Les Rubin calls the U.S. national debt a Ponzi scheme and warns of impending fiscal crisis

"I wrote a book with another economist, Dan Mitchell, and it was called The Greatest Ponzi Scheme on Earth. That’s what I think we have with our debt."

Main Street Economics founder, Les Rubin, heavily cautions that a failure to manage the debt load will result in deep financial devastation, leaving the United States without any realistic means to meet its basic global obligations.