Niall Ferguson on our Insane Budget's Greek Profile

Niall Ferguson, never the most cheerful of analysts is positively funereal about our nation's prospects under current leadership. Money graf:

Even according to the White House’s new budget projections, the gross federal debt in public hands will exceed 100 per cent of GDP in just two years’ time. This year, like last year, the federal deficit will be around 10 per cent of GDP. The long-run projections of the Congressional Budget Office suggest that the US will never again run a balanced budget. That’s right, never.