Washington Post: "A debt crisis is on the horizon." "For years, economists have warned of major increases in future public debt burdens. That future is on our doorstep. From this point forward, even if economic growth continues uninterrupted, current tax and spending patterns imply that annual deficits will steadily increase, approaching the $1 trillion mark in two years and steadily rising thereafter as far as the eye can see."
Sounds like a problem for the next generation. Now gimme my check!
Related: OC Register: "How pensions are clobbering small California cities like Santa Cruz."
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