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WOW! U.S. Debt Headed For 200% Of GDP Even After 'Fiscal Cliff' Deal

WOW!! U.S. Debt Headed For 200% Of GDP Even After 'Fiscal Cliff' Deal

By Vicki Needham
01/29/13 12:15 PM ET

The nation's long-term fiscal outlook hasn't significantly improved following the recent agreement between Congress and the White House over tax and spending issues, according to a new analysis.

The "fiscal cliff" deal, combined with the debt-limit agreement of August 2011, only slightly delays the United States reaching debt-to-gross domestic product levels that would damage the economy and risk another fiscal crisis, according to a report from the Peter G. Peterson Foundation released on Tuesday.

The agreement "may have prevented the immediate threats that the fiscal cliff posed to our fragile economic recovery, but we haven’t remotely fixed the nation’s debt problem," said Michael A. Peterson, president and COO of the Peterson Foundation.

Read more: http://thehill.com/blogs/on-the-money/economy/279857-report-...



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Hyperinflation is almost a certainty

I only say almost because I want to dream a little. But I know it is hopeless.

Anyway, get your gold and silver and things to barter with. It's going to be a bumpy ride.