America’s Foreign-Owned National Debt — Bruce Bartlett
Virtually every budget expert knows that the U.S. federal debt is on an unsustainable course. This means that something beyond our control is eventually going to force us to live within our means. Historically, it has been foreign bond holders who ultimately imposed fiscal austerity on profligate nations. That is why America’s growing foreign debt should be a matter of concern to policymakers.
Related Posts:
- Club for Growth – Key Vote Alert – “NO” on the Budget Control Act of 2011
- The Spending, Deficit, and Debt Control Act Would Help Congress Rein in Spending and Deficits — Brian M. Riedl, The Heritage Foundation
- Financial Post: Day of reckoning looms for the U.S. dollar, may lose AAA rating due in part to increasing national debt
- George Will – The United States of Fiscal Folly
- Sen. Jerry Moran: KS Common Sense – We Need a Balanced Budget Amendment
