"Nobody knows when you bump up against the limit, but you know when it happens it will really hurt," said fiscal watchdog Maya MacGuineas of the Committee for a Responsible Federal Budget.
Right and wrong in one sentence...
It's not a "limit" we are approaching, something you reach and then continue to push against, but a brick wall that when you reach it, well, you know what happens... wreckage everywhere.
Truly ungood news:
In the wake of the financial crisis and recession, Moody's Investors Service has brought new transparency to its sovereign ratings analysis — so much so that 2018 lights up as the year the U.S. could be in line for a downgrade if Congressional Budget Office projections hold.
The But under more adverse scenarios than the CBO considered, including higher interest rates, Moody's projects that debt service could hit 22.4% of revenue by 2013.
So now you have some real dates to get your head around, a time when you need to be prepared and ready for some dark days and terrifying nights.
Be an ant, not a grasshopper. This is no time for reckless abandon.