Commodity Trade Mantra

Posts Tagged ‘Government Revenues’

When Will US Debt Hit the Wall?

US debt is now over $13 Trillion & is increasing rapidly, thanks to out of control spending far in excess of revenues. Assume revenues increase at the historical average of 4.6% per year & public debt only increases at 14% per year. Its likely that revenues will decline in the coming recession, while expenses will probably increase for social programs. And then?

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