“Government debt and deficits have emerged as a chief concern among developed world economies, as a decline in tax receipts during the recession and an increase in spending on stimulus programs combined to require record levels of government borrowing. Crafting an “exit strategy” – cutting annual deficits without undermining economic growth by doing so too quickly – has become a main focus of policymakers in Europe and the United States.” Read more.
“Debt, financial crisis hurt U.S. competitiveness”
Howard Schneider
The Washington Post, September 9, 2010.
Image by Salvatore Vuono / FreeDigitalPhotos.net.
