From ZeroHedge
"Somewhat lost in the posturing is the fact that the Fiscal Cliff was
put in place to force Washington to address the exploding government
debt problem. That problem is greatly exacerbated by the rapidly
changing demographics in this country. If you fast forward 20
years until all the boomers are retired government debt (taking into
account unfunded liabilities) soars to $202 trillion. Perhaps worth remembering that "The
real problem is that regardless of the resolution it will not solve
anything. We have passed the point of no return. We cannot
mathematically solve this debt problem. We can only slow its
progression."
read more
No comments:
Post a Comment