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unsustainable track

Lonecowboy

Well-known member
After three decades of public service, retiring Senator Judd Gregg R-Nh., isn't pulling any punches when it comes to his assessment of the economy, which he classifies as headed for an "inevitable fiscal meltdown." Gregg, the Ranking Member on both the Senate Budget and Banking Committees, has long been recognized as an expert on fiscal matters and spoke to Fox News on Sunday as he prepares to leave office.

Chief among Gregg's concerns is the massive deficit under which the U.S. is currently operating. Gregg says the economy is on an "unsustainable track" that, if continued at its current pace, "will double the federal debt in five years, and triple it in 10 years."

:( QE anyone??
 
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