And Congress is a facilitator to the ongoing federal budget disaster. Most Americans appear to have little perspective as to how bad things are fiscally in the U.S. Cato Institute’s Doug Bandow runs through the arithmetic of what is an ever-building U.S. fiscal time bomb. Mr. Bandow’s picture is not a pretty one.
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Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.