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GAO: “USA is living beyond its means”

A wake up call to all Americans from the US Government Accountability Office (GAO) – (formerly the “General Accounting Office”). GAO.gov (since its over 10 min, i had to remove a few scenes in start to upload it) Also do read this from Federal Reserve Bank of St. Louis Review, July 2006, 88(4), pp. 235-49: “Is the United States Bankrupt?” research.stlouisfed.org “This paper explores these views from both partial and general equilibrium perspectives. It concludes that countries can go broke …

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