Stopping America’s Federal Debt Explosion
The US Congressional Budget Office has just delivered the bad news that America's national debt is now rising faster than GDP and heading toward ratios that usually associated with Italy or Spain. Indeed, the fiscal deficit is now the most serious long-term economic problem facing US policymakers.
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CAMBRIDGE – The US Congressional Budget Office (CBO) has just delivered the bad news that the national debt is now rising faster than GDP and heading toward ratios that we usually associate with Italy or Spain. That confirms my view that the fiscal deficit is the most serious long-term economic problem facing US policymakers.