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Legal Commentary

: Res ipsa loquitur

Super Debt Cycle: U.S. Debt Set to Surpass Gross Domestic Product

By jonathanturley

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Economists continue to line up warning of an economic meltdown as the U.S. moves toward 2012 when our debt will exceed our gross domestic product. The White House and Congress, however, continue to spend wildly on Iraq, Afghanistan, and other programs. As we previously noted, our debt has now surpassed $13 trillion. Foreign economists are [...]

Full post as published by Res ipsa loquitur on June 07, 2010 (boomark / email).

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