I saw this one coming!
"Under existing tax rates and reasonable assumptions about other spending...Projections make clear that the federal budget is on an unsustainable path, in which large deficits result in rising interest rates and ever-growing interest payments that augment deficits in future years," Greenspan told the Senate Budget Committee. Greenspan continues to recognize these deficits and enormous about of government spenders might lead to stagnation or worse! The government in my opinion needs to get a grip on this before it gets worse. But I must say that I saw this one coming. An increase in national defense and other government programs have increase the government deficit to unbelievable high levels. There must be an economic policy put in place to control this tremendous problem. What would you suggest the government should do to get this economic plague under control?
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