http://www.abc.net.au/news/stories/2011/04/12/3189129.htm "Thanks to an ageing population, exploding health care costs and inaction from both sides of politics, the Government Accountability Office now estimates that the United States is looking down the barrel of a $90 trillion fiscal gap over the next 75 years. Treasury secretary Tim Geithner estimates that the US is adding about $125 billion of debt each month and the nation is expected to hit its $14.3 trillion debt ceiling in May. Former treasury secretary James Baker describes the "debt bomb" as the number one problem for America. "If we didn't have the dollar as the de facto reserve currency of the world, we'd be Greece. I mean we are broke," he exclaimed on CNN." Was an interesting read - not looking to rosy atm.
I was watching the interview this morning with my first Coffee It was funny watching him admit they were nearly/sort of/could be bankrupt
