John Mauldin: Here's Why Our Massive Debt Mountain Will Kill Us In The End



John Mauldin, President, Millennium Wave Advisors, LLC (4 min)

  • We’re borrowing ourselves to death
  • But government spending doesn’t fix anything–investments must be made in the private sector in order to create jobs
  • The U.S. will not reach a $2 trillion deficit–because government will raise taxes and cut spending before that happens.  These moves will kill the economy.
  • Another financial crisis will occur if there is no credible plan to get back to manageable debts

Produced By: Kamelia Angelova & William Wei

More John Mauldin: 
– The 2011 Tax Hikes Will Kill The Economy

– We’re Still Heading For A Double-Dip Recession

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