"America's Impending Debt Disaster"
JamesHarrigan (Strata Policy) and Antony Davies (Duquesne)
By the time the next president settles into the Oval Office, the federal debt will be just shy of $20 trillion. Even adjusted for inflation, no government in history has ever owed so much. This debt won't just go away, and if we don’t deal with it now, we will have absolutely no control over the outcome when it comes, which should terrify everyone. As it now stands, the government can have neither meaningful monetary policy, no fiscal policy. That’s bad. But things are likely to get much worse. Come and find out why.
By the time the next president settles into the Oval Office, the federal debt will be just shy of $20 trillion. Even adjusted for inflation, no government in history has ever owed so much. This debt won't just go away, and if we don’t deal with it now, we will have absolutely no control over the outcome when it comes, which should terrify everyone. As it now stands, the government can have neither meaningful monetary policy, no fiscal policy. That’s bad. But things are likely to get much worse. Come and find out why.
Antony Davies is an associate professor of economics at Duquesne University. His research interests include econometrics, public policy, and consumer behavior. Davies has authored over 150 op-eds for, among others, the Wall Street Journal, Los Angeles Times, Forbes, Investors Business Daily, andNew York Daily News. He is a frequent lecturer at policy conferences on Capitol Hill, and his YouTube videos on economics and statistics have garnered over 3 million views. In addition to teaching at the undergraduate and Ph.D. levels, Dr. Davies was Chief Financial Officer at Parabon Computation, Chief Analytics Officer at Repliqa (now indiePub Games), President and co-founder of Paragon Software, and Associate Producer of FI$H: How an Economy Grows, at the Moving Pictures Institute.
