Friday, November 29, 2013
Thursday, November 07, 2013
YOUR CHALLENGE:Stabilize the U.S. Debt at 60% of GDP by 2021.
It's no secret that America's finances are unsustainable. So, what can be done about it? The problem has been mounting for a long time and it cannot be fixed overnight, but we need to start addressing it now.
The debt of the United States is rising to unprecedented – and unsustainable – levels. Under reasonable assumptions, the public debt of the U.S. is projected to grow to 91% of GDP by 2025, 149% in 2040 and 415% in 2080. No country can support debt at these levels without huge costs to its standard of living, at a minimum, and most likely a severe crisis. HAVE FUN!