Thursday, July 12, 2012

Marc Faber : Huge Fiscal Deficit in the USA overtime

Marc Faber : well basically we have a very large fiscal deficit and we have very large unfunded liabilities , The Democrats should cut the spending which is mainly on entitlement meaningfully and since the economy is very sluggish it will be very difficult to increase taxation so in my view essentially The fiscal deficit is going to become a huge problem overtime - in a Slovak Radio interview
Click here to watch the full interview>>>>


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