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Monday, June 12, 2006

Standard and Poor's: boomer spending turning US into Third World country

"If the United States doesn't start exercising fiscal restraint and address the looming problem of paying for Medicare and Social Security, its sterling credit rating could fall to levels associated with Third World nations. That's the sobering warning raised by Standard & Poor's, a firm that rates corporations and countries on the ability to pay their bills."

"US Headed Towards Poorhouse"
Atlanta Journal-Constitution

Comments on "Standard and Poor's: boomer spending turning US into Third World country"


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