Debt Ceilings, Bombs, Cliffs and the Trillion Dollar Coin
From Econintersect Combined RSS Feed
January 28, 2013 - 3:50am
by Jeffrey Frankel, Jeff Frankel's Weblog
Needless to say, the US has a long-term debt problem. The problem is long-term both in the sense that it pertains to the next several decades rather than to this year. (Indeed, the deficit/GDP ratio has been falling since 2009, despite the weakness of the economy.) The problem is also long-term in the sense that we have known about it for a long time; it was clear in 1991 and should still have been clear in 2001. Read more »
January 28, 2013 - 3:50am
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