The Phaserl


Why Government Inaction on National Debt Could Spell Disaster for U.S. Investments

by George Leong, Investment Contrarians:

A new report released on Tuesday by the Congressional Budget Office (CBO) reveals some damning evidence that the country is headed for trouble. (Source: “The 2013 Long-Term Budget Outlook,” Congressional Budget Office web site, September 17, 2013.) But then again, that’s not really a surprise, is it?

Of course, I have been complaining about the issues of the national debt and spending for quite a while ever since President Obama’s administration allowed the national debt limit to be surpassed; so far, there’s still no word on what to do with it.

I’m somewhat perplexed as to why the national debt limit hasn’t been dealt with. But hey, I’m sure it’s on the “to-do list,” and I really think the people looking at the national debt are stuck.

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