Brief Don't Let Them Fool You, We Still Have Debt Problems
William G. Gale
Display Date
File
File
Download Report
(89 KB)

Your uncle, Sam, has ignored his chronic health condition let's say he's diabetic for a long time. Then he suddenly has a heart attack, followed by a long, slow painful recovery. As he is recovering, he is feeling good about his health after all, he got though a crisis. But he is not actually healthier than he was before. He's still diabetic, and now he has to deal with the cautions of being a heart attack victim as well. I think of a situation like that whenever I hear or read people saying that our debt problems are behind us.
Research Areas Taxes and budgets
Tags Federal budget and economy
Policy Centers Urban-Brookings Tax Policy Center