US debt: Has its past become its future?

posted by
August 7, 2011
Casey Research
by Frank O. Trotter  
Posted in Commentary

"If Congress had agreed to a plan to reduce the federal government’s role in the economy from over 25% of GDP today to, say, 10% by 2030 using a combination of outright cuts, elimination of an imperial military, significant privatization, and returning Social Security to the last-ditch plan it was meant to be, I might change my tune. But after this last round of languid Congressional efforts I’ll continue to maintain that we will see the U.S. dollar decline in the intermediate and long term against fortified economies like Norway, Australia, and Singapore." (08/05/11)  


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