Looming 'debt hangover' will crush the economy
Finance professor Jason Reed wrote a commentary piece for CNBC regarding the Congressional Budget Office's recent economic outlook report. Read the full op-ed here. …
- Published
Finance professor Jason Reed wrote a commentary piece for CNBC regarding the Congressional Budget Office's recent economic outlook report. Read the full op-ed here.
It may not be today, or tomorrow, but at some point in the near future, the U.S. will have a debt hangover. We will wake up and feel the effects of continued government spending, the persistent lowering of tax revenue, ballooning mandatory social welfare payments, and ever-increasing interest payments. It is not going to feel good.
How did we get here?
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