Debt 101: How Do We Fix the Debt?
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Publication Date:
May 23, 2018
On September 8, 2017, the US debt surpassed $20 trillion for the first time. In Part 1 of the “Debt 101” series, “What is the ‘National Debt’ and Why Does It Matter?” the Committee for Economic Development (CED) explained what the debt is and outlined why such a large debt is detrimental. Today’s young Americans will soon control the strongest, most influential economy in the world. They will also inherit an enormous debt that, if not properly addressed, could lead to an unprecedented global crisis.
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