It lists "rising costs for interest payments, veterans' health care, retiree benefits and the military" as the major causes.
It is estimated that there will be more than a trillion-dollar gap "between what the government spends and what it takes in from tax revenues."
Within the next 10 years, "deficits will average $2 trillion annually as tax receipts fail to keep pace with the rising costs of Social Security and Medicare benefits for retiring boomers."
These factors and more are why Dr. Nomi Prins is cautioning investors about the next economic crisis...
Post a Comment
Post a Comment