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(Untitled) Oct 12th 2013, 23:37, by noreply@blogger.com (Cliff Küle) The Long Game Of Hiking  The U.S. Debt Ceiling Lance Roberts gives a sense of the gravity & unsustainability of U.S. debt growth .. At the current rate of debt increase the U.S. will pushing 130% of debt to real GDP by 2018 - this does not include the funding needs that will ultimately be required to support the increased costs of the entitlement programs of Social Security, Medicare & now the Affordable Care Act (ACA) .. "The reality is that debt needs will substantially increase as entitlement programs continue to consume ever larger chunks of the current budget. By 2020 the current welfare programs alone are expected to require 75% of all federal revenues and this does not include the impact of the ACA. This, of course, is unsustainable. Government spending has long been believed to have a multiplier effect in the economy. However, as the chart above shows, the reality is quite shocking. Each dollar in debt only increased GDP by roughly $0.15. In other words each $1 in government spending actually has a negative multiplier effect of 85% in the real economy." LINK HERE to the essay

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