Two More Reasons Why the Federal Debt Matters
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DescriptionThe national debt is again in the news, having passed 21 trillion dollars and 100% of gross domestic product. Rather than growth generating additional tax revenues that would pay for the tax cuts of 2017, as predicted by nonpartisan economists, the US budget deficit rose 17% over fiscal year 2017. The goal of this issue of this brief is to help readers understand the US federal debt and why it matters.
Robertson, Raymond (2019). Two More Reasons Why the Federal Debt Matters. Mosbacher Institute for Trade, Economics & Public Policy. Available electronically from