When adding in all of the money owed to cover future liabilities in entitlement programs the US is actually in worse financial shape than Greece and other debt-laden European countries, Pimco’s Bill Gross told CNBC Monday.
Economists, at least the sane ones (therefore Paul Krugman excluded) agree that if anything, we are in worse shape than Greece. So look at Greece if you want to see our future. May even be the whole plan all along.
via U.S. in Worse Shape than Greece! | United States National Blog.