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Tipsheet

Unsettling but True Fact: USA Headed Down Greece's Economic Path

Meredith Jessup | February 15, 2010 7:47 PM
Facing complete economic meltdown, Greece currently has a debt level equal to 112% of country's Gross Domestic Product (GDP). 

According to the Congressional Budget Office
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(CBO), the U.S. will reach this level in just 15 years.

Furthermore, the CBO's estimated numbers past 2025 are downright horrifying: 205.8% by 2038, 509% by 2066, and 766.9% by 2083.

Will the U.S. take a lesson from the situation facing Greece right now and take action to actually address our mounting debt?
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