The CBO's Ticking Bankruptcy Bomb
This column by ACRU General Counsel and Senior Fellow for the Carleson Center for Public Policy (CCPP) Peter Ferrara was published June 30, 2011 on Forbes.com.
Last week, the Congressional Budget Office (CBO) issued their Long Term Budget Outlook for 2011. The report closely validates my own analysis in my new book America’s Ticking Bankruptcy Bomb, released this month by HarperCollins.
CBO reports that the national debt is already the highest in history except for World War II, reaching roughly 70% of GDP this year. On our current course, CBO projects the national debt held by the public will […]

