US National Debt: Is There A Solution

In the 90`s the national debt has started growing quickly. Doing nothing is not an option, not for them and not for coming generations. Much of debt is currently financed at low interest rates, so payments are very low compared with historical levels. There are couple of sollutions: raise interest rates dramatically, raise taxes dramatically, cut servises. This is what debt does. If we stay on the same course for about 20 years the debt will be twices large as it is today( it will reach 200% GDP). Young people in America who will have to pay these debts will be much different that has been left to their parents.


Leave a Reply

Your email address will not be published. Required fields are marked *