Tuesday, July 12, 2016

How We Can Avert The Coming Debt Crisis

Failure to address the growing debt will result in a fiscal and economic crisis. When the crisis hits, it will come quickly and will be severe.

Government debt has grown by $13.6 trillion over the past two presidential administrations—from 54 percent of the economy when President George W. Bush took office to 102 percent today in President Barack Obama’s final months. The Congressional Budget Office estimates that debt will grow by another $9.8 trillion over the next decade, but only if policymakers…

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