CNN delves into the American debt crisis and paints a grim picture of the American economy. The article starts with the ominous words that the American "government is utterly broke" and goes on to mention the various budget cuts in government programs that range from Social Security and health care and manned missions to Mars. The article further mentions that America's debt woes are worse than those of Greece.
See Laurence Kotlikoff, "America's Debt Woe is Worse Than Greece's," CNN.com (September 20, 2011).
Posted by Marc Tan, Associate Editor, Wealth Strategies Journal.
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