highwayman
New Member
Nothing like the sky is falling theory for a good chuckle...
http://www.telegraph.co.uk/money/ma...nuId=242&sSheet=/money/2006/07/14/ixcity.html
http://www.telegraph.co.uk/money/ma...nuId=242&sSheet=/money/2006/07/14/ixcity.html
The United States is heading for bankruptcy, according to an extraordinary paper published by one of the key members of the country's central bank.
A ballooning budget deficit and a pensions and welfare timebomb could send the economic superpower into insolvency, according to research by Professor Laurence Kotlikoff for the Federal Reserve Bank of St Louis, a leading constituent of the US Federal Reserve.