Deficits Fundamentally Alter the US's Standing in the World

by Benjamin Domenech on 9:23 am February 2, 2010

“By President Obama’s own optimistic projections, American deficits will not return to what are widely considered sustainable levels over the next decade. In fact, in 2019 and 2020, years after Mr. Obama has left the political scene, even if he serves two terms, they start rising again sharply, to more than 5 percent of GDP.”

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