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Posts by "xaron"
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Posts Total by "xaron":
20 Posts by Anonymous "xaron":
"Even according to the White House's new budget projections, the gross federal debt in public hands will exceed 100 per cent of GDP in just two years' time. This year, like last year, the federal deficit will be around 10 per cent of GDP. The long-run projections of the Congressional Budget Office suggest that the US will never again run a balanced budget. Thats right, never."
( from: Niall Ferguson: A Greek crisis is coming to America -http://www.ft.com/cms/s/0/f90bca10-1679-11df-bf44-00144feab4
9a.html )