The United States is Bankrupt

Here 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.