‘There is no silver lining in this trajectory’: Budget watchdog warns of financial, inflation, or currency crisis due to $39 trillion U.S. debt

‘There is no silver lining in this trajectory’: Budget watchdog warns of financial, inflation, or currency crisis due to $39 trillion U.S. debt

Maya MacGuineas, president of the Committee for a Responsible Federal Budget (CRFB), appeared before the House Budget Committee yesterday.

As U.S. national debt trips over the $39 trillion mark, calls for targets on government borrowing are increasing, as budget watchdogs warn the nations fiscal trajectory is increasingly unstable. Maya… [+3865 chars]

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‘There is no silver lining in this trajectory’: Budget watchdog warns of financial, inflation, or currency crisis due to $39 trillion U.S. debt - FHMnews