected Congress will pay heed to what Mr. Walker has to say about the US' potential to turn into another "Argentina" some decades hence.

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