MAY 5, 2017
ORIGINAL SOURCE: GAO: Biggest Fiscal Threat to U.S. Is Interest on Treasury Debt – Not Social Welfare Programs by Pam Martens and Russ Martens of wallstreetonparade.com on 5/5/2017
Most Americans have been told by mainstream media news that Social Welfare Programs, i.e.. Social Security, Medicare, Medicaid and so on are the main causes for biggest future fiscal debt problems were found not to be true by the Government Accountability Office (GAO) study.
"The GAO cited a simulation that showed net interest payments on U.S. debt increasing “from $248 billion in fiscal year 2016 to $1.4 trillion in fiscal year 2045 in 2016 dollars.” It will most likely be higher than that.
Please read the rest here; GAO: Biggest Fiscal Threat to U.S. Is Interest on Treasury Debt – Not Social Welfare Programs