I normally enjoy giving Sergey a hard time for the drivel he posts here. However, a post in the NAAFI (put in as a bit of fun, I suppose) about a possible break up of the USA got me thinking. His thread is HERE Now I don't agree with the break up structure but it got me thinking about the longer term implications of the level of debt within the US and the implications for us. I'm not sure if people saw the last This World programme but if I was a yank I'd be a very very scared. If you thought the current credit crisis was bad, you want to have a look at this programme and then get really worried. The programme is here, called American Time Bomb. Although it is an hour long, it is well worth a watch for anyone who wants a decent analysis of the long term US fiscal crisis. The star of the show and the whistle blower to how bad things could get is none other than the last Comptroller General, the man who signs off the US National budget so he knows a thing or two. Warren Buffet and Alan Greenspan both figure with comment. One number that scared me was a graph about half way through the programme. It showed the trade deficit of the US being the worst in the world. More importantly, 2nd to last was the UK. Although I don't we are in quite the hole the US is, the programme allows a comparison of potential threat to the UKs economy. All in all, a v troubling programme as a sick US means (as we have found out in the Credit Crunch) pain for us all and this programme suggests the US is going to get a whole lot sicker in the future. It would be interesting if someone could do a UK variant of this programme. That might be even more worrying.