Today's Federal Deficit Report Hints at Looming Financial Crisis in the U.S.

``The CBO -- Congress' official, nonpartisan agency for calculating the fiscal impact of legislation -- announced the annual shortfall would be $152 billion larger for FY 2016 than it was for FY 2015 ($439 billion)...The CBO also stated that it expects the deficit to rise again in FY 2017 to $594 billion. And over the next 10 years, the United States will run a cumulative deficit of $8.5 trillion.'' -- This is very indicative of now exiting what little "recovery" we had since the 2008 crash...