Even if we are successful in implementing a comprehensive plan to grow the economy, it is not going to be enough to grow our way out of our debt problems.
The return of trillion dollar deficits in the next year or so should be a wake-up call given we are in an expanding economy, not a massive recession.
Maya MacGuineas makes predictions about the path our nation is headed and presents an argument on what should be done: “To get out of this mess, and we would ultimately have to do what politicians were trying to avoid—raise taxes and cut spending – but to a much greater degree than we ever would have…
With the debt at historic levels, this respected budget expert argues that what the country needs is a bold and balanced plan to curb spending and get the economy back on track.
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The Drivers of our Debt and the Empty Rhetoric of Politics Today
America’s fiscal situation is quickly deteriorating. But instead of fixing it, our nation’s leaders are engaging in fake justifications and finger-pointing.