Feldstein, Martin - In: Tax Policy and the Economy 25 (2011) 1, pp. 109-109
The projected path of the U.S. national debt is the major challenge facing American economic policy. Without changes in … tax and spending rules, the national debt will rise from 62% of GDP now to more than 100% of GDP by the end of the decade … the national debt in 2020. The second strategy, which would augment the tax-financed benefits for Social Security …