Considerations

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The United States is Bankrupt

November 5th, 2007 · No Comments · Economics, Finance, Politics

forex tradingHere is the conclusion of a risk management professor and a Cleveland Federal Reserve Bank economist:

The U.S. government’s future obligations outweigh its projected revenues so heavily that it would need a permanent income tax increase of 66% or the immediate elimination of all federal discretionary spending to put it on track for balancing its finances.

Read that again, and then click here for more information. I have yet to see any presidential candidate -- except Ron Paul, who has his own issues -- address this impending disaster.

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