U.S. Approaching Fiscal Death Spiral

By on December 27, 2009

Richard Rahn of the Washington Times writes about the problems facing Greece and its huge government indebtedness. Rahn also believes the U. S. is veering towards the tipping point where tax revenues only cover the interest on the debt. He says when this occurs there is only one way out, which is to make the government smaller and recipients of their largesse poorer.

Source: The Washington Times

It’s My Life – No Doubt

One Comment

  1. Anonymous

    January 20, 2010 at 4:49 am

    What a great resource!

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