fromFortune
4 months agoMitt Romney says the U.S. is on a cliff-and taxing the rich is now necessary 'given the magnitude of our national debt' | Fortune
Romney said the U.S. is headed for an economic cliff as the Social Security Trust Fund races toward insolvency in 2034, according to a projection from the CRFB. Without congressional intervention, benefits would be slashed by roughly 23%, forcing the government to borrow trillions at potentially exorbitant interest rates or print money that could trigger hyperinflation.
US politics