Fiscal Therapy
Curing America's Debt Addiction and Investing in the Future
by:
William G. Gale
in:
Political Theory
Summary:
The book examines the United States' growing national debt and fiscal irresponsibility, proposing a range of policy solutions to stabilize and eventually reduce the debt-to-GDP ratio. It emphasizes the need for a balanced approach that includes tax reforms, spending adjustments, and strategic investments to ensure economic prosperity and intergenerational equity.
Key points:
1. Unsustainable Debt Growth: U.S. fiscal policies are on an unsustainable path, risking economic instability with rising debt that could lead to higher interest rates and lower growth.
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