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Is The U.S. Bankrupt?

February 7th, 2014 · No Comments

Despite favorable demographics, a relatively small tax base and a small welfare state compared to other advanced nations, many people are alarmed at the level of public sector deficits and debts. These worries have led to the implementation of considerable spending cuts already, spending cuts, which the IMF! have classified as “excessively rapid and ill-designed.”

via Is The U.S. Bankrupt? – Seeking Alpha.

Tags: Public sector deficits and debts