There are very few tools in the toolbox to deal with this sort of fiscal catastrophe.
As Zero Hedge notes, "As the past 8 years have shown, only debt cures more debt, so expect nothing to change."
Zero Hedge also provides evidence the CBO is yet another agency with a leftist political agenda, as the ponder:
Also, we find it just a little confusing why the CBO never warned of an imminent "fiscal crisis" over the past 8 years when total US debt doubled, increasing by $10 trillion under the previous administration.
CBO Warns Of Fiscal Catastrophe As A Result Of Exponential Debt Growth In The U.S
There may be one tool in the toolbox other than increasing the debt!
Maybe the bartender can bring us a screwdriver?
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