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THE FISCAL FACTS: Public and Private Debts and the Future of the American Economy

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Author Info
James K. Galbraith
Abstract

Today's federal budget deficits are a preoccupation of many American citizens and more than a few political leaders. Is the American government going bankrupt? Does our fiscal condition warrant radical surgery, as some now prescribe? Or, are we in such deep trouble that there is no plausible route of escape?

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Paper provided by Levy Economics Institute, The in its series Economics Policy Note Archive with number 06-2.

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Date of creation: Feb 2006
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Handle: RePEc:lev:levypn:06-2

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