How Will The Government Fund Trillion Dollar Deficits?

Even though on the face of it the US economy may appear to be in rude health, there is one major problem lurking below the surface. The ballooning US budget deficit, may not be at the top of policymakers’  agendas today but as it continues to grow, sooner or later, Washington will have to deal with the issue.

A recent report from a Washington think tank estimates that the US budget deficit could hit a staggering $1 trillion by 2019, the first time since 2012 the US economy will have to support a deficit so massive. If current policies continue, the think tank believes that the deficit could hit a mammoth $2 trillion by 2027. These numbers include the...