America's public debt crossed 100% of GDP last week—and that's bad news for everyone
· livemint.com
The world’s top economy is not exempt from the basic rules of fiscal prudence. The explosive growth of US government debt held by the public spells bad news not only for Americans, but also for the rest of us. Here's why.
The non-partisan US Government Accountability Office (GAO), often called America’s Congressional watchdog, has warned that “today’s deficits—if not addr...