Tag Archives: unfunded liabilities

U.S. Debt Should Double Within 7 Years – Gold Could Soar

The editor of Gold Newsletter, President and CEO of Jefferson Financial, Brien Lundin, said at the New Orleans Investment Conference in 2017 that historically, over the period of an eight-year term by a President, the Federal debt doubles. If that’s how it ends up this time around, it suggests the existing $20 trillion U.S. debt load will jump to $40 trillion in approximately seven years. The reality is raising taxes and cutting government spending has no chance of dealing with growing unfunded liabilities, even if there were […]

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