The American Reality Check thread is already too long. This seems like a good point for a clean break:
It's not some surprising, groundbreaking news to folks around here, but it is a bit surprising to see this broadcast in the MSM. Are folks really surprised that gold is rising given the circumstances?
The United States is almost certainly on an unsustainable path with regard to the astronomic rise in its national debt, according to a million simulations run by Bloomberg.
Bloomberg reported Tuesday that it conducted a million simulations on the U.S. debt outlook and found 88% of them show borrowing is on an "unsustainable path."
The findings come after a forecast by the Congressional Budget Office that indicates the national debt will grow to an astonishing $54 trillion in the next decade, the result of an aging population and rising federal health care costs. Higher interest rates are also compounding the pain of higher debt.
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A million simulations show US debt is on an 'unsustainable' path
The U.S. is on an "unsustainable" course with regard to its debt-to-GDP ratio, which is expected to hit 123% in 2024, according to a million simulations.
www.foxbusiness.com
It's not some surprising, groundbreaking news to folks around here, but it is a bit surprising to see this broadcast in the MSM. Are folks really surprised that gold is rising given the circumstances?