Required reading: “US speeding towards financial crash”
Elections have consequences, as I’ve said in the past. The policies being enacted by this administration will have disastrous economic consequences. Rather than re-invent (or, in this case, re-write) the wheel, please have a look at Ed Morrissey’s latest on the matter:
Not only will the deficits increase, the cost of deficits will increase, and eventually the debt service will become the biggest part of the federal budget — unless Washington massively increases taxes to close the gap.
Read it all.
