U.S. Debt Poses a Barrier to Economic Opportunity.
“…The most relevant result has been the massive rise in U.S. debt. From 2003 to 2013, the U.S. racked up more than $10 trillion in debt, bringing total debt from just under $7 trillion in 2003 to $17.4 trillion in 2013. U.S. debt amounts to $55,000 for every man, woman, and child living in the U.S., or $142,000 per household. Massive and growing deficits are projected to add to this burden, making it hard to imagine how the U.S. will ever be able to balance its books, much less pay down its debt…”
Leave a Reply