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Doug Casey On the Imminent Bankruptcy of the U.S. Government
by Doug Casey International Man
International Man: Everyone knows that the US government has been bankrupt for many years. But we thought it might be instructive to see its current cash-flow situation.
The US government’s budget is the biggest in the history of the world and is growing at an uncontrollable rate.
Below is a chart of the budget for the most recent fiscal year, which had a deficit of nearly $1.7 trillion.