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Where Is Our Debt Coming From?

Posted By Conn Carroll On January 5, 2010 @ 11:49 am In Economics | Comments Disabled

Spending. As Heritage Foundation Senior Policy Analyst Brian Riedl explains, runaway federal spending is where our historic levels of debt are coming from. Watch:

And as Reidl mentions, as fast as spending has been rising this century, thanks to our long term Entitlement [1] obligations, our spending and deficit problems will only get worse:

Article printed from The Foundry: Conservative Policy News from The Heritage Foundation: http://blog.heritage.org

URL to article: http://blog.heritage.org/2010/01/05/where-is-our-debt-coming-from/

URLs in this post:

[1] Entitlement: http://www.heritage.org/LeadershipForAmerica/entitlements.cfm

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