Peter G. Peterson Foundation Founder Writes About Ignoring the Debt Problem
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...