"I think people are looking at the CBO (Congressional Budget Office) numbers. If people take the time to look at that you can see debt levels moving higher, you can see the interest burden in the U.S. government moving decidedly higher over the next decade," James McCormack, Fitch's global head of sovereign ratings told CNBC's "Squawk Box Europe" on Wednesday.
Interest burden is already over limit The guy is being polite as Treasury will sue him. The boomers are in full stampede, the leave millennials with jobs, starting at the bottom, and facing deteriorating paychecks as federal interest charges match paychecks, one way or the other.
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