GAO Says Demographics Will Lead US to Bankruptcy

An excerpt from 60 Minutes that covers an interview with the head of the GAO who talks about Government spending…  In my view, the country faces many of the same cost and revenue imbalances that eventually bankrupted companies such as Bethlehem Steel.

[youtube]http://www.youtube.com/watch?v=OS2fI2p9iVs[/youtube]

7 min 56 sec

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