Yahoo Breakout: U.S. Debt, Default & Beyond: Financial Armageddon Is Inevitable, Says Author

1. Jeff Cox, author
2. Greece not fixed, Portugal, Ireland, Spain
3. Bond vigilantes will come to US
4. Mortgage problem pales in comparison
5. Not equity crisis, a debt crisis
6. Patient was broke, not sick, got hammered to fix a hangover
7. Globalism makes it worse not better
8. Inflation is inevitable, can't be controlled, Fed is helpless
9. Carter era stagflation
10. Why can't we get out of this like the 80's
11. The right steps can mitigate, but political will is lacking
12. Deal on debt in DC possible, forestall crisis for another day, but still out there
13. Need common sense, have to change course