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
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