Municipal debt outstanding doubled in the past 10 years. And in the past 30 years, the U.S. has been in real economic nirvana.

Meredith Ann Whitney (born November 20 1969) is a banking analyst and frequent contributor to CNBC Fox Business and Bloomberg News programs. She graduated with honors from Brown University. She was a member of the first co-ed graduating class of The Lawrenceville School.

Based in New York City Whitney manages her own advisory firm Meredith Whitney Advisory Group LLC where Meredith Whitney produces company-specific equity research on financial institutions and analyzes the sector's operating environment. Meredith Ann Whitney (born November 20 1969) is a banking analyst and frequent contributor to CNBC Fox Business and Bloomberg News programs.