Most economists agree there is no other choice. Every year that the U.S. spends more than it has, it adds to the overall debt, which keeps growing larger. After bailing out the banks and car companies, fighting two wars and now adding the new stimulus program, the U.S. is building a deficit that will dwarf all the previous years. Economists say as soon as the economy recovers, we will have to pay down our debt, which may mean cutting programs like Social Security and Medicare.
Do you have more information about this topic? If so, please click here to contact the editors of ABC News.
Quotes delayed 15 minutes for NASDAQ. 20 minutes for NYSE and AMEX. Market Data provided by Interactive Data. Terms & Conditions.
Powered and implemented by Interactive Data Managed Solutions
