The US national debt held by the public has just passed the milestone of 100% of GDP, with total debt exceeding $39 trillion. The Federal government is running a deficit of nearly 6% of GDP. Our unsustainable national debt poses significant risks as the debt crowds out private investment and puts pressure on interest rates, the US credit rating, and the status of the dollar as a global reserve currency.
Nevertheless, it can be challenging for citizens to see and to understand the impact of these astronomical figures and their high-level economic consequences in their everyday lives—until it is too late. Despite the dangers, the debt has not been an important issue for voters in recent elections. In the face of this threat, the business community must work to make the negative effects of the debt tangible and real, to show the urgency of the issue, and to promote a clear, honest national debate—and action by policymakers. Join us for an engaging conversation that will illustrate how the rising national debt affects Americans in different ways.
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Policy Watch explores relevant topics where business meets US domestic policy. Join experts at the Committee for Economic Development of The Conference Board and prominent policy makers as they dissect the impact of timely decisions from the nation's capital.
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