Sunday, October 20, 2013

How America will keep the entitlements

How America will keep the entitlements

An increase in entitlements has closely corresponded to a decline in the country's savings.

The decline in savings has been offset by borrowing from abroad, which brings us to our current foreign debt: "$5 trillion and counting".

Foreigners will keep lending to America because America will keep military investment in science and technology.

No comments: