Huge Deficits May Alter U.S. Politics and Global Power
By President Obama’s own optimistic projections, American deficits will not return to what are widely considered sustainable levels over the next 10 years. In fact, in 2019 and 2020 — years after Mr. Obama has left the political scene, even if he serves two terms — they start rising again sharply, to more than 5 percent of gross domestic product. His budget draws a picture of a nation that like many American homeowners simply cannot get above water. Full Story »
Posted by Kaizar Campwala - via OneRiot, New York Times (Most Emailed)
