8 C
New York
Saturday, March 2, 2024

We will be performing server maintenance today beginning at 3 PM EST and lasting until 8 PM EST

Thank you for your patience!

What it would cost to stabilize the soaring national debt

What it would cost to stabilize the soaring national debt

By Neil Irwin, author of Axios Macro

It would take spending cuts or tax increases equivalent to $2,400 per American per year to stabilize the national debt, according to a new book that shows the U.S. government’s fiscal situation is more precarious than lawmakers of either party acknowledge.

Why it matters: The numbers amount to an alarm bell about America’s fiscal vulnerability at a time when there is bipartisan resistance to steps that might change the course in a major way.

More >

 

This post was originally published on this site

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,567FansLike
396,312FollowersFollow
2,280SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x