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U.S. May Be in ?Worse Fiscal Shape? Than Greece?

serfserf Member Posts: 7,515 ✭✭✭
edited March 2015 in Politics
Too big to fail syndrome is at play and The World Central Banks are all in the derivative game! it's all been planned that way ! Believe it or not!

serf

http://cnsnews.com/news/article/barbara-hollingsworth/economist-tells-congress-us-may-be-worse-fiscal-shape-greece

After all, federal debt in the hands of the public is only 74 percent of GDP. Yes, this is double the debt-to-GDP ratio recorded a decade ago. But it's still a far cry from Italy's 135 debt-to-GDP ratio or Greece's 175 percent ratio."

However, using the Congressional Budget Office's July 2014 75-year Alternate Fiscal Scenario projection, Kotlikoff calculated that the U.S.' "fiscal gap" -which he defines as "the difference between our government's projected financial obligations and the present value of all projected future tax and other receipts" - is actually much higher than those of either Italy or Greece.
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