What’s Behind United States Budget Problems?
by Gail Tverberg, Our Finite World, USA - We see endless fighting between the Democrats and Republicans about the budget, but no real explanation as to what the issues are. My view is that there is a structural imbalance between government revenues and expense that is likely to get much worse in the years ahead. This structural imbalance is related to too few people with jobs, growing limits on oil supply, and the inability of the economy to continue growing as rapidly as required to maintain our current financial system.

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