GREY:PCGLF - Post by User
Post by
investor40on Apr 08, 2010 9:59pm
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Post# 16972621
Interesting Read !!!!!!!!!!
Interesting Read !!!!!!!!!!Will America Choke on its Own Debt
Is America getting in too deep?
According to a new estimate by the Congressional Budget Office (CBO), if the United States continues along its current path, U.S. public debt will reach 90% of the nation’s economic output by 2020.
Given that federal debt has already zoomed to 53% of gross domestic product (GDP), this projected additional escalation seems outrageous.
Unfortunately, it’s only a piece of the story.
Read more: Google the story ---- got to do a work to learn more !!!!!!!!!!!
Cheers
Investor40