Thursday, August 18, 2011

What's next in debt crisis? Economist says U.S. woes 'much worse than Greece'

Former economist for Comerica Bank David Littmann said the country is on pace to have around $100 trillion in unfunded liability to entitlement programs such as Medicare, Social Security and Medicaid, as well as student loans and health care reform costs, by 2080. He said that debt will grow at a much faster rate than the country's tax base.

Article was originally published in Livingston Daily on 8/11/2011.

No comments:

Post a Comment