http://www.ourfiscalfuture.org/the-consequences-of-inaction/ Wed, 18 Aug 2010 12:12:35 +0000 http://wordpress.org/?v=2.9 hourly 1 http://www.ourfiscalfuture.org/the-consequences-of-inaction/comment-page-1/#comment-13 U.S. Debt Level Unsustainable, Report Says | The Constitutionalist Today Mon, 25 Jan 2010 17:28:32 +0000 http://localhost/FiscalFuture/?p=32#comment-13 [...] John Palmer, co-chairman of the Committee on the Fiscal Future of the United States, draws an analogy to “when a family takes out a mortgage it can easily afford [in order] to purchase a home. However, spending more to pay [increasing] interest on [existing] debt means that less is available for other needs, and [continuing to borrow] when there will not be sufficient income in the future to repay [the] debt is a serious problem.” [...] [...] John Palmer, co-chairman of the Committee on the Fiscal Future of the United States, draws an analogy to “when a family takes out a mortgage it can easily afford [in order] to purchase a home. However, spending more to pay [increasing] interest on [existing] debt means that less is available for other needs, and [continuing to borrow] when there will not be sufficient income in the future to repay [the] debt is a serious problem.” [...]

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