3 years to go...
Posted on 10/24/2009 3:47:16 AM PDT by Scanian
America's economy faces a miserable future, according to an important government report. The media collectively have yawned, and official Washington has barely blinked. The Government Accountability Office recently issued its report to the Congress on the long-term fiscal outlook for the United States. It is a bleak picture. The report opens:
"Weakness in the economy and financial markets -- and the government's response to them -- have contributed to near-term increases in federal deficits, which reached record level in fiscal year 2009. While a lot of attention has been given to the recent fiscal deterioration, the federal government faces even larger fiscal challenges that will persist long after the return of financial stability and economic growth."
And:
"...the federal government is on an unsustainable fiscal path."
(Excerpt) Read more at americanthinker.com ...
We’ll become Argentina with nukes.
"It’s going to go crashing down, in an ugly way. That’s the basics of the argument."
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