An Empire at Risk
December 8th, 2009 - 1:27pm
Filed under Economy
The decline of an empire begins with debt explosion and ends with a reduction of national defense resources (Newsweek)."If the U.S. can't restore the federal budget in 5 to 10 years, a debt crisis may result in a major weakening of American power and a shift in the global economy. "Call it the fatal arithmetic of imperial decline. Without radical fiscal reform, it could apply to America next".
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