Thursday, January 26, 2017

Ecomatters: $20 Trillion in Government Debt Means No Lifeline for Caterpillar's Declining Revenue

Ecomatters: $20 Trillion in Government Debt Means No Lifeline for Caterpillar's Declining Revenue - zerohedge.com

Excerpt from this article:

"We basically have gone from 8 Trillion to 20 Trillion in Government Debt since 2008, and it is the rate of change of this debt spending that is the real elephant in the room, and we are just coming up on the entitlement`s impact curve on our government debt obligations. I feel for Trump because he has inherited a boxed in economic situation here, he actually wants to stimulate the economy through growth projects; but the previous wars, financial crisis, bailouts, and unwise and inefficient spending programs have made borrowing anymore money at these levels impossible, and Congress knows this fact"
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Recommended reading:

America's $20 Trillion Dollar Party!

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