The United States deficit is starting to approach a trillion dollars, maybe getting as high as 1.4 trillion in coming years, this along with a 20 trillion dollar debt, means big trouble for America’s vulnerable, meaning our young and old.
The Democrats warn that the mounting sovereign debt is a “ticking time bomb,” in the words of former Treasury Secretary Jack Lew.
“The next shoe to drop is going to be an attack on the most vulnerable in our society,” Lew said last month. Continue reading “Deficit to Approach a Trillion – Vulnerable to Get Hit the Worst”