Tuesday, June 25, 2013

Soaring Debt Remains a Grave Threat

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June 25, 2013
News and Analysis on Your Money in Washington
Soaring Debt is a Grave Threat

As federal debt has soared, so have concerns about America’s future. Federal government debt has nearly doubled since President Barack Obama took office... and is projected to increase 50 percent over the next decade—then rise rapidly thereafter—under existing policies.

Tax Increases Are Harmful; Europe Pursues Them Anyway
Economic research shows that deficit reduction should be pursued through spending cuts, not tax increases. The 1990s is a great example: much stronger growth followed spending cuts, while weaker growth followed tax increases.


Debt Borrowed in Credit Markets is
At a 50-Year High

For much of the post war period the ratio of U.S. government debt to the size of the economy averaged about 36 percent. Under President Obama, the debt ratio has shot up to exceed 75 percent in 2013.

 

17 Reasons the $17 Trillion Debt is Still a Big Deal
Every American will be on the hook for our massive debt
See and Share the List

VIDEO: CBO Reports Shows Us Worse Off After Amnesty
Experts from Heritage and the Senate on the cost of amnesty
Watch the Video Now

The Simple Economics of Pro-Growth Tax Reform
In contrast to the current tax code, a pro-growth tax policy would be simple, flat and fair.
Explore the Full Report

Want more analysis on taxes, spending and debt? Visit Entitlements home page >> 


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