There is so much here, I could spend the whole day commenting ... but I'm going to let you do that instead.
Click here for the whole thing ... but here is the set-up. Read, ponder, and report - you'll especially like the debt graph, very - ahem - Salamanderesque.
... oh this came out in JUL, and if you want to know why JFCOM died ... look at slide 41.
Hat tip SCPO