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Politics : Mainstream Politics and Economics
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To: i-node who wrote (54628)10/7/2013 1:38:53 AM
From: FJB  Read Replies (1) of 85487
 
Yet, entertaining as all this political drama may seem, the theater itself is indeed burning. For the fiscal position of the federal government is in fact much worse today than is commonly realized. As anyone can see who reads the most recent long-term budget outlook—published last month by the Congressional Budget Office, and almost entirely ignored by the media—the question is not if the United States will default but when and on which of its rapidly spiraling liabilities.


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