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News for Norther Colorado and the world

Thursday, July 31, 2014

Posts Tagged ‘indebtedness’

America’s Debts: Even More Calamitous Than We

America’s Debts: Even More Calamitous Than We Thought

By Dr. Mark W. Hendrickson Brace yourself. This isn’t going to be pleasant. If you’re in a bad mood or get easily upset, you may wish to pass on reading this article. The country is in even worse shape economically than we thought. We awoke on Feb. 14 to find that this year’s federal budget deficit is going to be larger than previously projected—a record $1.65 trillion. Recently, the official accumulated debt of the federal government passed the $14 trillion threshold. A ... Full Story

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