bacpacker
02-08-2014, 01:25 AM
This report came out this week and I finally ran across a link to it. There are lots of information in this report if you dig around a little.
My general take on it, We have until maybe 2020 (give or take a couple years) until our debt is pushed so high there will be no way for us to recover. However I think we may really be closer than that. A lot of it depends on how the economy grows between now and then.
Here is the link:
http://www.cbo.gov/publication/45010
BTW there are lots of other reports linked on the main page for all kinds of different things. I haven't had time to go thru any of them yet. But there looks to be a lot more material available as well.
My general take on it, We have until maybe 2020 (give or take a couple years) until our debt is pushed so high there will be no way for us to recover. However I think we may really be closer than that. A lot of it depends on how the economy grows between now and then.
Here is the link:
http://www.cbo.gov/publication/45010
BTW there are lots of other reports linked on the main page for all kinds of different things. I haven't had time to go thru any of them yet. But there looks to be a lot more material available as well.