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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: John Vosilla who wrote (245794)4/27/2010 1:45:11 PM
From: ajtj99Read Replies (1) of 306849
 
With defined benefit programs and debt service expected to eat up to 93% of the US budget receipts by 2020 at the current trend, something is going to have to give eventually.

We are below the peak in public debt in WWII, but we are more than double the total level of public/private debt at the market peak in 1929.
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