More good news: the President and CEO of the Federal Reserve of Dallas in a speech last May puts the following into perspective:It will get worse before it gets worse.
- Every 15 months, the USA owes another trillion dollars against Gov expenses.
- Money Supply has increased 70% since October.
- Every American owes: $586K for FED debt.
- "Add together the unfunded liabilities from Medicare and Social Security, and it comes to $99.2 trillion over the infinite horizon" (Fisher).