From this week's Barrons

The CBO (non-political Congressional Budget Office) reported on the future financial status of our country. One projection is by the year 2038 our country will in worse shape than Greece is currently. Our debt will be 190% of annual economic output. That is not the tax collected, it is the entire output of the country. Greece has rioting in the streets with unemployment well over 20%. Our leaders can see this coming but refuse to cut where necessary to control this crisis. 25 years seems like a long time and I won't be here to worry about it but think of our kids and grandkids. This will not all come to a head in 2038 without prior deterioration of standard of living and economic stability. Right now the rating agencies are discussing another possible downgrade of U.S. debt. There has never been a downgrade of our debt in history until a couple years ago and now it may happen again. Each downgrade in theory will cost our government more to borrow. This is unsustainable and we all know it.
Ken