America’s approaching debt disaster

National Center for Policy Analysis
by staff

05/17/10

When the Greek economy melted down recently its citizens rioted in the streets. Some have called it ‘the death-spiral of a welfare state’ — too much borrowing for too many social programs for too long. Eventually, the bottom falls out, says the Christian Broadcasting Network. But if you don’t think the economic chaos in Greece can come to America, economists say think again. America is on a fiscal course economists warn is unsustainable — racking up debts we will not be able to repay. This nation, they warn, is already on the path to economic ruin...

//www.ncpa.org/sub/dpd/index.php?Article_ID=19342


Informant: Thomas L. Knapp



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