the U.S. government debt will double in the next five to 10 years.

Marc Faber : It took the U.S. 200 years to get to a federal debt of $1 trillion in 1980, another six years to get to $2 trillion, and now it’s north of $15 trillion.

adding in the unfunded liabilities of Medicare et al. would mean extending the chart up to “the fifth floor of this building”.

. The gap between federal spending (more than 70% of it mandatory) and taxation means the U.S. government’s debt will double in the next five to 10 years. - at World Commodities Week in London