Sovereign debt is going to become quite a big issue.. Greece Spain Portugal all struggling
and as a % of GDP the UK is on a par with Greece.... the baby boomers born in 1945
reach the age of 65 in 2010.... 2011?
US Budget Deficit to Balloon to Record $1.6 Trillion in 2010 01/02/2010
The White House will predict a $1.6 trillion U.S. budget deficit in the 2010 fiscal year, a fresh record and the biggest since World War Two as a share of the economy, a congressional source told Reuters on Sunday.
The grim forecast adds to the challenges facing President Barack Obama, who is emphasizing a message of fiscal discipline but is also seeking stimulus measures to boost the struggling economy in the near term...
