Choosing the Nation's Fiscal Future
A mismatch between the federal government''s revenues and spending, now and in the foreseeable future, requires heavy borrowing, leading to a large and increasing federal debt. That increasing debt raises a serious challenge to all of the goals that various people expect their government to pursue. It also raises questions about the nation''s future wealth and whether too much debt could lead to h...
A mismatch between the federal government''s revenues and spending, now and in the foreseeable future, requires heavy borrowing, leading to a large and increasing federal debt. That increasing debt raises a serious challenge to all of the goals that various people expect their government to pursue. It also raises questions about the nation''s future wealth and whether too much debt could lead to h...
