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John Mauldin: The U.S. Must Cut $10 Trillion In 10 Years, Or Taxes Will Skyrocket

Thursday, August 4, 2011 - 11:11 AM
For the U.S. to make any progress on the deficit, Mauldin says Congress must cut $10 trillion over the next decade. Make no mistake, cutting that much will cause pain, but the alternative to continue to kick the can down the road will only create more pain. "We don't want to become Greece," he warns. If we fail to address the problems now, we'll have to "raise taxes to levels nobody can comprehend," he argues.
MikeMike327 posts since
Feb 22, 2010
Rep Points: 876