Reply #1: Heres a quick tip when figuring out if an article is full of [View All]

"deficit hawk" propoganda- if they compare the u.s. to greece saying we are worse, but never once mention japan- then you know its FOS (full of shit). Why? well japan has a debt to GDP ratio of 200%, a declining and rapidly aging population. The u.s. on the other hand has a debt of 80% GDP and has a growing but slowly aging population. So who do you think is in worse fiscal shape?

they also use such statements as "when the bond market wakes up", because unless its doing what they want it to do, its being manipulated.

also i will say the CBO estimate is based on a projection of the baby boomers doing an en mass retirement when they reach age 65-67...which is probably not goin to happen. Many baby boomers see themselves working into the early 70's