Alan Trombetta (6 Apr 2011)
"Fiscal Armageddon in the USA"



“Fiscal Armageddon in the USA”

A World of Deficit Spending Without Any Changes
By: Richard Daughty, The Mogambo Guru

Junior Mogambo Ranger (JMR) Terry L. sent me the essay “Fiscal Armageddon in the USA” by C. Banesh, who reminds us that “Sometime between now and 2012 the US debt will equal the country’s Gross Domestic Product (GDP), the total market value of all the goods and services in our economy for an entire year.”