28
Jul
10

Per the CBO: The fed gov’t is giving it to us Greek style. #tcot #sgp #twisters

Amplify’d from www.1800perfusion.com

The non-partisan Congressional Budget Office released its most dire warning yet of a looming U.S. debt crisis, openly comparing the U.S. budget situation to the Greek, Irish, and Argentinian debt crises and calling for a 20 percent cut in the size of the federal government. The July 27 report, “Federal Debt and the Risk of a Fiscal Crisis,” comes just days after the Obama administration revised upward its deficit projections for fiscal 2010-11 to a two-year total of $2.89 trillion. The CBO had labeled the federal spending path “unsustainable” in a June report.

via CBO Warns of Greek-style U.S. Debt Crisis.

Read more at www.1800perfusion.com

 

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Cheryl Prater

Managing Director

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