Monday, December 13, 2010

U.S. Facing Federal Debt Cataclysm, The Establishment Is in Despair

http://www.marketoracle.co.uk/Article24771.html

The post-2020 fiscal outlook is downright apocalyptic, for two reasons. First, the aging of the U.S. population will drive sharp increases in health care costs (and at the same time, more Americans will be retired). Second, federal interest expense will rise exponentially, as the Treasury's borrowing costs grow with the debt.

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