For decades, budgetary experts have warned that the U.S. federal government is backing itself—and the country—into a corner with expenditures that consistently exceed revenues, driving the national debt ever higher. The latest red flag is raised by the University of Pennsylvania's Penn Wharton Budget Model (PWBM), which says that the federal government has no more than 20 years to mend its ways, after which time it will be too late to remedy the situation.
