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Trillion-dollar deficits are sustainable for now, unfortunately

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  • John H. Makin

    (American Enterprise Institute)

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    Abstract

    The year-end fiscal cliff is the current hot economic topic, and many policymakers and pundits seem to think that forcing us over the cliff is the best way to force decisive action to reduce US debt. However, this tactic will not work in the United States because borrowing costs are so low.

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    File URL: http://www.aei.org/outlook/trillion-dollar-deficits-are-sustainable-for-now-unfortunately
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    Bibliographic Info

    Paper provided by American Enterprise Institute in its series Working Papers with number 36332.

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    Date of creation: Dec 2012
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    Handle: RePEc:aei:rpaper:36332

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    Keywords: federal debt; deficits; Economic outlook; fiscal cliff;

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