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Politics : Moderate Forum -- Ignore unavailable to you. Want to Upgrade?

To: Ron who wrote (16646)	5/2/2005 11:28:40 AM
From: Bucky Katt	Respond to of 20773

That is a thought provoking piece.. Imagine in the future demonstration rallies across the whole country in which the chant is "stop spending or we stop sending" __________ 'The Treasury Department commissioned a study by two economists of the United States' long-term liabilities, for inclusion in the 2004 federal budget. The study found that the government faces a present value "fiscal gap" - the excess of expected payments over expected revenues - of $51 trillion. That's 11 times our official national debt and also greater than our total net worth, meaning that in some sense we're bankrupt. Not surprisingly, the Bush administration took a look at the study, blanched, and declined to publish it.' From the book The Coming Generational Storm