Economic Watch
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Economic Watch

Is The US Debt Sustainable?

The US public debt is exploding. Is the country on a path for financial ruin?

In the US, it has become the norm for the federal government to spend more than it takes in in the form of taxes. This excess is called the “fiscal deficit”. Collectively, the deficits form the US debt. The US Debt Clock indicates the current debt is sitting right around $26 trillion — and growing quickly as the US injects fiscal stimulus…

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