Is There a Light at the End of the Debt Tunnel?

If the U.S. can maintain its broad growth rate, I think 2 to a half to 3% growth for the next decade is reasonable. You can do deficit spending to the tune of about 800 to 900 billion dollars a year without increasing the relative debt load. Second, and this is probably far more important, because our boomers had kids, there is a light at the end of the debt tunnel.

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