Feb
24th
Wed
24th
In the absence of substantive measures to reduce the structural elements of the U.S. budget deficit, the U.S. debt burden will worsen. Investors are smart enough to recognize this, which means the time may not be far over the horizon when investors will focus more intensely on the U.S. situation and ask perhaps the most significant question of our age: If the U.S. is backing its financial system, who is backing the U.S.?
Tags:
US government debt
