Niall Ferguson: Will Debt Trigger US Collapse?

The Harvard historian, Ferguson's main argument is that America's decline is (and will be) determined by the huge annual deficits and accumulated debt. Ferguson leaves out all the other reasons why America is on the ropes: political corruption, the overly powerful Finance sector, the sad state of our education, our soaring health care costs, our crumbling infrastructure, our oil dependency, and so on.