Volcker OP-ED on Ignoring the Debt Problem

Posted by Patrick Ceresna on Oct 24, 2016 7:58:56 AM

Insults, invective and pandering have been poor substitutes for serious debate about the direction in which this country is going — or should be going. And a sound and sustainable fiscal structure is a key ingredient of any viable economic policy.

Yes, this country can handle the nearly $600 billion federal deficit estimated for 2016. But the deficit has grown sharply this year, and will keep the national debt at about 75 percent of the gross domestic product, a ratio not seen since 1950, after the budget ballooned during World War II.

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Topics: Global Debt, us debt

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