US Still Heading Toward Debt Crisis

Moving toward debt levels at 200 percent of GDP

The nation's long-term fiscal outlook hasn't significantly improved following the recent agreement between Congress and the White House over tax and spending issues, according to a new analysis.

The "fiscal cliff" deal, combined with the debt-limit agreement of August 2011, only slightly delays the United States reaching debt-to-gross domestic product levels that would damage the economy and risk another fiscal crisis, according to a report from the Peter G. Peterson Foundation released on Tuesday. 

Comments

[JWatts]

Wait we raised taxes on the top 1%. Budget problems solved, right?

[Greg]

Well we obviously didn't raise them enough. Don't worry though, cause I'm certain that the solution has to do with green energy

[Anton2013]

It can be thoroughly study with lot of experts and they can find perfect way to come out of fiscal cilff. There must be some way to solve this concern as it is affecting lot of Americans as well as economy.
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