Can We Grow Our Way Out of Debt?

By Ray Pinard | November 12, 2013

Here’s an interesting article by Veronique de Rugy and Jason J. Fichtner from the Mercatus Center at George Mason University

The United States has both a debt and deficit problem, driven by years of overspending and unfunded promises made by politicians of both parties to pay for health care and retirement benefits to current and future seniors. The solution to the problem is relatively straightforward (although far from simple) and involves cutting spending; in particular, reforming programs like Social Security, Medicare, Medicaid, and the Affordable Care Act.

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