Ben's Bailout Blog
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| Blog Name: | Ben's Bailout Blog |
| Url: | http://www.bensbailoutblog.blogspot.com |
| Language: | English |
| Topics: | bailout, wall street, economy |
| Description: | |
| Popularity: | 1 Followers |
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How Much Debt Is Too Much Debt?
| Just about everyone in Washington seems to agree that the U.S. deficit is large and unsustainable over the long term. But there are few signs that Congress has the discipline to reduce the deficit anytime soon. Certainly, the Obama administration and many Congressman talk about deficit reduction. It remains unclear how they aim to achieve it. It will be especially difficult to cut the deficit if the economy does not recover as Washington is hoping; another downturn could make it tricky for politicians to cut popular - and expensive - stimulus programs. Keep your eye on how Congress handles the upcoming expiration of the $8,000 first-time homebuyer credit for early indications about how |
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