U.S. Government May Lose its Triple-A Bond Rating

Though not outside the realm of possibility this seems inordinately gloomy: analyst Martin Hennecke warns that the U.S. government may lose its AAA bond rating unless it starts reining in spending.

Nonetheless, the point is well taken that the U.S. government is drowning in debt. It’s going to get worse in coming decades as tens of trillions of dollars in unfunded liabilities from entitlement programs (one of which was created by our current fake-conservative president) begin sucking taxpayers dry.