The US Government's Fiscal Situation Is Bad, but It's Better Than Many Other Countries

In order to deal with its fiscal problems or any government, they have the option to raise taxes or government fees. "The math is undeniable. It's inescapable and the math is devastatingly bad," he says. The U.S. economic situation is better than virtually anywhere else in the world,. But that doesn't mean it won't go into the tank if things don't change soon.