Friday, August 24, 2012

Marc Faber : The Real US Fiscal Deficit is Over 4 Trillion a Year

Marc Faber : 'True' US Fiscal Deficit Is Over $4T Annually "...The way I feel it's going to play out is basically it doesn't matter whether if the republicans win the election or Mr. Obama. the fiscal deficit will stay around $1.3 trillion for a long time , and in my view it will go up. Either way, the fiscal deficit as published by the media, not have a true fiscal deficit, because the true fiscal deficit one would have to include the accumulated unfunded liabilities, and if you report that the fiscal deficit already today it would be in the order of over $4 trillion annually.


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