The Great Debt

What i think is probableat my opinion, if i had money on it, is what a now deceased economist, gerry north, calls the great default. And basically that the obligations are so large that eventually the government will default on those obligations. I don't think that will be a sudden thing of one day, if we're just going to stroke a pen and ignore all our obligations. It's more likely that that will look like a multi year, who knows, multi decade process.