The US is heading straight for a fiscal calamity in the next decade. Even if you believe the CBO’s Rosy Scenario projections — which assume that we will go 207 months thru 2026 without a recession or double the longest expansion on record and nearly four times the normal cycle length — we will still end up with $28 trillion of national debt and a $1.3 trillion annual deficit (5 percent of GDP) by 2026. But that’s the optimistic case! As I demonstrated recently, if you get real about all the...












