Friday, January 20, 2006

Fund Manager Arnott Raises a Thorny Debt Question Bloomberg Columnists

"What if today's children grew up and repudiated their parents' debts?
Suppose they walked away from the bills accrued via government deficits, not to mention all those credit cards. Imagine the global tumult if they simply refused to carry the burden of under-funded pensions and the U.S. Social Security system."

Interesting article....though Arnott is being rather alarmist. I use his fund in the minute possibility he is correct, but I don't buy into the chicken little scenario some are espousing.

Scott Dauenhauer, CFP, MSFP